SME-focused US insurtech Joyn Insurance has officially begun underwriting its E&S general liability (GL) offering on SiriusPoint paper with a panel of reinsurers led by RenaissanceRe and is aiming to add excess liability coverage from 1 December, The Insurer understands.
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New managing general agencies are leveraging technology to disrupt the status quo in commercial lines for small and midsize businesses and specialty lines for consumers with some entirely new entrants, like Joyn, and others linked to well-known brand names, like Berkshire-Hathaway and Chubb.
Delaware-based InsurTech Joyn has confirmed investment from SiriusPoint, as the two firms announced a strategic partnership targeting the small and mid-market US commercial insurance space.
Seraina Macia-led insurtech MGA Joyn is close to finalising strategic carrier capacity ahead of a planned spring 2021 launch after a process that has seen it consider several other options including a fronted facility supported by reinsurers, The Insurer understands.
Seraina Macia's new InsurTech start-up Joyn expects to launch in “spring 2021” with a small and middle market commercial insurance platform.