Article ID: d8654e929b1c96b11d37bc7e1d6ffe0a270fff5d7728080650421991d8bd721b
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
URL: https://www.reinsurancene.ws/sands-point-risk-acquires-launch-environmental-underwriters/
Body Text
Sands Point Risk, an insurance platform focused on supporting opportunities for managing general underwriters, has acquired Launch Environmental Underwriters, expanding its platform in high-growth specialty insurance markets. Launch Environmental Underwriters is a specialised provider of environmental liability insurance solutions, focusing on complex risks in the energy, infrastructure, construction, chemical, M&A, and industrial sectors. Through this acquisition, Launch Environmental will serve as the cornerstone of Sands Point’s environmental practice, enhancing its capabilities in a sector experiencing sustained demand and increasing complexity. With the addition of Launch Environmental, Sands Point’s combined gross written premium (GWP) will surpass $250 million. The acquisition further strengthens Sands Point’s position in the MGA space and reinforces its strategy of expansion into high-growth insurance verticals. In addition to the environmental programme, the company is launching new programmes in Political Violence and Terrorism (PVT), Aviation, and Directors and Officers (D&O) liability, broadening its programme offering and market reach. Sands Point currently has underwriting programmes in Representations & Warranties, Tax Liability, Construction, and Medical Stop Loss. The transaction also provides Launch Environmental with the resources to grow within a dynamic organisation that shares its core values, a strong track record of underwriting performance, market-leading loss ratios, and an established presence among retail and wholesale brokers.
Metadata (JSON)
{
"score": 3.433333333333333
}