Hedgehog Risk secures investment from SIG Insurance to expand in UK & Europe

SIG Insurance, part of the Susquehanna, a global quantitative trading and investment firm, has acquired a significant stake in Hedgehog Risk, a provider of specialist sports and prize insurance.

According to the announcement, SIG Insurance’s investment will facilitate Hedgehog Risk’s expansion across the UK and Europe, allowing the firm to broaden its offerings and solidify its position in the market.

“This broader platform will allow Hedgehog Risk to develop a deeper and wider-ranging pricing capability across all sports disciplines. It will also increase the capacity to cover larger and longer-term risks and provide them the ability to structure new products with creative solutions,” the firm stated.

Since its launch in 2013, Hedgehog Risk has been amongst the most prominent group of underwriters in London for all Contractual Bonus and Prize Indemnity business.

It specialises in working with sponsors, teams, and agencies to structure and insure performance bonus incentives in player and team contracts. The firm also provides coverage for performance-linked revenues and promotions tied to sporting events.

Hedgehog Risk’s direct market access to global specialty re/insurance markets allow for a proactive and consultative approach.

The firm not only covers risk but also helps shape the structure of deals to maximize client benefit, thanks to its ability to underwrite in-house.

The collaboration with SIG Insurance will enhance Hedgehog Risk’s pricing capabilities across various sports disciplines, increase capacity to cover larger and longer-term risks, and facilitate the development of new products with creative solutions.

Luke de Rougemont, managing director of Hedgehog Risk, commented: “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. 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.”

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