SiriusPoint

The hire follows the addition of former Berkshire Hathaway executive Michael Densham to expand the MGA’s Canadian operations.

In his new role at the specialist D&O MGA, Densham will report to Banyan founder and CEO Tim Usher-Jones.

The transaction grants SiriusPoint direct access to the life (re)insurance market in Canada.

Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.

LuckyTruck aims to expand across the US and solidify partnerships with MGAs, carriers and trucking groups.

The carrier will make takeout offers to a selection of Citizens’ customers.

In an interview with Inside P&C, Prashanth Gangu also argued that InsurTechs should stay private for as long as possible, and InsurTech MGAs should not rush to transition to full stack until they prove that their business models work.

Based in Zurich, Kull will oversee SiriusPoint’s risk management strategy.

The partnership will provide LimitFi with capacity to provide credit insurance, and SiriusPoint with immediate access to credit insurance opportunities.

The (re)insurer remains committed to cutting volatility and adjusting its risk profile by moving to specialty segments and repricing businesses where margins are inadequate.

The (re)insurer’s combined ratio spiked to 152% after taking $132mn in losses from the European floods and $100mn in claims from Hurricane Ida.

The speciality insurer is also providing multi-year capacity and paper to the climate risk shop.