SiriusPoint partners with MGA for property owners program in the Republic of Ireland

SiriusPoint partners with MGA for property owners program in the Republic of Ireland | Insurance Business New Zealand

Reinsurance

SiriusPoint partners with MGA for property owners program in the Republic of Ireland

Collaboration to bring new capacity in the Irish market

Reinsurance

By
Kenneth Araullo

Global specialty re/insurer SiriusPoint and Service First Insurance, a managing general agent (MGA) providing insurance solutions for the commercial and business markets in Ireland, have announced a strategic partnership on a property owners program.

The distribution partnership with SiriusPoint will enable Service First to underwrite commercial property risks up to €10 million. As part of the collaboration, Service First will manage all aspects of the insurance lifecycle, from underwriting to claims, in partnership with SiriusPoint.

“We are excited to be working in partnership with Service First in the Irish market,” said Rob Gibbs (pictured above), president and CEO of SiriusPoint International. “The team’s offering is strengthened by local knowledge and existing relationships in the market with brokers, customers and businesses, and their focus on providing a technology-led, underwriting-first service for customers aligns with SiriusPoint’s business strategy.”

Padraig Lynch, CEO of Service First, also commented that the partnership with SiriusPoint will bring new capacity into the Irish insurance market.

“Service First recognizes the need for efficient technology and platforms that guarantee a smoother and more efficient experience for our broker partners and customers. We are looking forward to combining Service First’s local knowledge with the global skillset of the SiriusPoint team, to bring a unique solution to the market,” Lynch said.

Earlier this month, SiriusPoint also announced a strategic partnership with excess and surplus program administrator Tara Hill Insurance Services to enhance its liability portfolios.

“This is a great opportunity to work with a best-in-class program administrator with expert knowledge of the D&O and (errors and omissions) space,” said Patrick Charles, head of North America insurance at SiriusPoint.

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