Specialty reinsurer SiriusPoint has joined forces with Irwin Siegel Agency (ISA), a New York-based managing general underwriter specialising in human and social services.
The partnership will see SiriusPoint and ISA jointly launch a new casualty and excess programme tailored for companies in the social and human services sector.
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This includes community action agencies, emergency and homeless shelters, job counselling and training centres, outreach programmes and similar organisations.
The programme will be exclusively available through wholesale distribution, according to the company.
SiriusPoint head of North America Insurance Patrick Charles said: “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.”
Operating under Ryan Specialty Underwriting Managers, ISA underwrites property and casualty insurance for human and social service organisations, focusing on risk management.
Ryan Specialty National Programs CEO Shawn Yingling stated: “We are excited to collaborate with SiriusPoint to launch this new strategic initiative. SiriusPoint has a notable reputation for individualised support in the MGA [managing general agent] 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.”
ISA specialisation encompasses developmental disability organisations, addiction treatment, behavioural and mental healthcare, as well as youth programmes.
In February, SiriusPoint appointed James Anderson from EY as its new global chief pricing actuary, effective 12 May 2025.
In February, SiriusPoint finalised a financial transaction involving the repurchase of all common shares and warrants previously held by CM Bermuda.
The buyback, valued at $733m, was initially announced in January.
