Beazley boosts M&A transaction liability team
Specialist insurer Beazley has expanded its US underwriting capabilities with the recruitment of Benjamin Welch. He will be based in Beazley's Atlanta office.
Welch joins Beazley from attorneys Peabody & Arnold where as insurance coverage counsel he advised clients on the scope of their coverage under management liability insurance policies, with a particular focus on mergers and acquisitions (M&A) transaction liability coverage.
Previously, he was a commercial litigation attorney at Brown Rudnick focused on healthcare and bankruptcy litigation.
Beazley's M&A transaction liability team offers coverage designed to reduce or extinguish the impact of liabilities arising from a merger or acquisition, including warranty breaches, adverse tax consequences and contingent liability claims.
John McNally, head of Beazley's M&A transaction liability team, said: "We have seen steadily increasing demand for transaction liability coverage from US corporations and private equity funds - both for the smaller transactions covered by DealProtect and for much larger deals. Ben's appointment will enable us to provide an even more responsive service to brokers and clients."
