Liberty Global Transaction Solutions (GTS), a division of Liberty Mutual Insurance, appointed Harry Ballan as the Head of Tax for the Americas.
In this new role, Ballan will spearhead the development of innovative insurance solutions aimed at mitigating tax-related risks for businesses operating in the Americas.
Prior to joining Liberty GTS, Ballan served as the Managing Director for Alliant Insurance Services, where he expertly crafted insurance solutions covering tax, mergers and acquisitions (M&A), and contingent litigation risks for companies globally.
His extensive background also includes distinguished roles as Partner and Senior Counsel at Davis Polk & Wardwell LLP. Notably, Ballan is an Adjunct Professor of Law at New York University Law School and has even served as the Dean of Touro Law School.
Rowan Bamford, President of Liberty GTS, acknowledged the evolving economic landscape and the emerging opportunities it presents. As companies navigate reorganisations and seek to optimsze their financial positions, uncertainty around tax treatment becomes a significant concern.
Bamford noted the attractiveness of tax insurance products that can precisely quantify anticipated tax liabilities, effectively managing costs.
Bamford further expressed confidence in Liberty GTS’s strategic positioning to expand its tax offerings, with Harry Ballan’s deep expertise in mergers and acquisitions, tax controversies, and litigation. Ballan’s appointment is expected to drive the division’s growth and strengthen its foothold in the market.
Scott Pegram, Head of Americas at Liberty GTS, emphasised the dynamic nature of this sector and the critical role Ballan’s appointment plays in enhancing the tax liability insurance practice across the region. Pegram highlighted Ballan’s exceptional technical knowledge and industry connections, which will enable Liberty GTS to identify and address new areas of insurable risks. This, in turn, will empower clients to proactively address unforeseen challenges, ultimately bolstering their profitability and liquidity.
