Novacore launches Zion Underwriting for M&A risk coverage

Novacore has launched Zion Underwriting , a transactional risk insurance program focused on complex M&A and structured corporate transactions.

The program will offer representations and warranties insurance, tax liability insurance, and contingent risk solutions for private equity firms, corporate acquirers, investment banks, and transaction counsel.

Zion will operate within Novacore’s new Alternative Risk segment and will be led by Michael Mora, who was named president of Alternative Risk.

Novacore is the specialty insurance platform built on NSM Insurance Group’s 35-year track record. The company partners with more than 20,000 agents and offers more than 20 specialty programs.

“Zion Underwriting represents a meaningful step in our continued effort to build specialized capabilities in areas of strong market demand. Transactional risk is a highly technical and relationship-driven segment of the market. Michael’s leadership and depth of experience position us to compete thoughtfully and responsibly in this space.” – Aaron Miller, Chief Executive Officer of Novacore.

Bottom Line: Fusion Specialty and ASQ Underwriting come to mind.