Hamilton, Bermuda (August 12, 2025) – SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced a new strategic partnership with Arden Insurance Services LLC (“Arden”), a leading commercial property managing general underwriter (MGU) in the United States.
SiriusPoint will provide capacity to Arden, which has launched a new wildfire exposed risks program that includes embedded parametric coverage. Arden’s new Consolidated Fire Insurance Policy (“CFIP”) will initially be offered in California with eventual expansion into other wildfire exposed states. The policy offers coverage alongside Arden’s existing all-risk offering.
Arden specializes in solutions for multi-family habitation risks with an in-force portfolio of more than 120,000 buildings insured. This class of business has been particularly affected by the market’s decision to eliminate or severely sub-limit wildfire coverage in all-risk policies in the regions West of the Rockies, where Arden operates.
Brian Cohen, Arden Insurance Services CEO & Co-Founder, said: “The recent LA wildfires further exacerbated the insurability crisis for properties located in wildfire exposed areas and CFIP provides comprehensive coverage for this underserved market. Our broker partners in California and other parts of the Western U.S. have been asking for a solution that would provide peace of mind in a distressed market. We are excited to partner with SiriusPoint to deliver for the industry.”
Patrick Charles, Head of North America Insurance at SiriusPoint said: “We’re proud to become a capacity partner to Arden, working together to meet critical market needs with a program that is both creative and impactful. Arden’s thoughtful program strategy, backed by a decade of proven success in this class of business, is filling a vital gap in an underserved segment. This partnership not only supports the insurance ecosystem but also contributes to the broader economic resilience of California."
Augment Risk facilitated the capacity deal between SiriusPoint and Arden.
Andrew Matson, Augment Risk CEO, added: “The Consolidated Fire Insurance Program offers an efficient, streamlined approach to wildfire insurance. The solution highlights how innovative capital structuring can accelerate the delivery of new risk transfer solutions. Augment Risk’s parametric and MGA teams worked alongside Arden and SiriusPoint to structure the capital framework supporting this program, and we are grateful to them for their trust throughout the process.”
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/
About Arden
Arden Insurance Services LLC is a tech-enabled managing general underwriter powered by human intelligence. The Company combines cutting-edge technology and data analytics with the expertise and acumen of its underwriting and product teams to drive exceptional results. The Company has been recognized for its innovative products and for delivering consistent underwriting profitability for its carrier and reinsurance partners. Based in Glendale, California, Arden operates in 11 U.S. states.