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Insurance brokers launch alliance to serve private equity market

A group of insurance brokerage firms has launched Equity Risk Partners Global, an insurance broker alliance focused exclusively on the needs of the private equity sector.

ERP Global is comprised of international brokerages in countries where there is a significant amount of private equity activity.

The ERP Global concept is the creation of Equity Risk Partners, a US-based insurance brokerage and risk management consulting firm that has been servicing the needs of the private equity industry for over a decade.

"We are excited to be a part of this landmark alliance that connects insurance brokers and private equity firms on a global scale," says Michael Marcon (pictured), chief executive of Equity Risk Partners. "With the expertise of our member brokers and our ability to access previously untapped resources, the collaborative efforts of these brokers have the ability to have a significant positive impact on private equity transactions. This venture establishes the best global alliance of insurance professionals in the private equity space."

ERP Global will allow brokers to pool their resources and talents in order to increase efficiency in due diligence using a unified approach. Through the use of technology, brokers will respond whenever one of the members is engaged on a new deal, thereby taking advantage of the experiences and abilities each broker offers.

"As an established insurance brokerage and employee benefit consultancy, we are proud and excited to join ERP Global. We consider this collaboration not only a reward for our professional attitude, but also a great challenge to further materialise our excellent working relationship with member brokers worldwide," says Alexander de Waal, managing director, Dorens & De Waal Amsterdam.

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