SiriusPoint posts Q2 net loss of $61m
Bobby Heerasing, head of international strategic business development, SiriusPoint
SiriusPoint has announced a strategic partnership and investment with Alta Signa Holdings, a European managing general agent (MGA). SiriusPoint has been part of Alta Signa’s panel of A-rated capacity providers since January 2022.
Alta Signa, which is headquartered in Brussels, underwrites specialty insurance lines including management liability, professional indemnity, crime and cyber, focusing on corporate and financial institution clients.
The Alta Signa strategic partnership is part of SiriusPoint's strategy of growing its portfolio of MGA and insurance services businesses.
Bobby Heerasing, head of international strategic business development at SiriusPoint, said: “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, added: “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.”
SiriusPoint, Alta Signa