Hedgehog Risk Secures Investment from SIG Insurance Holdings
- Editor
- Jan 28
- 2 min read
What's Happening: Hedgehog Risk, a leading provider of specialist sports and prize insurance, has announced that SIG Insurance Holdings, LLC, part of the Susquehanna International Group of Companies, has acquired a substantial interest in their company. This collaboration is expected to fuel growth across key markets and allow Hedgehog Risk to expand into new lines of business in the sports and entertainment insurance sectors.
The Key Moves:
SIG Insurance Holdings acquires a substantial stake in Hedgehog Risk, a specialist sports and prize insurance provider.
The investment will facilitate Hedgehog Risk's expansion in the UK and Europe, as well as collaboration with SIG Insurance's efforts in the United States.
Hedgehog Risk will develop deeper pricing capabilities across sports disciplines and increase capacity to cover larger, longer-term risks.
By The Numbers :
Hedgehog Risk was founded in 2013 and has been a prominent underwriter in London for Contractual Bonus and Prize Indemnity business.
Susquehanna, formed in 1987, is one of the largest proprietary trading firms globally with over 3,500 employees in more than 17 offices worldwide.
Hedgehog Risk operates internationally as a coverholder at Lloyd's, supporting a global client base.
Key Quotes:
"Our collaboration with SIG Insurance is a significant moment in our journey as it will help fuel growth across key markets and allow us to move into new lines of business in the sports and entertainment insurance sectors," said Luke de Rougemont, managing director of Hedgehog Risk.
"We're delighted to be working with the SIG Insurance team because ultimately it means we will be better able to meet the needs of our clients."
"As market specialists, they understand the niche financial risks associated with, incentivised contracts, sports performance, promotions, weather and prize-related contests, including lottery and gaming risks."
The Bottom Line: The investment by SIG Insurance Holdings in Hedgehog Risk represents a significant development in the specialist sports and prize insurance sector. This collaboration is set to enhance Hedgehog Risk's capabilities, allowing for expansion into new markets and the development of innovative insurance products. The move also highlights the growing interest of major financial players in niche insurance markets.
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