Program managers and managing general agents are an important part of the SiriusPoint strategy. We value our capacity partnerships and aim to further develop these relationships to leverage underwriting expertise and distribution channels.
SiriusPoint became a partner to long-standing MGA, Distinguished Programs in early 2022. Since that time, SiriusPoint’s Environmental team has been integrated into Distinguished, and the partnership between the two organizations has continued to strengthen. Both companies are committed to providing innovative solutions and achieving growth in the environmental market, with SiriusPoint providing both paper and a multi-year commitment of capacity.
Patrick Charles, SiriusPoint Head of North America Insurance, said: “The team at Distinguished are experts in the environmental space, with a solid track record of success. We are very pleased with the continuation of our relationship with Distinguished, which affords us access to the rapidly evolving environmental market through a best-in-class team we know and trust. Distinguished’s Environmental business aligns well with the SiriusPoint distribution and underwriting strategy and MGA partnership approach. We are delighted to be able to offer the highest quality service and new solutions to Environmental clients via Distinguished.”
Distinguished’s Environmental and Construction Professional Program is designed to protect businesses in the event of unique environmental and professional exposures. With tailored, solution-driven underwriting, and flexible payment options, Distinguished offers up to $25 million capacity. It also provides in-house claims handling solutions and 24/7 emergency support to its customers, complementing SiriusPoint’s customer-focused ethos.
Commenting on our programs business, CEO Scott Egan said, “Our distribution and program business is substantial and there are great opportunities for us to grow that. Many of the programs come to us because they believe we can add value to their business and help them grow, as well as bring deep expertise in their areas of specialism. We are more than a paper and capital provider.”
You can find out more about our partnership with Distinguished, here. Details about the MGA partnerships consolidated into our Company accounts – Alta Signa, Arcadian Risk Capital, ArmadaCare, Banyan Risk, and International Medical Group (IMG) – are also available in our annual report, here.