SiriusPoint, a global specialty re/insurer, and Tara Hill Insurance Services, a newly launched Excess and Surplus (E&S) program administrator, have formed a strategic partnership.
As part of the Cirrata Group, Tara Hill was established to develop an E&S portfolio focusing on private Management Liability and Miscellaneous Professional Liability coverages for small to medium-sized risks.
Patrick Charles, Head of North America Insurance at SiriusPoint, expressed enthusiasm for the partnership, stating, “This is a great opportunity to work with a best-in-class program administrator with expert knowledge of the D&O and E&O space.”
Charles added, “With the financial backing of Ambac and the leadership of industry veteran Peter McKeegan, Tara Hill has the perfect platform on which to launch its new program. Its focused appetite, disciplined underwriting approach, and experienced underwriting talent all complement SiriusPoint’s strategy and demonstrate the high calibre of the partners that we align ourselves with.”
Peter McKeegan, Founder and Chief Executive Officer of Tara Hill, commented, “We are looking forward to working with SiriusPoint.”
“With SiriusPoint’s experience of working with both carrier divisions and MGAs, their backing will be a vital part of the execution of Tara Hill’s growth and profitability. We are excited to bring this new program to the U.S. E&S sector alongside the complementary underwriting discipline and experience shared by the team at SiriusPoint,” McKeegan concluded.
