SiriusPoint has today announced a new strategic partnership with Arden Insurance Services LLC, a leading commercial property managing general underwriter in the United States.
SiriusPoint will provide capacity to Arden, which has launched a new wildfire exposed risks program that includes embedded parametric coverage. Arden’s new Consolidated Fire Insurance Policy will initially be offered in California with eventual expansion into other wildfire exposed states. The policy offers coverage alongside Arden’s existing all-risk offering.
Brian Cohen, Arden Insurance Services CEO & Co-Founder, said: “The recent LA wildfires further exacerbated the insurability crisis for properties located in wildfire exposed areas and CFIP provides comprehensive coverage for this underserved market. Our broker partners in California and other parts of the Western U.S. have been asking for a solution that would provide peace of mind in a distressed market. We are excited to partner with SiriusPoint to deliver for the industry.”
Click here to read our press release in full on the Investor Relations website.
