Sirius strikes aviation partnership with MGA Elseco
Bermuda-based Sirius International Insurance Group has entered into a strategic long-term partnership with specialty MGA Elseco, covering airlines, aerospace and general aviation.
The partnership will see Sirius join elseco's aviation platform enabling its team to gain underwriting insights and efficiencies.
Elseco Aviation uses a combination of big data analysis and real time pricing analysis to optimise underwriting performance.
Monica Cramér Manhem, president of global reinsurance of Sirius Group, said: “We have been following the growth of elseco Aviation and its drive and commitment to provide a new type of leadership within Aviation insurance.
"We believe that joining the elseco platform provides us with an efficient way to not only optimize our portfolio spread and gain market relevance but also benefit from years of investments and experience of elseco and its technology platforms. The long-term nature of our partnership is reflective of the confidence we have in elseco’s systems, internal processes and underwriting discipline.”
Laurent Lemaire, founder and CEO of elseco, said: “This is an extremely exciting time in the development of elseco Aviation. Our strategic partnership with Sirius Group allows us to provide our clients with long term commitments which are becoming more and more important in the current world situation.
"We strongly believe that systems and data will be the next competitive advantage and we look forward to accelerating our tech journey innovating and launching better products for our insured clients together with our strategic partners ATOM technologies and Sirius Group.”
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze