SiriusPoint Ltd., a global specialty insurer and reinsurer, has announced a strategic partnership and investment with Alta Signa Holdings, a European Managing General Agent (MGA) specialising in financial and professional lines insurance.
The company says the partnership is part of SiriusPoint’s strategy of growing its portfolio of MGA and insurance services businesses.
Founded in 2019, Alta Signa is headquartered in Brussels with a branch network across Europe. The company underwrites specialty insurance lines including Management Liability, Professional Indemnity, Crime, and Cyber, focusing on corporate and financial institution clients.
SiriusPoint is a Bermuda-headquartered, global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries.
Bobby Heerasing, Head of International Strategic Business Development at SiriusPoint, said: “We are very pleased to add Alta Signa to our portfolio of strategic partnerships.”
“Alta Signa has an experienced and highly qualified leadership team, with deep insurance relationships and a proven track record of delivering underwriting profitability.”
“We see great potential for a scalable partnership across multiple lines, leveraging Alta Signa’s approach of taking specialised underwriting expertise to local brokers in the European retail market. We are excited to support the next stage of the company’s development.”
Alta Signa Chief Executive Officer, Gerard Van Loon, said: “We are delighted to announce Alta Signa’s partnership with SiriusPoint. SiriusPoint’s investment will give us the financial support to fast track our growth, and create synergies that make sense for both partners.”
“We are excited to become a distribution partner for selected SiriusPoint insurance products – the potential to leverage SiriusPoint’s insurance licenses and balance sheet on a multi year basis is an attractive proposition for clients and brokers alike.”
“I look forward to working more closely with the SiriusPoint team and benefiting from their specialty insurance expertise and collective management experience.”
Earlier this month the company appointed Kanan Sheth as Vice President, Head of Claims for its Environmental/Construction Pollution & Professional team.
