SRS Altitude, a managing basic underwriter (MGU) primarily based in Europe and a part of Strategic Danger Options, Inc., has introduced a partnership with Generali World Company & Business, offering entry to insurance coverage and reinsurance capital, in addition to a worldwide footprint and technical experience.
SRS Altitude was launched final yr as a Zurich-headquartered MGU via which SRS would provide a spread of other danger switch options, together with structured insurance coverage or reinsurance and parametric danger switch.
The newly introduced strategic partnership with Generali World Company & Business (Generali GC&C) will allow SRS Altitude to faucet into the devoted insurance coverage and reinsurance capability of the European big, whereas additionally benefiting from its international attain and technical excellence.
The purpose is to work collectively to originate, tailor, and supply a various vary of ART options to company shoppers and their captives, SRS defined.
“Our mixed strengths enable us to ship supreme experience and capital to shoppers, catering to their distinctive wants,” defined Loredana Mazzoleni Neglén, CEO of SRS Altitude. “This collaboration empowers SRS Altitude’s dedication to innovation and excellence within the discipline of Various Danger Switch.”
“Partnering with SRS Altitude presents a big long-term alternative to leverage our international experience and finest in school companies for our shoppers,” added Christian Kanu, Generali World Company & Business CEO. “We look ahead to working along with SRS Altitude to ship cutting-edge ART merchandise to a wider shopper viewers.”
The partnership is an additional sign of the urge for food giant international insurance coverage group Generali has for various danger switch.
Do not forget that Generali established a partnership with parametric specialist Descartes Underwriting in 2020, because the pair regarded to develop new parametric insurance coverage options to actively reply to an evolving international danger panorama.
As we reported in 2023 as effectively, Generali has also formalised the structure of a Parametrics practice within its Global Corporate & Commercial (GC&C) arm.
This partnership with SRS Altitude offers one other route for Generali GC&C to precise its urge for food and experience in various danger switch options and is an entry level to the structured options market for the corporate.
Generali GC&C stated, “Due to the strategic partnership with SRS Altitude, Europe’s first Managing Common Underwriter specialised in Various Danger Switch (ART), Generali GC&C is getting into the Structured (Re)insurance coverage options phase inside the ART market.
“This partnership will improve the ART & Captive choices inside GC&C.”
