SiriusPoint and Stockholm-based Managing General Underwriter (MGU) Ryan Specialty Nordics AB (“Ryan Specialty Nordics”), have today announced a new strategic trading partnership.
SiriusPoint will support Ryan Specialty Nordics as it offers insurance coverage for onshore windfarms, primarily in Sweden, and a package for small to medium-sized enterprises, which includes commercial property and legal liability. SiriusPoint will provide paper and will be the sole risk carrier for these insurance products.
Rob Gibbs, President & CEO, SiriusPoint International, said: “Ryan Specialty Nordics’ niche underwriting expertise and local knowledge will strengthen SiriusPoint’s presence in the region. We are pleased to support this new program at a time of increased focus from the Swedish Government on renewables and a drive towards greater windfarm utilization. The deal also demonstrates a continuing diversification of our portfolio in Stockholm and aligns with our strategy to develop MGA partnerships based on risk appetite alignment and synergy with the company’s underwriting expertise, vision and values…”
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