10 August 2016 Insurance

RFIB introduces transaction solutions business; names head

RFIB Group, a Lloyd’s re/insurance broker, has appointed James Wilson to head up its newly formed transaction solutions business, effective immediately.

Reporting to Paul Chilton, chief operating officer, Wilson will oversee the transactions solutions division, which provides insurance solutions that address liabilities incurred in the mergers and acquisitions process.

The insurance solutions offered by the division include warranty and indemnity (W&I), specific tax liability and specific contingent liability.

Wilson has over 12 years of experience in transaction insurance, having most recently served as head of transactions solutions at Protean Risk.

Prior to this, he held the role of head of transaction insurance and financial lines and senior underwriter at Aspen Insurance.

Dennis Mahoney, chief executive officer of RFIB, 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.”

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