SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance coverage have introduced a brand new strategic partnership.
Based in 2012, Nordic Marine is a managing normal agent that gives area of interest insurance coverage merchandise to the worldwide maritime business and provides mainstream marine covers by means of its sturdy partnerships with main reinsurers.
It’s the second MGA to have emerged by means of SiriusPoint Worldwide’s MGA Centre of Excellence, which launched this 12 months to ship a collaborative onboarding expertise for brand spanking new MGA companions.
The partnership with SiriusPoint’s Stockholm-based underwriting workforce will primarily give attention to writing hull & equipment (H&M), yacht homeowners constitution cancellation, and marine delay enterprise.
SiriusPoint’s marine workforce works with each native and international marine insurers and brokers to ship options to help shoppers’ danger appetites and protection necessities, whereas its Marine Reinsurance providing contains legal responsibility arising from maritime exercise and protection related to the transportation of products.
“MGA distribution is a core a part of SiriusPoint worldwide’s progress technique. We’re delighted to have established a partnership with Nordic Marine, whose unmatched and extremely expert underwriting experience matches completely with our plans to develop the marine enterprise throughout our worldwide platform,” commented Rob Gibbs, president & CEO, SiriusPoint Worldwide.
“It additionally aligns with our technique to develop MGA partnerships primarily based on danger urge for food alignment and synergy with the corporate’s underwriting experience, imaginative and prescient and values,” he added.
“I’m notably proud that SiriusPoint Worldwide’s MGA Centre of Excellence has efficiently onboarded a brand new skilled companion that can strengthen our distribution, worldwide profile and international footprint,” Gibbs stated.
“We’re very happy to have agreed a partnership with a serious international re/insurer of SiriusPoint’s stature and energy. SiriusPoint’s rising marine capabilities and capability, mixed with our extremely area of interest marine underwriting information and expertise, will allow us to give attention to offering custom-made insurance coverage options in our core markets around the globe,” in keeping with Dan Lennhammer, managing director, Nordic Marine Insurance coverage.
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