McDermott Will & Emery represented SiriusPoint in the transaction.
SiriusPoint, the international specialty insurer and reinsurer, executed its investment in and partnership with Hestia Capital, a Texas-based specialty (re)insurance intermediary and alternative asset advisory start-up. The partnership is the first to be announced by SiriusPoint since the carrier launched through the combination of Sirius Group and Third Point.
Transaction expands SiriusPoint’s ability to access alternative markets and Hestia’s creation of new risk management products.
The arrangement will see SiriusPoint provide (re)insurance paper and capacity for Hestia.
The McDermott team was led by Michael Halsband (Picture) and included Ellie West and Chris Marshall.
Law Firms: McDermott Will & Emery;