SiriusPoint signs partnership with UK MGU

Specialty re/insurer SiriusPoint has announced its second partnership with a managing general underwriter in a week.

Bermuda-based SiriusPoint announced it will partner with UK MGU Eaton Gate, which writes more than £100 million GWP through its group of managing general agents.

SiriusPoint said the partnership will be primarily focused on UK property casualty insurance business.

“Eaton Gate is the first MGA partnership to have emerged from SiriusPoint International’s new MGA Centre of Excellence, which was launched earlier in the year to deliver an efficient and collaborative onboarding experience for new MGA partners,” the company said.

Rob Gibbs (pictured), chief executive officer, SiriusPoint International, said: “Our partnership with Eaton Gate is a major first step in the delivery of our international strategy. I’m proud to see the SiriusPoint International MGA Centre of Excellence putting our plan into practice and collaborating across the global business to make it happen.”

Jonathan Matthews, group chief operating officer, Eaton Gate said: “The addition of a global partner like SiriusPoint to the Eaton Gate panel will support the next stage of our growth. Combining the strongest underwriting capacity available, and a senior management with blue-chip UK market pedigree, SiriusPoint will accelerate our strategy to service our national and selected regional broking partners and their customers with interesting and useful SME commercial and mid-market home underwriting capability.”

Aon played a key role as the broker for the partnership between SiriusPoint and Eaton Gate.

Eaton Gate was founded in 2016 by Gary Burke and specialises in UK mid-market commercial insurance.

SiriusPoint announced last week that it had agreed an exclusive partnership with Houston-based surety insurance MGA Applied Surety Underwriters.