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Fusion grows with Zurich agency deal

Fusion Specialty Insurance has expanded its Asia-Pacific mergers and acquisitions (M&A) capacity through an underwriting agency partnership with Zurich.

Co-founder and executive partner Killian McDermott says the partnership helps Fusion M&A provide solutions for middle-market transactions throughout the region.

Fusion is a subsidiary of Pop Insurance Holdings, established last year by Sydney-based David Rogers and Barcelona-based Mr McDermott, who together have 50 years’ experience in specialty and affinity insurance businesses.

The partnership sees Zurich delegate its underwriting authority to Fusion to write warranty and indemnity insurance on its behalf.

“Our partnership with Fusion M&A is another tangible demonstration of how we are deploying our capacity to support brokers in financial lines,” Zurich Australia and New Zealand Chief Underwriting Officer Sean Walker said.

Pop last month launched a partnership with Rakuten Insurance Co focused on M&A deals in Japan and supporting the Tokyo-based company’s regional growth.

In January it announced a partnership with Allianz Australia.