SiriusPoint Announces New Partnership with Hellenic Hull
HAMILTON, Bermuda. July 29, 2024 – SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, and Hellenic Hull Management (“HMA”), a marine hull and machinery underwriter in Greece and Cyprus, have today announced a strategic partnership.
HMA is a leading marine insurance management company for all types of vessels. It has been at the forefront of the shipping industry in Greece and Cyprus for the last 30 years and was the first marine MGA to embrace the United Nation’s Principles for Sustainable Insurance. SiriusPoint will provide paper to HMA to underwrite a targeted portfolio of high-quality hull and machinery risks, and ancillary covers. SiriusPoint has a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.
“The partnership with Hellenic Hull offers us a fantastic opportunity to continue to build strong, long-lasting partnerships with expert managing general agents (MGA) in the Marine space,” said Steve Smyth, SiriusPoint’s Global Head of Marine. “We feel we can support and empower an experienced partner like Hellenic Hull to thrive in a marketplace where it has a long history and proven track record.
“At SiriusPoint we want to work with experienced, ambitious MGAs, helping them to excel by understanding and identifying exactly the right type of support they need from us to reach their ambitions,” Mr. Smyth added.
“We are excited to announce our partnership with SiriusPoint, introducing the company to the major shipping clusters of Greece and Cyprus. SiriusPoint’s presence across Continental Europe, is coupled with its growing marine offering, and its approach to empowering MGA partners,” said Ilias Tsakiris, CEO, Hellenic Hull Management and Chair of the Ocean Hull Committee of the International Union of Marine Insurance. “The experience of the team, the strength of SiriusPoint’s paper, and the individualized support it provides our business, will be key factors in the growth and success of our company. We look forward to a strong, enduring relationship with SiriusPoint.”
The partnership with HMA coincides with other recent SiriusPoint Marine MGA partnerships announced over recent months and the investment made by SiriusPoint to strengthen its international marine team.
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 over $3.0 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 Hellenic Hull
Hellenic Hull Management (HMA) is a pioneering marine insurance management company, incorporated in Cyprus on February 1, 1994, as a private limited liability company under Cyprus Companies Law. For the past three decades, HMA has been at the forefront of the marine insurance industry, leveraging extensive market knowledge and technical expertise, supported by a global network of brokers. Since 2016, we have partnered with an International Group P&I Club. Our unique brand differentiation marketing strategy emphasizes the credibility, stability, and reputation of our capital and capacity providers. Over the last 30 years, we have successfully secured approximately $400 million in Gross Written Premiums and settled claims totaling over $270 million. For more information please visit: https://hma.com.cy/.
