SiriusPoint, Vouch partner on underwriting

SiriusPoint Ltd. said Friday it would enter into a strategic partnership with online broker Vouch Insurance Services LLC under which SiriusPoint will provide multiyear underwriting capacity to Vouch and invest in the company’s Series C funding round.

Vouch provides coverages to startup companies including business property, general liability, directors and officers, employment practice liability, cyber coverage, and a new “Work from Anywhere” policy launched in response to new working practices brought on by the pandemic.

Prashanth Gangu, chief operating officer and president, insurance and services, at Bermuda-based specialty insurer and reinsurer SiriusPoint, said startups play a critical role in the U.S. economy.

Sam Hodges, CEO and co-founder of Vouch, said the multiyear underwriting capacity and investment from SiriusPoint will allow Vouch to “scale up.”