ASQ Underwriting expands its transactional risk insurance practice into Canada
ASQ Underwriting , a national transactional risk managing general underwriter, has expanded its bespoke transactional risk insurance coverage to brokers and insureds in Ontario, Canada – combining focused customer service and a hands-on approach to claims.
ASQ will underwrite three core transactional insurance products in Ontario: representations and warranties insurance, tax liability insurance, and contingent risk insurance. These products will be underwritten on behalf of Travelers , and have an initial gross capacity of $50 million per transaction. Currently ASQ is licensed to underwrite insureds in Ontario with plans to expand its underwriting to other provinces soon. ASQ and Travelers will continue to manage the claims process in close coordination.
ASQ has a growing team of veteran insurance professionals who are skilled and experienced underwriters with diverse backgrounds in mergers & acquisitions (M&A), law, and insurance. ASQ launched in 2018 and is led by Co-Founders Jeff Anderson and Wayne Datz. Ryan Anderson and Andrew Belisle, two experienced transactional risk underwriters and M&A attorneys, round out the ASQ founding leadership. Earlier this year, Jared Lavinthal, who has significant M&A experience with KPMG, was hired to underwrite tax insurance.
“In 2018, ASQ successfully launched with a focus on the United States transactional insurance marketplace. Expanding into Canada is a natural extension of our practice and shows our continued commitment to this growing insurance sector.” – Co-Founder, ASQ Underwriting, Jeff Anderson.
“Our goal is to provide best-in-class customer service and customized risk transfer solutions that help organizations manage their capital effectively and efficiently. We’ve been successful to date in the US and will strive for the same accurate and prompt service for Canadian brokers and insureds.” – Co-Founder, ASQ Underwriting, Wayne Datz.
“Especially during these challenging economic times, we view the support from Travelers as a significant competitive advantage in terms of financial strength and stability, brand recognition, and claims handling skill and reputation.” – Ryan Anderson.
“The transactional insurance space continues to grow in Canada, and we are excited to be a part of that increased product adoption.” – Andrew Belisle.
