SiriusPoint partners with LimitFi

Specialty re/insurer SiriusPoint has announced a multi-year underwriting capacity partnership and a strategic investment in Limit Financial, a managing general agent specialising in credit re/insurance.

The partnership provides LimitFi with committed capacity to execute credit insurance and SiriusPoint with access to credit insurance opportunities underwritten through its platform. LimitFi will provide an end-to-end solution including origination, analysis and management of all policies.

“We are thrilled to announce our partnership with LimitFi,” said SiriusPoint COO and president of insurance and services, Prashanth Gangu. “Credit insurance is an increasingly important product for many counterparties. We see a significant opportunity to capitalise on the rapidly growing market need for non-payment insurance that is not currently being met.”

Adam Budnick, co-founder of LimitFi, said: “LimitFi is committed to delivering value to (re)insurers by providing a platform that results in better risk-taking, more diversified exposures and enhanced profitability for our partners,” said. “This new partnership will play an integral role in LimitFi delivering on its mission.”