SiriusPoint Ltd announced a strategic partnership and investment with AltaSigna Holdings.
A spokeswoman said: “Sirius Point Ltd, a global professional and reinsurance company, has announced a strategic partnership and investment with AltaSigna Holdings, Managing General Agent of Europe. [MGA] Specializes in financial and professional liability insurance.
Established in 2019, AltaSigna is headquartered in Brussels and headquartered in Continental Europe. The company focuses on corporate and financial institution clients, including management responsibility, professional compensation, crime and cyber. SiriusPoint has been part of Alta Signa’s A Rated Capacity Providers Panel since January 2022, and this expanded relationship forms a scalable strategic partnership. “
Bobby Heerasing, Head of International Strategic Business Development at SiriusPoint, said: Alta Signa has an experienced and talented leadership team with a solid track record of deep insurance relationships and underwriting profitability.
“By leveraging AltaSigna’s approach of providing professional underwriting expertise to local brokers in the European retail market, we see great potential for scalable partnerships across multiple lines. We are pleased to be able to support the next stage of. “
Gerard Van Loon, CEO of AltaSigna, has 30 years of experience in the European insurance industry and said: SiriusPoint’s investment provides financial support to quickly track our growth and create meaningful synergies for both partners.
“We are excited to be a sales partner for the SiriusPoint insurance products of our choice. The possibility of leveraging SiriusPoint’s insurance licenses and balance sheets on a multi-year basis is appealing to both clients and brokers. It’s a suggestion. We look forward to working more closely with the SiriusPoint team and benefiting from their professional insurance expertise and collective management experience. “
“Alta Signa’s strategic partnership is part of Sirius Point’s strategy to expand its portfolio of MGA and insurance services businesses,” a spokeswoman said.
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