CINCINNATI--(BUSINESS WIRE)--Great American Insurance Group is pleased to announce the launch of a new Mergers & Acquisitions Liability Division, its 32nd specialty property and casualty business. This business 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, Mr. Roy Reynolds has joined Great American as Divisional Senior Vice President – U.S. Practice Leader. Mr. 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, Mr. Reynolds was a practicing tax attorney. He holds a Master of Business Administration from University of Chicago and a JD from Georgetown University.
Mr. Garry Gordon has also joined Great American as Divisional Vice President. Mr. 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, Mr. Gordon was a practicing mergers & acquisitions attorney. He holds a JD from St. John’s University.
Great American’s newly-formed Mergers & Acquisitions Liability Division will be located in New York City and is expected to begin accepting new business submissions in January 2016.
With the opening of this new operation and as led by Marketform’s Global Practice Leader, Robert Brown, Great American Insurance and its Lloyd’s Syndicate Marketform have created a global underwriting capability for clients with both domestic U.S. and cross-border mergers and acquisitions transactions, offering significant expertise, financial strength and capacity to the market.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation of “A+” (Superior) as of March 20, 2015). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG.