Rising Edge acquires AMANIKI and launches Transactional Liability insurance offering

Rising Edge, a London-based directors’ and officers’ (D&O) Managing General Agent (MGA), and insurance broker, has announced it has signed an agreement to acquire AMANIKI GmbH.

AMANIKI is an independent MGA that has been operating since 2019 under the leadership of Niki Demirbilek, who will be joining Rising Edge’s Executive Committee.

Its experienced team of transactional liability underwriters, with offices in Frankfurt and London, will be joining Rising Edge.

This acquisition is enabling Rising Edge to launch a suite of Transactional Liability insurance products.

Philippe Gouraud, CEO of Rising Edge, commented: “I am delighted to welcome 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.”

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.”

The transaction is subject to customary regulatory approvals and notifications, which are expected over the coming weeks.

Niki Demirbilek, Managing Director of Amaniki stated: “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”

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