Global specialty re/insurer SiriusPoint and program administrator ProVerity Underwriters have strategically partnered to develop customized solutions for the professional liability market.
Founded in 2023, Philadelphia domiciled ProVerity combines its underwriting experience and expertise in complex risks to provide specialty products to underserved areas of professional liability business.
Products include miscellaneous professional, architects and engineers, and excess professional.
Patrick Charles, Head of North America Insurance, SiriusPoint, commented: “Our partnership with ProVerity will significantly strengthen our footprint in the professional liability space.
“ProVerity’s underwriting expertise, vision and values, and its commitment to sustainable underwriting throughout hard and soft market cycles supports SiriusPoint’s strategy to work with programs that align with our risk appetite, growth plans, and specialisms.”
Marc Garganigo, Managing Director, ProVerity Underwriters, added: “I am thrilled to have SiriusPoint as our carrier partner. Its financial strength, commitment to professional lines, and alignment with ProVerity’s underwriting approach are pivotal factors to our success as we enter the professional liability space.”
