SiriusPoint Ltd., a global insurer and reinsurer specialising in niche markets, and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership.
HMA has been influential in the Greek and Cypriot shipping sectors for the past 30 years. It is noteworthy for being the first marine MGA to implement the United Nations’ Principles for Sustainable Insurance.
Steve Smyth, Global Head of Marine of SiriusPoint, commented: “The partnership with Hellenic Hull offers us a fantastic opportunity to continue to build strong, long-lasting partnerships with expert managing general agents (MGA) in the Marine space.”
Symth continued: “We feel we can support and empower an experienced partner like Hellenic Hull to thrive in a marketplace where it has a long history and proven track record.
“At SiriusPoint we want to work with experienced, ambitious MGAs, helping them to excel by understanding and identifying exactly the right type of support they need from us to reach their ambitions.”
Under this partnership, SiriusPoint will supply underwriting capacity for a targeted portfolio of high-quality hull and machinery risks, as well as related coverages. SiriusPoint is rated A- (Excellent) by AM Best, S&P, and Fitch, and A3 by Moody’s.
“We are excited to announce our partnership with SiriusPoint, introducing the company to the major shipping clusters of Greece and Cyprus. SiriusPoint’s presence across Continental Europe, is coupled with its growing marine offering, and its approach to empowering MGA partners,” added Ilias Tsakiris, CEO, Hellenic Hull Management and Chair of the Ocean Hull Committee of the International Union of Marine Insurance.
“The experience of the team, the strength of SiriusPoint’s paper, and the individualised support it provides our business, will be key factors in the growth and success of our company. We look forward to a strong, enduring relationship with SiriusPoint.”
The collaboration with HMA is part of SiriusPoint’s broader strategy, which includes recent Marine MGA partnerships and investments to enhance its global marine team.
