SiriusPoint
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The MGA is also looking to build out its US mid-market professional liability expertise. -
The carrier has renewed and extended its capacity arrangement with the MGA.
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The ratings agency cited a reduction in exposure to nat cat risk as a reason for the change.
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The company will continue its capacity partnership with the MGA until 2030.
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The company has also expanded its relationships with US and UK MGAs.
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The carrier also benefitted from favourable reserve development in property and A&H.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
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Philip Enan joins following 11 years at Chubb.
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Space pricing experienced double-digit increases after the 2023 capacity retreat.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change.
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ISA is part of Ryan Specialty National Programs, which launched last month.
