SiriusPoint
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While attritional losses were up for the quarter, those in the carrier’s core business declined. -
Plus, the latest people moves and all the top news of the week.
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The company reported no cat losses but saw a jump in attritional losses.
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The MGA is also looking to build out its US mid-market professional liability expertise.
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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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Property MGA Arden Insurance Services specialises in multi-family habitations.
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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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SiriusPoint will provide 100% capacity for Pen’s international PI portfolio.
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Andrew Pryde succeeds Andreas Kull, who will stay on until September.
