Tara Hill, part of the Cirrata Group, was founded to develop an E&S portfolio focusing on private Management Liability and Miscellaneous Professional Liability coverages for small to medium-sized risks. Cirrata Group has financial backing from Ambac Financial Group.
SiriusPoint provides a diverse range of insurance and reinsurance products to clients worldwide. The company primarily focuses on high-calibre partners to enhance its market position and expand its product portfolio.
Patrick Charles, (right) Head of North America, commented favourably on the partnership stating: “This is a great opportunity to work with a best-in-class programme administrator with expert knowledge of the D&O and E&O space.”
“With the financial backing of Ambac and the leadership of industry veteran Peter McKeegan, Tara Hill has the perfect platform on which to launch its new programme. Its focused appetite, disciplined underwriting approach, and experienced underwriting talent all complement SiriusPoint’s strategy and demonstrate the high calibre of the partners that we align ourselves with,” Charles added.
Peter McKeegan, (left) Founder and CEO of Tara Hill, commented: “We are looking forward to working with SiriusPoint. With SiriusPoint’s experience of working with both carrier divisions and MGAs, their backing will be a vital part of the execution of Tara Hill’s growth and profitability. We are excited to bring this new programme to the U.S. E&S sector alongside the complementary underwriting discipline and experience shared by the team at SiriusPoint.”
This move is expected to leverage SiriusPoint’s extensive experience in the insurance industry and Tara Hill’s specialised focus.
