Great American Insurance Group launched a mergers & acquisitions liability division, its 32nd specialty property and casualty business.
The new venture will offer primary and excess representations and warranties and tax indemnity insurance coverage for U.S.-based corporate transactions, acquisitions or disposals. Coverage will be available nationwide.
In connection with the launch of this new business, Roy Reynolds has joined Great American as divisional senior vice president and U.S. practice leader.
Reynolds has 13 years of underwriting experience within the mergers and acquisitions insurance field. He held previous positions at Chubb, The Hartford and Montpelier/Endurance. Prior to these positions, Reynolds was a practicing tax attorney.
Garry Gordon has also joined Great American as a divisional vice president. Gordon has 11 years of underwriting and claim experience within the mergers and acquisitions insurance field. He held previous positions at The Hartford, Allied World and Montpelier/Endurance. Prior to these positions, Gordon was a practicing mergers & acquisitions attorney.
The new division will be located in New York City and is expected to begin accepting new business submissions in January 2016.
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