SiriusPoint announces new partnership with Holmes Murphy MGA division

U.S. Markets via PUBT

HAMILTON, Bermuda. March 19, 2025 - SiriusPoint Ltd. ("SiriusPoint") (NYSE: SPNT), a global specialty insurer and reinsurer, announced today a new strategic partnership with one of the largest independent insurance brokerages in the United States, Holmes Murphy.

SiriusPoint has partnered with Holmes Murphy and its wholly owned subsidiary and managing general agent (MGA), Innovative Program Solutions ("IPS"), to launch a new umbrella excess insurance product exclusively tailored to captives managed by Holmes Murphy and its subsidiary companies. As a carrier partner, SiriusPoint will write this umbrella excess line for captive members on a non-admitted basis.

"The captive insurance market is experiencing significant growth and transformation, partly driven by the desire for businesses to better manage their risk exposure," said Patrick Charles, Head of North America Insurance at SiriusPoint. "Through this relationship, IPS and Holmes Murphy are offering companies access to a unique captive insurance solution that creates greater control and opportunity.

"At SiriusPoint, our aim is to broaden our MGA partner portfolio by working with ambitious partners and helping them excel through long-term collaborations. We believe Holmes Murphy is one of the best organizations for captive business in the market and we look forward to partnering with its expert team to serve its growing customer base."

"Umbrella/excess coverage is a critical need for organizations forced to find ways to address this area of continuously increasing costs," said Tim Anders, President of IPS. "We are excited to launch this program with SiriusPoint as they bring a wealth of expertise, a proven track-record, and a talented team into this partnership. The collaboration between IPS, SiriusPoint, and multiple Holmes Murphy subsidiaries will deliver solutions for our best-in-class brokerage partners and high-quality, risk-aware insureds."

About SiriusPoint

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm, and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $2.7 billion total capital, SiriusPoint's operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody's. For more information, please visit https://www.siriuspt.com/.

About Holmes Murphy

"Caring for Your Unique Potential is Our Soul Purpose." That statement is the core of how Holmes Murphy does business. The company asks the tough questions, avoids the easy path, believes fully in caring for the unique challenges of its clients, and leverages its greatest assets - the hearts and minds of its people - to advocate on behalf of its clients. That's Holmes Murphy's approach to risk management and benefits consulting, and it's worked for the company since its inception in 1932. As one of the nation's largest independent insurance brokerages, Holmes Murphy serves clients in every industry and of almost every size, with the ultimate goal of providing exceptional service and caring for its clients' unique potential.

https://www.holmesmurphy.com/

About Innovative Program Solutions (IPS)

Innovative Program Solutions (IPS) is a full-service Managing General Agent (MGA) practice focused on designing specialized insurance programs to help businesses in targeted industries drive down expenses and loss ratios with custom solutions created by industry experts who have decades of experience. IPS values agent expertise and relationships and strives to identify an accurate alignment of risk and offer programs designed to solve unique challenges. The company works with a variety of carriers and brokers to provide best-in-class programs tailored to the unique needs of its partners. IPS is led by Tim Anders, a highly respected and successful insurance industry veteran with more than 35 years of experience in underwriting, new program development, program management, and leadership. IPS is part of the Holmes Murphy PLUS family of subsidiary brands.

Forward-Looking Statements
We make statements in this press release that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of general economic conditions and conditions affecting the insurance and reinsurance industry; the adequacy of our reserves; fluctuation in the results of operations; pandemic or other catastrophic event; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving retuon investment and difficulty in liquidating the investment; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations; trends in insured and paid losses; regulatory and legal uncertainties; and other risk factors described in SiriusPoint's Annual Report on Form 10-K for the period ended December 31, 2024.

Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events, or other circumstances after the date of this press release.

Contacts

Investor Relations
Liam Blackledge, SiriusPoint

[email protected]

+44 203 772 3082

Media
Sarah Hills, Rein4ce
[email protected]
+44 7718 882011

Attachments

Disclaimer

SiriusPoint Ltd. published this content on March 19, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on March 19, 2025 at 20:17:17.050.