New strategic partnership for SiriusPoint – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

New strategic partnership for SiriusPoint

First Prev 1 2 3 Next Last

Bermudian-headquartered global specialty re/insurer SiriusPoint Ltd has announced a strategic partnership with Players Health, an amateur sports insurance and risk-management platform.

SiriusPoint said it was one of the lead investors in Minneapolis-based Players Health’s latest funding round which raised $28 million.

The investment takes SiriusPoint’s strategic partnerships to more than 30 as it expands its portfolio of partnerships with managing general agents and technology-driven insurance services companies.

In addition to investment, SiriusPoint said, it is providing Players Health with fronting and underwriting capacity, offering a combination of property and casualty and accident and health coverages.

“We are delighted to partner with Players Health — a company responding to the needs of young athletes by putting their safety and wellbeing first,” said Prashanth Gangu, chief operating officer and president of insurance and services at SiriusPoint.

“Players Health uses technology to allow sports organisations and athletes to instantly assess risks. We see enormous potential and value in the Players Health platform and feel great about aligning SiriusPoint with Players Health’s goal of creating the safest environment possible for kids to play the sports they love.”

Founded in 2016, Players Health uses cutting-edge technology, unique data insights, and risk management, along with a comprehensive suite of insurance products, to offer protection to amateur athletes, coaches, staff, volunteers and the organisations that run sports bodies.

The investment will allow Players Health to further its mission to make insurance and risk management easier and more accessible to amateur sports organisations, allowing them to improve how they protect their athletes.

“We are delighted to have SiriusPoint on board as investors in Players Health,” said Tyrre Burks, Players Health founder and chief executive officer.

“Players Health is at a pivotal point in its ambitious growth trajectory, and we are grateful to have pioneering investors in SiriusPoint who value innovation and creating best-in-class businesses.

“I look forward to working with the SiriusPoint team and the opportunities the partnership will bring.”

Naveen Anand, Players Health group president, added: "We are helping make a positive impact on the youth sports market at a critical moment for athlete safety.

“The support of our partners will enable us to continue to bridge the gap between risk management and insurance through intuitive, accessible technology partnered with a comprehensive suite of insurance products.”

Prashanth Gangu, chief operating officer and president of insurance and services at SiriusPoint (File photograph)
Tyrre Burks, Players Health founder and chief executive officer
Naveen Anand, Players Health group president

You must be Registered or to post comment or to vote.

Published March 24, 2022 at 7:47 am (Updated March 24, 2022 at 7:47 am)

New strategic partnership for SiriusPoint

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon