HAMILTON, Bermuda. Monday 7th August, 2023 – SiriusPoint
Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and
reinsurer, and Eaton Gate, a London-based Managing General Underwriter (MGU), have today announced a new
partnership. 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.
The partnership will be primarily focused on UK property casualty insurance business. 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.
Eaton Gate is the first MGA partnership to have emerged from SiriusPoint International’s new MGA Centre of
Excellence, which was launched earlier in the year to deliver an efficient and collaborative onboarding experience
for new MGA partners. The approach mirrors the Company’s North American structure and enables operational
efficiencies and access to expertise across the Company’s global platform, allowing partners to benefit from
the ‘one SiriusPoint’ ethos.
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’m proud to see the SiriusPoint International
MGA Centre of Excellence putting our plan into practice and collaborating across the global business to make it
happen. Thank you to everyone who has worked so hard to support this next stage of our growth. 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.
Contacts
Investor Relations
Dhruv Gahlaut, SiriusPoint
dhruv.gahlaut@siriuspt.com
+44 7514 659 918
Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44
7718882011
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 Managers within our Insurance & Services
segment. 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. For more information, please visit www.siriuspt.com.
About Eaton Gate
Founded in 2016 by serial entrepreneur Gary Burke, EGV is a managing general underwriter (MGU) specialising in UK
mid-market commercial insurance. Its well-recognised and highly experienced executive team have created an exciting
and unique offering akin to a virtual insurer. It has quickly gained traction in the market and is regularly writing
policies in excess of £50,000 p.a.
Forward-Looking Statements
We make statements in this press release that are forward-looking statements within the meaning of
the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe
harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements
involve risks and uncertainties that could cause actual results to differ materially from those contained in the
forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of general
economic conditions and conditions affecting the insurance and reinsurance industry; the adequacy of our reserves;
fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19
outbreak; uncertainty of success in investing in early-stage companies, such as the
risk of loss of an initial investment, highly variable returns on investments, delay in receiving
return on investment and difficulty in liquidating the investment; the costs, expense and
difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance
Group, Ltd.; our ability to assess underwriting risk, trends in rates for property and casualty insurance and
reinsurance, competition, investment market and investment income fluctuations; trends in insured and paid losses;
regulatory and legal uncertainties; and other risk factors described in SiriusPoint’s Annual Report on Form
10-K for the period ended December 31, 2022. Except as required by applicable law or regulation, we disclaim any
obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions
or factors, or new information, data or methods, future events, or other circumstances after the date of this press
release.