Sands Point Risk, a new managing general agent to be led by the founder of transaction risk solutions at DUAL, has been launched to serve the transaction liability insurance (TLI) sector.
Dennis Kearns, who founded the transaction risk program at DUAL, is CEO of Jersey City, NJ-based Sands Point. Dan Simnowitz and Patrick Darragh, who were also part of the DUAL’s transaction program leadership team, are executive vice presidents at Sands Point.
JoAnna Conte, who was last at QBE Insurance, is chief operating officer at Sands Point.
Sands Point said it will offer a full suite of products in TLI, including representation and warranties, tax liability and contingent liability insurance to protect entrepreneurs, investors and industry stakeholders.
Kearns said Sands Point has the support of private equity firm Avesi Partners.
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