{"id":14592,"date":"2024-02-22T09:00:53","date_gmt":"2024-02-22T04:00:53","guid":{"rendered":"https:\/\/www.insurance-advocate.com\/?p=14592"},"modified":"2024-03-26T20:01:25","modified_gmt":"2024-03-26T15:01:25","slug":"sands-point-risk-launches-mga-platform-with-flagshiptransactionliability-practice","status":"publish","type":"post","link":"https:\/\/www.insurance-advocate.com\/2024\/02\/22\/sands-point-risk-launches-mga-platform-with-flagshiptransactionliability-practice\/","title":{"rendered":"Sands Point Risk Launches MGA Platform with FlagshipTransactionLiability Practice"},"content":{"rendered":"<p>An underwriting team that is widely recognized as leaders in the Transaction Liability Insurance (\u201cTLI\u201d) industry is pleased to announce the launch of Sands Point Risk (\u201cSands Point\u2019\u2019 or \u201cthe Company\u201d).<br \/>\nSands Point is a managing general agent (\u201cMGA\u201d) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship TLI practice, Sands Point will offer a full suite of products in TLI, including Representation and Warranties, Tax Liability and Contingent Liability Insurance. The Company\u2019s TLI solutions are designed to protect entrepreneurs, investors and industry stakeholders and uniquely manage transaction risks.<br \/>\nThe Sands Point senior leadership team, which is comprised of highly successful professionals in TLI, has collectively underwritten thousands of transactions involving strategic and private equity buyers and sellers spanning all sizes and across numerous industries. Sands Point brings together a veteran leadership team widely known to the industry:<br \/>\nDennis Kearns (Chief Executive Officer) brings more than 25 years of experience in underwriting, product development, policy drafting and claims. Prior to Sands Point, Dennis founded the Transaction Solutions program at DUAL, where he oversaw the expansion of its Representations and Warranties, Tax Liability and Contingent Liability Insurance offerings, producing a total gross written premium exceeding $600 million.<br \/>\nPatrick Darragh (Executive Vice President) has more than 20 years of experience in underwriting, including transactional risk and management liability for both public and private company Directors and Officers Insurance (\u201cD&amp;O\u201d).<br \/>\nDan Simnowitz (Executive Vice President) has spent his entire 17-year career in the insurance industry in a variety of roles, most recently as a member of the leadership team for the Transaction Solutions program at DUAL.<br \/>\nJoAnna Conte (Chief Operating Officer) touts more than 20 years of insurance industry experience across Commercial Underwriting, Specialty Operations and Technology Solutions.<\/p>\n<p>\u201cIn addition to a world class leadership team, Sands Point is fortunate to have the tremendous support of private equity firm Avesi Partners, which was instrumental in our formation and will provide significant financial support and access to its resources and expertise. We are also grateful for the immense support we\u2019ve received from key stakeholders in the TLI space,\u201d said Sands Point Risk Chief Executive Officer Dennis Kearns.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cSands Point is committed to delivering exceptional underwriting and service to help our customers navigate risk exposures arising from M&amp;A, tax treatments and litigation. We\u2019re eager to deliver the high-level of service our customers have come to expect from our team. Our goal is to help entrepreneurs anticipate and mitigate transaction risk and drive profitable underwriting results. We will also be looking for opportunities to deliver this same level of best-in-class underwriting and customer service in other specialized insurance lines as we build out the Sands Point platform.\u201d<\/p>\n<p><em>About Sands Point Risk<\/em><\/p>\n<p><em>Sands Point Risk is a uniquely focused insurance platform supporting expanded opportunities for managing general underwriters in a variety of insurance offerings in the financial and property &amp; casualty insurance space. The Company\u2019s Transaction Liability Insurance offering is designed to protect entrepreneurs, investors and industry stakeholders involved in mergers, acquisitions, divestitures or other major corporate transactions as well as help manage risks associated with potential breaches of representations, warranties,<span class=\"Apple-converted-space\">\u00a0 <\/span>or indemnities made by the seller in the transaction agreement. For more information, please visit sandspointrisk.com.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An underwriting team that is widely recognized as leaders in the Transaction Liability Insurance (\u201cTLI\u201d) industry is pleased to announce the launch of Sands Point Risk (\u201cSands Point\u2019\u2019 or \u201cthe Company\u201d). Sands Point is a managing general agent (\u201cMGA\u201d) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[479,483],"tags":[462],"class_list":["post-14592","post","type-post","status-publish","format-standard","hentry","category-479","category-february-2024","tag-agencies","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/14592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/comments?post=14592"}],"version-history":[{"count":1,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/14592\/revisions"}],"predecessor-version":[{"id":14594,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/posts\/14592\/revisions\/14594"}],"wp:attachment":[{"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/media?parent=14592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/categories?post=14592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.insurance-advocate.com\/wp-json\/wp\/v2\/tags?post=14592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}