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Media Release

Zurich announces tie-up to strengthen capacity in M&A insurance

SYDNEY, Australia – Zurich Australia Insurance Limited (“Zurich”) has today announced a new underwriting agency partnership that will boost its capacity in the mergers and acquisitions (M&A) insurance space.

The agreement will see Zurich delegate its underwriting authority to Fusion Specialty Insurance Pty Limited (“Fusion M&A”) to write Warranty and Indemnity insurance on its behalf. Fusion M&A is a subsidiary of POP Insurance Holdings (“POP”) and is focussed on supporting cross-border M&A transactions throughout the Asia-Pacific.

Sean Walker, Chief Underwriting Officer, Zurich Australia & New Zealand, said: “Our partnership with Fusion M&A is another tangible demonstration of how we are deploying our capacity to support brokers in Financial Lines. This is an exciting step for Zurich and our customers, and we are delighted to be helping bring another product to the market.”

Robin Cooper-Driver, Head of Financial Lines and Casualty, Zurich Australia & New Zealand, said: “Zurich is a leading player globally in the M&A insurance space and it is fantastic to be able to bring that experience to bear in supporting customers and brokers across the Asia Pacific. We look forward to working with Fusion M&A and backing their solutions in the market.”

David Rogers, POP and Fusion’s Co-founder and Executive Partner and Head of M&A, said: “Fusion is delighted to partner with such a highly reputable global insurer as Zurich, with access to additional capacity and its extensive network across APAC”.

Killian McDermott, POP and Fusion’s Co-founder and Executive Partner added: “This is another exciting milestone for Fusion. Our partnership with Zurich further enables us to lead local solutions for middle market M&A transactions throughout APAC.”

ENDS
 


Media Enquiries:


Adam Siddique

Head of Public & External Affairs

media@zurich.com.au

Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience.

Reflecting its purpose to ‘create a brighter future together’, Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil.

The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at www.zurich.com.