Equity Risk Partners (ERP), an insurance brokerage and consulting firm, has appointed William Monat as managing director of transactional products, with immediate effect.
Mr Monat will be responsible for establishing the firm’s transactional products practice group and building ERP’s capabilities for developing and marketing products including representations and warranties, tax liability, litigation buyout, and contingent liability insurance.
Mr Monat brings more than 20 years of expertise in insurance and risk services to his role at ERP, including his experience as an attorney concentrating in insurance coverage and litigation.
In 2006, Mr Monat co-founded Transaction Risk Solutions, which provides insurance solutions to private equity firms and other parties involved in mergers, acquisitions, divestitures, and other financial transactions, where he served as its chief underwriting officer and president.
Michael Marcon, founder and CEO of ERP, said: Our continued growth in the transactional products space coincides with increasing demand from our private equity clients for unique solutions to deal-related hurdles, and Bill’s expertise will allow ERP to continue to deliver top-notch insurance solutions to our clients.