Bermuda-domiciled insurer and reinsurer SiriusPoint has strategically collaborated with New York-based human and social service managing general underwriter (MGU), Irwin Siegel Agency (ISA), part of the Ryan Specialty family, to launch a new casualty and excess programme.
The pair’s latest launch will provide solutions for social and human services companies, including community action agencies, emergency and homeless shelters, job counselling and training centres, and outreach programs, amongst others. The programme is exclusively accessed through wholesale distribution.
For nearly six decades, ISA’s team has been underwriting property and casualty insurance products and providing risk management solutions to human and social service organizations.
The MGU specializes in developmental disability organizations, addiction treatment, behavioural and mental healthcare, and youth programs. ISA’s operations are part of Ryan Specialty Underwriting Managers, the underwriting management specialty of Ryan Specialty.
Patrick Charles, Head of North America Insurance at SiriusPoint, commented, “The launch of a new Casualty and Excess programme will not only deliver innovative insurance and risk management solutions to a gap in the market, but will fill a distinct need in the human and social services space. We look forward to a successful collaboration with ISA.”
Shawn Yingling, Chief Executive Officer at Ryan Specialty National Programs, added, “We are excited to collaborate with SiriusPoint to launch this new strategic initiative. SiriusPoint has a notable reputation for individualised support in the MGA space, providing specialist expertise and paper to service niche sectors.
“They are an optimal trading partner. This new initiative will enhance our ability to remain focused on our one primary goal, to provide innovative insurance and risk management solutions to those serving our society’s most vulnerable.”
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