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September 12, 2018

Liberty Mutual launches new global transaction solutions unit

Liberty Mutual has launched a new unit called the Global Transaction Solutions (GTS), which has been created by centralising the firm’s mergers & acquisitions (M&A) insurance solutions segment.

GTS will operate on a stand-alone basis, unit, providing representations and warranties/warranty and indemnity, tax liability, tax credit as well as contingent risk insurance.

The new division will be headed by GTS global M&A president Rowan Bamford.

Bamford will be assisted by GTS head of tax Tom Cartwright, Asia Pacific head William Lewis, EMEA head Gareth Rees, and Americas head James Swan.

Commenting on the new development, Bamford said: “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.

“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.”

GTS will start writing M&A business on behalf of Liberty Mutual’s Lloyd’s of London Syndicate 4472 and Liberty company platforms from January next year.  Prior to that, it will write M&A business on behalf of Pembroke Syndicate 4000 and Ironshore company platforms.

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