SiriusPoint Ltd, the Bermudian-headquartered global specialty insurer and reinsurer, and specialty insurance provider NIP Group have announced a strategic partnership to form a new Excess and Surplus programme underwriting platform.

SiriusPoint and NIP said they would initially leverage their combined strengths to foster innovation within NIP’s LandPro programme, the national insurance programme for landscapers.

They said this collaboration aimed to cater to the unique requirements of top landscaping companies in the United States, with all-year services including landscape construction and snow removal.

Following this initial launch, NIP and SiriusPoint intend to apply their solutions across other NIP programmes on a targeted basis, further elevating NIP’s product offering.

NIP and SiriusPoint said they would harness their collective strengths in the specialty insurance market, including the ability to combine capabilities of admitted, E&S, and alternative risk segments with disciplined programme underwriting.

The new platform is designed to support NIP’s portfolio of more than 25 programmes by tailoring solutions to address the more complex and emerging needs of its programme business.

Patrick Charles, head of North America Insurance at SiriusPoint, said: “We are looking forward to working with NIP, which has a strong reputation for creating successful programmes within niche markets in the US.

“This strategic partnership represents a continuation of our commitment to achieving sustainable underwriting profitability by building relationships with programmes that align with our specialisms and risk appetite.

“I’m pleased that the stability and expertise we offer in the programme space is continuing to attract high calibre programme administrators such as NIP.”

Tom Doherty, SVP of National Programs at NIP, said: “This partnership allows us to offer comprehensive solutions across our admitted, E&S, and alternative risks underwriting platforms to our specialty broker network.

“By combining these underwriting capabilities with our integrated wholesale team, we can provide brokers with sophisticated solutions through a single, streamlined relationship.”