New MGA launches with focus on transaction liability

New MGA launches with focus on transaction liability


New MGA launches with focus on transaction liability | Insurance Business America















Leadership team includes swathe of recognized experts

New MGA launches with focus on transaction liability


Insurance News

By
Ryan Smith

A team of experts in transaction liability insurance (TLI) has launched Sands Point Risk, a managing general agency focused on supporting expanded opportunities in financial and property-casualty insurance lines.

Sands Point will offer a full spectrum of products in TLI, including representations and warranties, tax liability and contingent liability insurance.

The company’s leadership team includes TLI professionals who have collectively underwritten thousands of transactions involving strategic and private equity buyers and sellers, of all sizes and across numerous industries. The leadership team includes:

  • Dennis Kearns (CEO): Kearns has more than 25 years of experience in underwriting, product development, policy drafting and claims. Prior to joining Sands Point, Kearns founded the Transaction Solutions program at DUAL
  • Patrick Darragh (executive vice president): Darragh has more than 20 years of underwriting experience, including transactional risk and management liability for both public and private company directors and officers
  • Dan Simnowitz (executive vice president): Simnowitz has more than 17 years of industry experience, most recently serving as a member of the leadership team for DUAL’s Transaction Solutions program
  • JoAnna Conte (chief operating officer): Conte has more than 20 years of industry experience, including in commercial underwriting, specialty operation and technology

Read next: Transactional risk insurance remains a critical factor in M&A – report

“In addition to a world-class leadership team, Sands Point is fortunate to have the tremendous support of private equity firm Avesi Partners, which was instrumental in our formation and will provide significant financial support and access to its resources and expertise,” Kearns said. “We are also grateful for the immense support we’ve received from key stakeholders in the TLI space.

“Sands Point is committed to delivering exceptional underwriting and service to help our customers navigate risk exposures arising from M&A, tax treatments and litigation,” Kearns said. “We’re eager to deliver the high level of service our customers have come to expect from our team. Our goal is to help entrepreneurs anticipate and mitigate risk and drive profitable underwriting results. We will also be looking for opportunities to deliver this same level of best-in-class underwriting and customer service in other specialized insurance lines as we build out the Sands Point platform.”

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