SiriusPoint partners with Swedish MGA
SiriusPoint has formed a strategic partnership with Stockholm-based Nordic Marine Insurance.
The Bermudian-based global specialty re/insurer said the partnership with the company’s Stockholm-based underwriting team will primarily focus on writing hull and machinery, yacht owners’ charter cancellation and marine delay business.
SiriusPoint said its marine team works with both local and global marine insurers and brokers to deliver solutions to support client risk appetites and coverage requirements, while its marine reinsurance offering includes liability arising from maritime activity and coverage associated with the transportation of goods.
Founded in 2012, Nordic Marine provides niche insurance products to the global maritime industry and offers mainstream marine covers through its partnerships with major reinsurers.
It is the second managing general agent to have emerged through SiriusPoint International’s MGA Centre of Excellence, which launched this year to deliver a collaborative onboarding experience for new MGA partners.
Rob Gibbs, president and CEO, SiriusPoint International, said: “MGA distribution is a core part of SiriusPoint International’s growth strategy.
“We are delighted to have established a partnership with Nordic Marine, whose unrivalled and highly skilled underwriting expertise fits perfectly with our plans to grow the marine business across our international platform.
“It also aligns with our strategy to develop MGA partnerships based on risk appetite alignment and synergy with the company’s underwriting expertise, vision and values.”