Eaton Gate seals SiriusPoint partnership

Tie-up the first under new initiative

Eaton Gate seals SiriusPoint partnership

Insurance News

By Terry Gangcuangco

London-based managing general underwriter Eaton Gate has become a partner of SiriusPoint International.

In SiriusPoint’s announcement, the specialty (re)insurer said: “Eaton Gate is the first MGA (managing general agent) partnership to have emerged from SiriusPoint International’s new MGA Centre of Excellence, which was launched earlier in the year to deliver an efficient and collaborative onboarding experience for new MGA partners.

“The approach mirrors the company’s North American structure and enables operational efficiencies and access to expertise across the company’s global platform, allowing partners to benefit from the ‘one SiriusPoint’ ethos.”

According to Eaton Gate group chief operating officer Jonathan Matthews, adding a global partner to their panel will support the next stage of Eaton Gate’s growth. It was noted that the partnership will primarily focus on UK property & casualty insurance.

“Combining the strongest underwriting capacity available, and a senior management with blue-chip UK market pedigree, SiriusPoint will accelerate our strategy to service our national and selected regional broking partners and their customers with interesting and useful SME commercial and mid-market home underwriting capability,” Matthews commented.

Through its group of MGAs, Eaton Gate writes in excess of £100 million in gross written premium.

SiriusPoint International chief executive Rob Gibbs had this to say: “Our partnership with Eaton Gate is a major first step in the delivery of our international strategy. I’m proud to see the SiriusPoint International MGA Centre of Excellence putting our plan into practice and collaborating across the global business to make it happen.

“Thank you to everyone who has worked so hard to support this next stage of our growth. I look forward to seeing the international business continue to evolve with expert partners such as Eaton Gate, and our MGA Centre of Excellence go from strength to strength.”

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