Liberty Mutual’s Global Risk Solutions strategic business unit has centralized its vast mergers & acquisitions (M&A) insurance solutions expertise into its newly formed Global Transaction Solutions group (GTS).
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, providing its brokers and clients with centralized M&A expertise across a global platform backed by expert, dedicated M&A claims handling.
Rowan Bamford, President, GTS Global M&A, will lead GTS, which 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.
“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,” notes Rowan Bamford, President, GTS Global M&A. “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."
Included within GTS under Bamford’s leadership are:
- Tom Cartwright, GTS Head of Tax
- William Lewis, GTS Head of Asia Pacific
- Gareth Rees, GTS Head of Europe, Middle East and Africa
- James Swan, GTS Head of Americas
The creation of GTS does not change the current contacts M&A brokers and buyers have at Liberty Mutual. Effective 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.
About Liberty Mutual Insurance
Liberty Mutual is the 5th largest global insurer based on 2017 gross written premium, with over 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers’ trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue. You can learn more about us by visiting www.libertymutualinsurance.com.