SiriusPoint partners with ProVerity Underwriters
Specialty insurer SiriusPoint is partnering with program administrator ProVerity Underwriters.
Based in Philadelphia and founded in 2023, ProVerity provides specialty products to “underserved areas” of professional liability business. Products include miscellaneous professional, architects and engineers, and excess professional.
As a provider of capacity, SiriusPoint will work closely with ProVerity to develop customized solutions for the professional liability market.
“Our partnership with ProVerity will significantly strengthen our footprint in the professional liability space. ProVerity’s underwriting expertise, vision and values, and its commitment to sustainable underwriting throughout hard and soft market cycles supports SiriusPoint’s strategy to work with programs that align with our risk appetite, growth plans, and specialisms.” – Patrick Charles, head of North America Insurance, SiriusPoint.
“I am thrilled to have SiriusPoint as our carrier partner. Its financial strength, commitment to professional lines, and alignment with ProVerity’s underwriting approach are pivotal factors to our success as we enter the professional liability space.” – Marc Garganigo, managing director, ProVerity Underwriters.