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Friday, February 23, 2024

Sands Level launches with transaction legal responsibility insurance coverage follow


A workforce of ex-Twin executives have launched managing basic agent (MGA) Sands Level Threat, specialising in transaction legal responsibility insurance coverage (TLI).

Sands Level Threat has introduced the graduation of its operations with a devoted TLI follow.

The brand new enterprise, which is backed by personal fairness investor Avesi Companions, goals to seize alternatives throughout monetary and P&C insurance coverage traces of enterprise.

With the TLI follow, Sands Level will present a complete vary of merchandise together with illustration and warranties, tax legal responsibility and contingent legal responsibility insurance coverage.

The choices are geared toward safeguarding entrepreneurs, buyers and business stakeholders whereas managing transaction dangers.

The senior management workforce at Sands Level consists of seasoned professionals with a confirmed observe report in TLI.

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Sands Level’s workforce is led by CEO Dennis Kearns, govt vice-presidents Patrick Darragh and Dan Simnowitz, and chief working officer JoAnna Conte.

Kearns has greater than 25 years of expertise in underwriting, product improvement, coverage drafting and claims.

Earlier than becoming a member of Sands Level, Kearns arrange the transaction options programme at Twin.

Darragh brings greater than twenty years of expertise in underwriting, specializing in transactional danger and administration legal responsibility for administrators and officers insurance coverage for each private and non-private corporations.

Simnowitz, with a 17-year tenure within the insurance coverage business, has held varied roles and was a part of the management workforce for the Transaction Options programme at Twin.

Conte brings greater than 20 years of expertise throughout industrial underwriting, specialty operations and know-how options inside the insurance coverage business.

Sands Level Threat chief govt officer Dennis Kearns stated: “Along with a world-class management workforce, Sands Level is lucky to have the large assist of personal fairness agency Avesi Companions, which was instrumental in our formation and can present important monetary assist and entry to its sources and experience.

“Sands Level is dedicated to delivering distinctive underwriting and repair to assist our prospects navigate danger exposures arising from M&A [mergers and acquisitions], tax remedies and litigation. Our objective is to assist entrepreneurs anticipate and mitigate transaction danger and drive worthwhile underwriting outcomes. We may also be on the lookout for alternatives to ship this similar degree of best-in-class underwriting and customer support in different specialised insurance coverage traces as we construct out the Sands Level platform.”


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