SiriusPoint launches strategic partnership with E&S programme administrator
Bermuda-based SiriusPoint has entered into a strategic partnership with an excess and surplus programme administrator which is a subsidiary of Ambac Financial.
The specialty re/insurer said Tara Hill Insurance Services offers private management liability and miscellaneous professional liability coverages for small to medium sized risks. Tara Hill is a newly launched division of Cirrata Group, the insurance distribution division of Ambac Financial Group.
“This is a great opportunity to work with a best-in-class programme administrator with expert knowledge of the D&O and E&O space,” said Patrick Charles, Head of North America Insurance at SiriusPoint. “With the financial backing of Ambac and the leadership of industry veteran Peter McKeegan, Tara Hill has the perfect platform on which to launch its new program. Its focused appetite, disciplined underwriting approach, and experienced underwriting talent all complement SiriusPoint’s strategy and demonstrate the high caliber of the partners that we align ourselves with.”
Peter McKeegan, founder and chief executive officer of Tara Hill, said: "We are looking forward to working with SiriusPoint.
“With SiriusPoint’s experience of working with both carrier divisions and MGAs, their backing will be a vital part of the execution of Tara Hill’s growth and profitability. We are excited to bring this new program to the US E&S sector alongside the complementary underwriting discipline and experience shared by the team at SiriusPoint.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
