SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has announced a strategic partnership and investment with Alta Signa Holdings (Alta Signa), a European Managing General Agent (MGA) specializing in financial and professional lines insurance.
Founded in 2019, Alta Signa is headquartered in Brussels with a branch network across Continental Europe. The company underwrites specialty insurance lines including Management Liability, Professional Indemnity, Crime, and Cyber, focusing on corporate and financial institution clients. SiriusPoint has been part of Alta Signa’s panel of A-rated capacity providers since January 2022, and this expanded relationship sees the formation of a scalable strategic partnership.
“We are very pleased to add Alta Signa to our portfolio of strategic partnerships,” said Bobby Heerasing, Head of International Strategic Business Development at SiriusPoint. “Alta Signa has an experienced and highly qualified leadership team, with deep insurance relationships and a proven track record of delivering underwriting profitability. We see great potential for a scalable partnership across multiple lines, leveraging Alta Signa’s approach of taking specialized underwriting expertise to local brokers in the European retail market. We are excited to support the next stage of the company’s development.”
Alta Signa Chief Executive Officer, Gerard Van Loon, who has 30 years of experience in the European insurance industry, commented:
“We are delighted to announce Alta Signa’s partnership with SiriusPoint. SiriusPoint’s investment will give us the financial support to fast track our growth, and create synergies that make sense for both partners. We are excited to become a distribution partner for selected SiriusPoint insurance products – the potential to leverage SiriusPoint’s insurance licenses and balance sheet on a multi year basis is an attractive proposition for clients and brokers alike. I look forward to working more closely with the SiriusPoint team and benefiting from their specialty insurance expertise and collective management experience.”
The Alta Signa strategic partnership is part of SiriusPoint’s strategy of growing its portfolio of MGA and insurance services businesses.