McDermott Advises SiriusPoint in its Investment in and Partnership with Hestia Capital
International law firm McDermott Will & Emery represented SiriusPoint, the international specialty insurer and reinsurer, in its investment in and partnership with Hestia Capital, a Texas-based specialty (re)insurance intermediary and alternative asset advisory start-up. The partnership is the first to be announced by SiriusPoint since the carrier launched through the combination of Sirius Group and Third Point.
Transaction expands SiriusPoint’s ability to access alternative markets and Hestia’s creation of new risk management products.
The arrangement will see SiriusPoint provide (re)insurance paper and capacity for Hestia.
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