SiriusPoint to expand inland marine presence

Bermuda-based SiriusPoint plans to expand its growth in the inland marine re/insurance segment by joining forces with a leading US insurance programme manager. 

The specialty re/insurer has partnered with Distinguished Programs for its Inland Marine insurance programme.

It will offer tailored coverage for a focused segment of Inland Marine exposures, such as Motor Truck Cargo and Transportation, Contractors’ Equipment, Builders’ Risk, and more. To furnish a comprehensive solution tailored to contractors and logistics providers, ancillary coverages such as Rigging Liability, Installation, and relevant Commercial property will also be incorporated into the product offering. Coverage will be available nationwide and backed by SiriusPoint, an “A-“ rated carrier.

"Our mission is to deliver efficiency and customization in Inland Marine insurance, with our expert team on hand to help brokers secure the right coverage for their clients,” said Eric Michel, President of the Inland Marine group at Distinguished. "Our partnership with SiriusPoint is key to this endeavor, amplifying our support for agents and brokers nationwide. Together, we're dedicated to offering expert guidance, ensuring peace of mind for clients.”

Patrick Charles, Head of North America Insurance at SiriusPoint, said: “We are excited to continue our partnership with Distinguished, and to work with a team that we know and trust. Marine is a growth area for SiriusPoint, and this partnership with Distinguished supports our aim to partner with best-in-class program administrators in this product area.”

"Our Inland Marine team's wealth of knowledge positions us as leaders in the industry," said Stephen Sitterly, Chief Operating Officer at Distinguished. “With SiriusPoint, we're able to harness this expertise to deliver cutting-edge solutions that set a new standard for excellence.”

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