RFIB launches merger risk business - FREE

RFIB launches merger risk business - FREE

RFIB_280RFIB Group has launched a transactions solutions business, appointing James Wilson to lead it.

Wilson, who joins from an equivalent role at Protean Risk, will be its head of transactions solutions, reporting to Paul Chilton, chief operating officer.

The London market re/insurance broker said the new focus would place liability risks involved in mergers and acquisitions (M&A), including warranty and indemnity, tax liability and specific contingent liability.

The expansion into M&A risks is the latest of several recent RFIB appointments, following US private equity group Calera Capital’s acquisition of a majority of the broker last October, paving the way for investment and expansion.

In May, RFIB announced the launch of its new Americas subsidiary, followed by a new Americas head to lead it, as well as a new member services business in July.

With 12 years’ experience, before Protean, Wilson was financial lines senior underwriter and head of transactional Insurance at Aspen Insurance.

Dennis Mahoney, RFIB’s chief executive, said: “Central to our growth strategy is the development of specialty propositions where expertise, client understanding and in-depth product knowledge act as the differentiator.

“The Transaction Insurance sector has undergone phenomenal growth in recent years and there is a clear opportunity for an independent intermediary to provide a bespoke client focused service. James is the ideal candidate to launch our Transactions Solutions business and I am very pleased to welcome him to the team,” he added.

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