SiriusPoint Ltd, the Bermudian-based global specialty insurer and reinsurer, and Euclid Security Programs LLC, a boutique managing general underwriter specialising in security industry risks, have announced a strategic partnership.

SiriusPoint will become the sole carrier partner for Euclid Security’s Liability programme, which covers security services, alarm services and fire suppression protection.

Through the programme, Euclid Security will underwrite commercial general liability and excess liability risks within the US market.

“Euclid Security has a proven track record in the security space, with a clearly defined scope to provide protection and underwriting expertise for niche risks,” said Patrick Charles, head of North America Insurance at SiriusPoint.

“This is a great opportunity to work with a best-in-class MGU, with unrivalled expertise, on a programme led by an experienced and talented underwriting team.

“Our partnership reflects SiriusPoint’s sustained commitment to working with high-calibre administrators with expert knowledge in their specialisms that align with SiriusPoint’s risk appetite.”