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SiriusPoint announces new partnership with Holmes Murphy MGA division

HAMILTON, Bermuda. March 19, 2025 – SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, announced today a new strategic partnership with one of the largest independent insurance brokerages in the United States, Holmes Murphy.

SiriusPoint has partnered with Holmes Murphy and its wholly owned subsidiary and managing general agent (MGA), Innovative Program Solutions (“IPS”), to launch a new umbrella excess insurance product exclusively tailored to captives managed by Holmes Murphy and its subsidiary companies. As a carrier partner, SiriusPoint will write this umbrella excess line for captive members on a non-admitted basis.

“The captive insurance market is experiencing significant growth and transformation, partly driven by the desire for businesses to better manage their risk exposure,” said Patrick Charles, Head of North America Insurance at SiriusPoint. “Through this relationship, IPS and Holmes Murphy are offering companies access to a unique captive insurance solution that creates greater control and opportunity.

“At SiriusPoint, our aim is to broaden our MGA partner portfolio by working with ambitious partners and helping them excel through long-term collaborations. We believe Holmes Murphy is one of the best organizations for captive business in the market and we look forward to partnering with its expert team to serve its growing customer base.”

“Umbrella/excess coverage is a critical need for organizations forced to find ways to address this area of continuously increasing costs,” said Tim Anders, President of IPS. “We are excited to launch this program with SiriusPoint as they bring a wealth of expertise, a proven track-record, and a talented team into this partnership. The collaboration between IPS, SiriusPoint, and multiple Holmes Murphy subsidiaries will deliver solutions for our best-in-class brokerage partners and high-quality, risk-aware insureds.”

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 approximately $2.7 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/.

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