Rising Edge launches transactional liability offering through the aquisition of AMANIKI
Rising Edge Ltd (“Rising Edge”) announces today having signed an agreement to acquire AMANIKI GmbH (“AMANIKI”). This acquisition is enabling Rising Edge to launch a suite of Transactional Liability insurance products.
The transaction is subject to customary regulatory approvals and notifications, which are expected over the coming weeks.
AMANIKI has been operating since April 2019 as an independent MGA under the leadership of Niki Demirbilek.
AMANIKI brings to Rising Edge an experienced team of transactional liability underwriters, with offices in Frankfurt and London.
Niki Demirbilek is joining Rising Edge’s Executive Committee.
Philippe Gouraud, CEO of Rising Edge, commented:
“I am delighted to welcoming Niki and her experienced team to Rising Edge. What attracted us is how Niki has built a very strong identity and her underwriting track record over the years. Therefore our Transactional Liability business will continue trading under the name of AMANIKI, a well-respected brand in our London and European markets”.
Philippe Gouraud added:
“This is the natural next step for Rising Edge’s strategy of growing a best-in-class specialty underwriting business. We started 3 years ago with a very successful Commercial D&O business. We are ready for our next phase. We are aware, and welcome, the challenges of a W&I market with uncertainties related to pricing, historical claims and underlying M&A activity. We trust our agility and the drive of our team to find its way to challenge the status quo”.
Niki Demirbilek, Managing Director of Amaniki said:
“Rising Edge brings a strong and resilient platform, from which we can continue building our Transactional Liability business across all our markets. We also have the backing of a very strong panel of (re)insurers, and are gearing ourselves in what we anticipate will be a reinvigorated M&A market”.
Kelly Lyles, non-executive Chair of Rising Edge stated that
“The synergies and complementarity between the two teams, the two operating models and the two specialty insurance businesses will strengthen both sides. And the timing of it is remarkable, as the financial markets are gearing towards an increased level of M&A activity.”
Rising Edge’s insurance offering continues to be delivered through AM Best A- rated underwriting capacity, and through UK and European regulated insurance licenses.
About Rising Edge
Rising Edge is a London-based underwriting agency that has specialised so far in directors’ and officers’ (D&O) liability insurance, aimed at serving the London wholesale international market, as well as regional UK and national European brokers.
For more information, please visit https://www.risingedge.co
About AMANIKI
AMANIKI is a Frankfurt -based underwriting agency that specialises in Transactional Liabilities, such as Warranty & Indemnity (W&I) insurance and Contingent Risk. AMANIKI serves the European and London markets.
For more information, please visit https://www.amaniki.com
Media Contact:
Isabel Alvarez del Rio
isabel.alvarez@risingedge.co
+44 (0) 330 088 9637