New MGA launches with give attention to transaction legal responsibility

A workforce of consultants in transaction legal responsibility insurance coverage (TLI) has launched Sands Level Danger, a managing normal company centered on supporting expanded alternatives in monetary and property-casualty insurance coverage traces.

Sands Level will supply a full spectrum of merchandise in TLI, together with representations and warranties, tax legal responsibility and contingent legal responsibility insurance coverage.

The corporate’s management workforce consists of TLI professionals who’ve collectively underwritten hundreds of transactions involving strategic and personal fairness patrons and sellers, of all sizes and throughout quite a few industries. The management workforce consists of:

• Dennis Kearns (CEO): Kearns has greater than 25 years of expertise in underwriting, product improvement, coverage drafting and claims. Previous to becoming a member of Sands Level, Kearns based the Transaction Options program at DUAL
• Patrick Darragh (govt vice chairman): Darragh has greater than 20 years of underwriting expertise, together with transactional threat and administration legal responsibility for each private and non-private firm administrators and officers
• Dan Simnowitz (govt vice chairman): Simnowitz has greater than 17 years of trade expertise, most not too long ago serving as a member of the management workforce for DUAL’s Transaction Options program
• JoAnna Conte (chief working officer): Conte has greater than 20 years of trade expertise, together with in business underwriting, specialty operation and expertise

Learn subsequent: Transactional threat insurance coverage stays a essential think about M&A – report

“Along with a world-class management workforce, Sands Level is lucky to have the great assist of personal fairness agency Avesi Companions, which was instrumental in our formation and can present vital monetary assist and entry to its assets and experience,” Kearns stated. “We’re additionally grateful for the immense assist we’ve acquired from key stakeholders within the TLI house.

“Sands Level is dedicated to delivering distinctive underwriting and repair to assist our prospects navigate threat exposures arising from M&A, tax remedies and litigation,” Kearns stated. “We’re desirous to ship the excessive stage of service our prospects have come to anticipate from our workforce. Our aim is to assist entrepreneurs anticipate and mitigate threat and drive worthwhile underwriting outcomes. We may also be searching for alternatives to ship this identical stage of best-in-class underwriting and customer support in different specialised insurance coverage traces as we construct out the Sands Level platform.”

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