By Rebecca Delaney
Jan 27 - (The Insurer) - European MGA Alta Signa has added Westfield Specialty International to its capacity panel, adding an additional €5mn ($5.24mn) of capacity for both D&O and financial institutions risks.
Headquartered in Brussels, Alta Signa is active in the European Economic Area and Switzerland across branch offices in seven countries.
The addition of Westfield Specialty International to its independent insurance capacity panel will enhance Alta Signa’s ability to underwrite D&O and financial institutions insurance risks across the EEA region and in Switzerland.
With €5mn D&O capacity and €5mn FI capacity added to the existing panel, Alta Signa’s insurance panel now includes Aviva, Axeria, Markel, SiriusPoint, Sompo and a trio of Lloyd’s syndicates (Aspen, Newline and Westfield Specialty International).
Gerard van Loon, CEO of Alta Signa, commented: "The addition of Westfield Specialty International to our panel is a significant milestone in Alta Signa’s journey to provide comprehensive and competitive insurance solutions in the specialty market.
"Westfield Specialty International’s expertise and robust capacity will complement our existing offerings and reinforce our ability to meet the evolving needs of brokers and clients across the EEA region and CH. We look forward to a productive partnership built on shared values of collaboration, integrity, and entrepreneurship."
James Johnston, management liability class underwriter at Westfield Specialty International, said: "We are excited to join Alta Signa’s independent capacity panel and bring our expertise to support their D&O and financial institutions portfolios across the EEA region and Switzerland. Together, we aim to provide brokers and policyholders with unparalleled access to robust and reliable coverage options."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.