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SiriusPoint extends industrial partnership with Banyan Danger

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SiriusPoint extends industrial partnership with Banyan Danger

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SiriusPoint extends industrial partnership with Banyan Danger | Insurance coverage Enterprise America















Collaboration will go on for 3 extra years

SiriusPoint extends commercial partnership with Banyan Risk


Insurance coverage Information

By
Kenneth Araullo

Specialty insurer SiriusPoint has introduced an extension of its partnership with Bermuda-based managing normal agent (MGA) Banyan Danger.

This strategic transfer marks the initiation of a three-year extension to their industrial relationship, culminating within the full switch of possession from SiriusPoint again to the unique founders.

The collaboration between SiriusPoint and Banyan was first established in July 2021 when Banyan was based by co-chief government officers Tim Usher-Jones and Peter Horrobin, with a transparent imaginative and prescient for growing possession by its founders.

“I’m delighted that we have now prolonged our partnership with Banyan. Our partnership represents the continuation of a long-term relationship that displays our shared plans and cultural match. The deal we’re asserting as we speak is in step with our deal with decreasing our fairness investments in MGAs however persevering with to stay a robust distribution companion to those that align with our threat urge for food, progress plans and specialisms. Banyan’s credentials imply we’re excited to proceed to be a robust underwriting companion to them over the approaching years,” SiriusPoint CEO Scott Egan stated.

“We’re happy to be persevering with our relationship with SiriusPoint, an affirming message that can speed up our progress. SiriusPoint has been key in enabling us to execute on our technique and deal with our data-rich and tech-enabled capabilities. Anticipate large information forward as we increase into different geographies and product strains within the subsequent yr. We’ll proceed to succeed by constructing sturdy relationships with companions like SiriusPoint that share our best-in-class ethos and worth the experience and strategy we convey to making sure our shoppers’ wants are met – swiftly, effectively and creatively,” Usher-Jones stated.

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