Player’s Health raises financing round to transform the sports insurance market and amplify its mission of making youth sports safer for all athletes
Minneapolis, MN (June 6, 2022) – Player’s Health is pleased to announce the launch of its Managing General Agent (MGA) with additional underwriting capacity from SiriusPoint. This endeavor marks the latest growth milestone for the innovative sports platform focused on risk management and insurance capabilities in the rapidly expanding world of youth sports. This capacity is in addition to the previously announced capacity with Greenlight RE/ State National.
The Players Health MGA and ongoing partnership with SiriusPoint enable Players Health to further develop its resources and fulfill its mission to provide the safest and most accessible environments for youth athletes to play the sports that they love.
“We are excited to broaden our capabilities and product suite with the support of SiriusPoint” said Jayson DeMarco, Head of MGA-US and VP, underwriting. The company also announced the launch of its new user-friendly portal for select agencies to facilitate the digital placement of their business.
“Our aligned strategy with our capacity providers is an exciting opportunity for Players Health to expand our product offering and increase our capabilities,” said Naveen Anand, Group President of Players Health.
In addition to supporting a broad range of amateur sports classes, Players Health MGA will be one of the first agencies to allow brokers to place fitness business through a user-friendly digital portal. With the additional underwriting capacity in place, Players Health will also be developing other innovative products to facilitate the growth of the business and its portfolio.
About Player’s Health
Headquartered in Minneapolis, Minnesota, Player’s Health is a sports services organization that provides digital risk management services and reporting tools to sports organizations to comply with the changing athletic environment and responsibilities. Player’s Health works towards establishing the safest environment for athletes and views the health and safety of athletes as a priority in today’s sports landscape. This requires creating and maintaining products that provide a circle of care for safety, trust, accountability, and accessibility for athletes. In doing so, Player’s Health is a company where the mission drives the business and creates an environment where fun and peace of mind lives in sports. For more information, visit playershealth.com.
SiriusPoint (NYSE: SPNT) is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices in New York, London, Stockholm and other locations around the world, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and technology-driven insurance services companies within our Insurance & Services division. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, visit www.siriuspt.com.
Source: Player’s HealthTags: InsurTech, InsurTech Spotlight, launch, MGA, Player's Health