SiriusPoint, a global specialty re/insurer, has announced a strategic alliance with Ryan Specialty Nordics AB, a Managing General Underwriter (MGU) based in Stockholm. The partnership aims to deliver insurance solutions for onshore windfarms in Sweden and comprehensive packages for Small and Medium Enterprises (SMEs), covering commercial property and legal liability. Notably, SiriusPoint will serve as the sole risk bearer for these products.
"We are enthusiastic about supporting this new program, particularly given the Swedish government's emphasis on renewables and the growing utilization of windfarms," stated Gibbs. "This collaboration diversifies our portfolio in Stockholm and aligns with our strategy of partnering with MGAs that share our risk appetite and underwriting expertise."
Ryan Specialty Nordics, a subsidiary of Ryan Specialty Group, operates as a specialty MGU representing Lloyd's of London syndicates and company markets. With a local team in Stockholm, the company specializes in niche underwriting within the Nordic and EEA regions.
"We eagerly anticipate partnering with SiriusPoint on this new initiative. Their financial stability and market expertise will facilitate our expansion into renewable energy offerings across the Nordics," commented Jan Hallberg, Director of Ryan Specialty Nordics.
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