SiriusPoint announce partnership with property casualty MGA Eaton Gate

In a significant move aimed at bolstering its presence in the UK property casualty insurance market, global specialty insurer and reinsurer SiriusPoint has unveiled a groundbreaking partnership with London-based Managing General Underwriter (MGU) Eaton Gate.

Eaton Gate writes in excess of £100 million GWP through its group of managing general agents (MGA) and is one of the largest MGU/MGAs in the UK. This alliance with SiriusPoint signifies a strategic step forward for both entities. 

At the heart of this partnership is a shared focus on the UK property casualty insurance landscape. The deal reinforces SiriusPoint’s highly targeted strategy to develop MGA partnerships based on income, risk appetite alignment and synergy with the company’s underwriting expertise, vision and values. 

Rob Gibbs, Chief Executive Officer, SiriusPoint International, said: “Our partnership with Eaton Gate is a major first step in the delivery of our international strategy. 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.” 

Jonathan Matthews, Group Chief Operating Officer, Eaton Gate said: “The addition of a global partner like SiriusPoint to the Eaton Gate panel will support the next stage of our growth. 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.”  

Aon played a key role as the broker for the partnership between SiriusPoint and Eaton Gate.

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Mark Dugdale