Latin American Accident Reinsurance Relationship
Sutton Reinsurance Underwriters Ltd (SRU) is pleased to announce an agreement with Sirius International Insurance to underwrite a portfolio of specialty reinsurance business. Effective immediately, Sutton Reinsurance Underwriters Ltd is exclusively authorized to provide specialized Accident, Health, and Life reinsurance coverage on behalf of Sirius in Latin America.
“We believe this business relationship will provide a significant addition to the accident reinsurance market,” said Greg Sutton, President & CEO of Sutton Reinsurance Underwriters Ltd. "To have an effective working relationship with a financially strong market leader like Sirius will further our continued objective to provide our customers with quality security.”
“Today's buyers of accident and health reinsurance will appreciate the financial strength and underwriting competence that this arrangement provides,” said Stuart Liddell, Senior Vice President, Sirius. “Sutton Reinsurance Underwriters Ltd. has a demonstrated longstanding record of underwriting discipline, skill and superior service to its reinsurance brokers and clients. Sutton Re has a long history of very profitable international reinsurance underwriting and more specifically, has personnel possessing the relevant cultural familiarity with Latin America and linguistic abilities both in Spanish and Portuguese.”
About Sirius International Insurance
Sirius Group is a wholly-owned subsidiary of White Mountains Insurance Group Ltd. Sirius International is a separately capitalized company within the White Mountains Group. It is a Swedish based company, the largest reinsurer in Scandinavia and is one of the leading reinsurers in Europe. It has branch offices in Australia, Bermuda, Copenhagen, Hamburg, Liege, London, Singapore and Zurich. Sirius International’s regulatory capital at December 31st 2010 was BUSD 1.9 and is rated A (Excellent) by A.M. Best.
About Sutton Reinsurance Underwriters, Ltd
Originally established in 1986, Sutton Reinsurance Underwriters Ltd is a privately owned Canadian company engaged solely in the business of providing specialized life, accident and health reinsurance products and related services. Sutton Reinsurance Underwriters Ltd has partnered with reinsurance supporters who are leaders in their industries and has built leadership positions in a number of accident and health reinsurance market segments.