Fusion Specialty adds two for CEO roles

Fusion Specialty adds two for CEO roles | Insurance Business New Zealand

Insurance News

Fusion Specialty adds two for CEO roles

“Their ongoing contributions will be significant,” says co-founder

Insurance News

By
Kenneth Araullo

Boutique M&A and specialty MGA Fusion Specialty has announced the appointment of two new CEO roles: Michael Federer as CEO of Fusion Specialty North America, and Katherine Simmonds (pictured) as CEO of Fusion Specialty International.

Federer comes to the role as a seasoned insurance executive with more than 18 years of combined experience as a corporate attorney focused on M&A deals and as an M&A insurance underwriter. He previously worked as a managing partner for sales and distribution in M&A for Fusion. In this new role, he will continue to drive the firm’s buildout in North America as well as its M&A insurance products suite.

As per his LinkedIn, Federer has also worked previously at Tailored Brands, JPMorgan Chase & Co., Circle K., CrossAmerica Partners LP, and more. He has a BSBA in finance from the Ohio State University college of business, as well as a Juris Doctor of Law from the Notre Dame Law School.

Simmonds, meanwhile, joined Fusion in 2021 as a managing partner and spearheaded the growth of the business in M&A insurance markets across Australia, New Zealand, and Asia. In this new role, she will be responsible for further developing the firm’s presence across the UK, APAC, and EMEA regions, including M&A, financial lines, and other specialist insurance products.

According to her LinkedIn, Simmonds also worked at Gallagher as head of corporate & commercial as well as at WTW as general manager for corporate, risk, and broking. She also worked for five years as managing director for Ironshore Insurance’s Australia and New Zealand markets, as well as head of M&A insurance in Asia-Pacific for AIG.

“We are delighted with these promotions, and with Katie’s and Michael’s outstanding leadership of two very capable teams,” Fusion Group co-CEO and co-founder David Rogers said. “Their ongoing contributions will be significant in realising Fusion’s vision of pioneering the concept of MGA 3.0, combining a global infrastructure of licensed MGAs with local teams of experts. With Tech at the core, we are empowering better underwriting, innovative products, partnership distribution and sustainable insurance.”

What are your thoughts on this story? Please feel free to share your comments below.