SiriusPoint has announced today a new strategic partnership with one of the largest independent insurance brokerages in the United States, Holmes Murphy.
SiriusPoint has partnered with Holmes Murphy and its wholly owned subsidiary and managing general agent, Innovative Program Solutions (IPS), to launch a new umbrella excess insurance product exclusively tailored to captives managed by Holmes Murphy and its subsidiary companies. As a carrier partner, SiriusPoint will write this umbrella excess line for captive members on a non-admitted basis.
“Umbrella/excess coverage is a critical need for organizations forced to find ways to address this area of continuously increasing costs,” said Tim Anders, President of IPS. “We are excited to launch this program with SiriusPoint as they bring a wealth of expertise, a proven track-record, and a talented team into this partnership. The collaboration between IPS, SiriusPoint, and multiple Holmes Murphy subsidiaries will deliver solutions for our best-in-class brokerage partners and high-quality, risk-aware insureds.”
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