Liberty Mutual launches new global unit to serve M&A market

Liberty Mutual has launched a new global transaction solutions (GTS) unit to serve the growing market for mergers & acquisitions (M&A) insurance solutions.

The new unit, led by Rowan Bamford as president, GTS Global M&A, will offers representations and warranties/warranty and indemnity, tax liability, tax credit and contingent risk insurance and will thoughtfully expand capacity to better serve the global transactional risk market.

From January 1, 2019, GTS will write M&A business on behalf of Liberty Mutual's Lloyd's of London Syndicate 4472 and Liberty company platforms. Until that time, GTS will continue to write M&A business on behalf of Pembroke Syndicate 4000 and Ironshore company platforms.

The company said the creation of GTS will enable Liberty Mutual to provide innovative solutions in the rapidly emerging global transactional risk insurance solutions market by making it easier for brokers and buyers to access a range of effective M&A products from a financially strong partner. GTS will operate as a global, stand-alone business unit.

"The M&A insurance market is growing quickly as brokers and buyers increasingly turn to insurance solutions to better manage a range of transactional risks and to effectively take deal-blocking issues off the table," Bamford said. "We brought our M&A experts from across our Ironshore and Pembroke platforms together to create a single integrated unit providing innovative solutions backed by unparalleled service and financial strength. With a diverse global team, who collectively closed more than 400 deals in 2017, it is one of the largest and most experienced global M&A teams in the market."

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