Fusion sports team moves into Geo Specialty after Ardonagh sale
UK construction portfolio also ring-fenced from deal.
Fusion’s sports, leisure and entertainment (SLE) team has moved across to Geo Specialty, part of Geo Underwriting, for the launch of a new unit.
The changeover came just over a month after the Ardonagh Group agreed to sell its commercial managing general agent (MGA) businesses – including Fusion – to Arch UK Holdings for up to £31m.
A spokesperson for Ardonagh confirmed that the SLE team were identified and ring-fenced from the deal with Arch.
They added: “In addition we had also identified
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