Liberty International Underwriters Joins Forces with Huntersure
Liberty International Underwriters (LIU) reported that it has teamed with Huntersure, a program administrator, to provide Transactional Liability insurance.
According to a media release, this program will offer coverages in Representations and Warranties, Tax Liability (including Tax Opinion and Tax Credit) and Contingent Liability.
Underwritten by Huntersure and backed by the financial strength and stability of Liberty Mutual, this coverage is tailored to protect and bridge critical gaps in contracts between buyers and sellers in the M&A market valued last year at a record-breaking $4.7 trillion with more than 40,000 transactions announced as well as help eliminate the need for escrow and make it easier for deals to get approved.
"Huntersure is positioning itself to be a leader in the transactional liability market. Their experience with large law and accounting firms gives them unique insight into financial and due diligence exposures and makes them an excellent partner for us in this space," said LIU Executive Vice President of U.S. Specialty Casualty, Carl Pursiano.
LIU's Transactional Liability product will provide up to $25 million in limits, giving brokers and agents a strong, financially stable option to help their clients get the insurance coverage they need.
"Liberty's financial strength and solid ratings combined with the company's focus on developing and supporting long-term relationships with MGAs make them an ideal insurance carrier for this continually expanding yet underserved market," said Huntersure Chairman Dennis Mullins.
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish.
Part of Liberty Mutual Insurance, Liberty International Underwriters (LIU) distributes global specialty lines products and services exclusively through the independent broker network worldwide to insure specialized risk in most countries in the world.
Huntersure is a full-service Managing General Agency (MGA) whose business focus is insurance program administration for professional liability products on behalf of a number of top-tier U.S.-based insurance companies as well as Lloyd's of London Underwriters.
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THE DAILY VIEW
Papyrus Joins Forces with Designer Lela Rose
Papyrus is looking to bring the “elegance and style” of fashion to its greeting cards via a new designer collaboration series.
According to a release, the collaboration marks the first time a fashion design house and greeting card brand have joined forces to develop a custom greeting card collection.
Papyrus said it is partnering with American fashion designer Lela Rose to introduce the series. Rose will feature her "sophisticated yet modern style" in the debut card and gift collection, slated to launch during New York Fashion Week. The collection will be available in New York City Papyrus stores and select retailers in September, with availability expanding to all Papyrus locations and retailers in October.
"The fashion designer collaboration series is a celebration of the commitment Papyrus has to the arts, including a focus on the fashion industry, quality craftsmanship and trend-forward design," said Christy Kaprosy, President of Papyrus-Recycled Greetings. "We are delighted to have Lela Rose's elegant line lead the first Papyrus fashion designer collaboration program, and we are excited to bring more fashion designers to our loyal customers in the future."
The company noted the collection, which draws inspiration from some of Rose's recent runway designs, consists of 16 cards and five gift accessories, including gift bags, gift tissue, roll wrap and a gift tag set. It also will be available online at papyrusonline.com
"I'm thrilled to be the first designer to collaborate with Papyrus on their exclusive new fashion series," said Lela Rose. "This is a unique way to showcase our designs, silhouettes and prints, and extend the brand into a new category."
- Big Gift: Bill Gates, founder and co-chair of the Bill & Melinda Gates Foundation, has committed $50 million to fight the epidemic.
- Early Donation: In August, Paul G. Allen Family Foundation donated $2.8 million toward the outbreak in West Africa.
- Latest Pledge: Facebook founder Mark Zuckerberg and his wife Priscilla Chan this month pledged $25 million to the CDC.
- Corporate Funds: World Bank Group in August pledged up to US $200 million in emergency funding to help Guinea, Liberia, and Sierra Leone contain the spread of infections.
- Crowdfunding: Scripps Research Institute's Erica Ollman Saphire seeks to raise $100K for equipment to speed her work, partially funding by U.S. government.