SOURCE: Transaction Risk Solutions

October 16, 2006 13:40 ET

Transaction Risk Solutions Enters Growing Alternative Market for Transactional Insurance Products

CHICAGO, IL -- (MARKET WIRE) -- October 16, 2006 -- Transaction Risk Solutions, Inc. ("TRS"), a Managing General Underwriter providing Representations and Warranties Insurance and other specialty insurance products, is pleased to announce its creation and the start of business operations.

TRS is focused on providing Representations & Warranties Insurance and other insurance policies associated with mergers, acquisitions, divestitures, and other financial transactions. Transaction Risk Solutions will provide buyers of these specialty insurance products, namely private equity firms and their portfolio companies, with an attractive alternative market.

Transaction Risk Solutions was co-founded by Michael C. Marcon and William Monat. The company was funded through M3K Holdings, M6 Holdings, LLC, and Otter Capital Partners, LP.

Mr. Marcon, an insurance executive with 20 years of experience, is currently the Chairman and CEO of Equity Risk Partners, Inc., a retail insurance brokerage firm focused exclusively on the needs of the private equity industry and its portfolio companies. Through his holding company, M3K Holdings, Mr. Marcon has created a number of specialty insurance firms.

Bill Monat, President and Chief Underwriting Officer of TRS, was formerly the Managing Director of a managing general underwriter providing transactional insurance products. Mr. Monat has both legal and accounting skills, having worked at national law and accounting firms. He has a B.B.A. in Accounting and a J.D. from the University of Iowa.

Transaction Risk Solutions will distribute its products through national brokers, specialty brokers focused on the private equity industry, and regional brokers/independent agents.

TRS will be headquartered in Chicago, Illinois.

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