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SiriusPoint joins forces with marine MGA
Specialty re/insurer SiriusPoint has further bolstered its expansion into marine underwriting with a new strategic partnership with a managing general agency.
The re/insurer said it would provide capacity to Hellenic Hull Management, a marine hull and machinery underwriter in Greece and Cyprus.
“The partnership with Hellenic Hull offers us a fantastic opportunity to continue to build strong, long-lasting partnerships with expert managing general agents in the Marine space,” said Steve Smyth, SiriusPoint’s Global Head of Marine. “We feel we can support and empower an experienced partner like Hellenic Hull to thrive in a marketplace where it has a long history and proven track record.
“At SiriusPoint we want to work with experienced, ambitious MGAs, helping them to excel by understanding and identifying exactly the right type of support they need from us to reach their ambition.”
Hellenic Hull is a leading marine insurance management company in Greece and Cyprus for all types of vessels, SiriusPoint said.
SiriusPoint will provide paper to HMA to underwrite a targeted portfolio of high-quality hull and machinery risks, and ancillary covers. SiriusPoint has a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.
“We are excited to announce our partnership with SiriusPoint, introducing the company to the major shipping clusters of Greece and Cyprus. SiriusPoint’s presence across Continental Europe is coupled with its growing marine offering, and its approach to empowering MGA partners,” said Ilias Tsakiris, CEO, Hellenic Hull Management and chair of the Ocean Hull Committee of the International Union of Marine Insurance.
“The experience of the team, the strength of SiriusPoint’s paper, and the individualized support it provides our business, will be key factors in the growth and success of our company. We look forward to a strong, enduring relationship with SiriusPoint.”
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