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June 2, 2022

SiriusPoint makes strategic investment in Samos Insurance

Specialty re/insurer SiriusPoint has made an undisclosed investment in managing general agent (MGA) platform Samos Insurance.

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How attractive are current investment opportunities in Europe?

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Samos is engaged in offering risk management and Accident Death and Dismemberment (AD&D) insurance solutions. 

The MGA was established as the ‘first on-demand’ AD&D insurance for elective surgeries in the US and Canada to provide cover in case of accidental death during surgery.

Samos’ offering covers planned surgeries such as heart surgery, caesarean sections, joint replacement, and cancer diagnostic procedure. 

SiriusPoint US head of accident & health Tom Leonardo said: “The company offers a tech-based insurance and risk management product that deals with a real problem faced by many people going into hospital.”

The policies cover the insured from admission to discharge and will be offered via urgent care and hospitals for the accident-based offerings. 

SiriusPoint chief operating officer and president of insurance & services Prashanth Gangu said: “Samos is a technology-based MGA which launched with a unique and client-focused product. This kind of pioneering, solution-based insurance is a perfect fit for SiriusPoint’s partnership and investment profile.”

Samos founder and CEO Eric Blondee said: “We are delighted to have SiriusPoint as an investor. They will be able to support the company and help direct the product and the process – getting our services to the people that need it the most. SiriusPoint will be fundamental in our growth process.” In April this year, SiriusPoint invested in insurance technology company Broker Buddha.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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