SiriusPoint and NIP will initially leverage their combined strengths to foster innovation within NIP’s LandPro program, the premier national insurance program for landscapers. This collaboration aims 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 programs on a targeted basis, further elevating NIP’s product offering.

NIP and SiriusPoint will 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 program underwriting. The new platform is designed to support NIP’s portfolio of over 25 programs by tailoring solutions to address the more complex and emerging needs of its program 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 programs within niche markets in the US. This strategic partnership represents a continuation of our commitment to achieving sustainable underwriting profitability by building relationships with programs that align with our specialisms and risk appetite. I’m pleased that the stability and expertise we offer in the program space is continuing to attract high caliber program administrators such as NIP.”

Tom Doherty, SVP of National Programs at NIP, expressed enthusiasm about the partnership to develop a new E&S platform, leveraging SiriusPoint’s expertise and speed to take advantage of favorable market conditions: “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.”

“Our research shows that insurance organizations are juggling an average of five different technology solutions that power various aspects of their business. This approach creates data silos, holding them back from making better business decisions. It’s why 75% of these businesses say they will change their insurance management technology by 2025,” said Eric Ayala, Managing Director of Americas for Novidea. “We’re honored to be the insurance management platform of choice for Atlantic as they continue to streamline efficiencies and deliver a world-class customer experience.”

Novidea experts will be demonstrating the platform’s value and capabilities at this year’s Target Markets event.