SiriusPoint, a specialty underwriter, has announced a new strategic partnership with Sutton Special Risk, a specialist managing general underwriter providing innovative accident and health insurance solutions, to launch a new insurance product, SportsSecure™.
A specialised insurance solution, SportsSecure has been designed to help college and university athletic programs manage injury-related financial exposures associated with Name, Image, Likeness (NIL) and revenue-sharing commitments.
Additionally, the new solution helps athletic departments mitigate the impact of injury-related disruptions and support the long-term stability of their athletic programs.
By combining their complementary strengths in underwriting, specialised insurance, and sports-related accident and health expertise, SiriusPoint and Sutton Special Risk aim to support brokers, colleges, and universities as they navigate the evolving NIL and revenue-sharing landscape.
Tom Leonardo, Global Head of Accident & Health at SiriusPoint, stated: “We’re only at the beginning of NIL and revenue sharing, and it’s already creating a lot of uncertainty for colleges and universities.
“Athletic departments have a lot to manage, and the financial impact of an athlete’s injury should not create even more disruption. SportsSecure helps colleges and universities prepare for possible injuries, protect their financial commitments, and stay focused on supporting their athletes and programs.”
He added: “Since every athletic program is different, we wanted to work with a partner that understands both the sports market and the unique needs of colleges and universities. Sutton Special Risk brings that expertise, and together we are offering a thoughtful, specialized way to manage injury-related financial exposure and protect the long-term stability of their athletic programs.”
“We are excited to partner with SiriusPoint to bring a dedicated solution to an increasingly important segment of the collegiate sports market,” said Christian Hanson, VP Sports at Sutton Special Risk.
“By combining SiriusPoint’s underwriting strength and capacity with our specialist expertise, we are helping institutions better understand and manage these new exposures while providing protection that supports long-term financial stability.”
