CBL Insurance backs M&A MGA

Directors of Lloyd's broker Protean Risk have set up an MGA
to sell M&A insurance, backed by New Zealand carrier CBL
Insurance.
The MGA, called Capital Risks, will focus on offering M&A
insurance to cover small and medium-sized deals.
Capital Risks CEO Nathan Sewell said in a statement: "We
have designed our insurance products to fill a void in the market.
It offers an opportunity for regional and specialist M&A
insurance brokers to develop a new revenue stream."
Sewell added...