SIG Insurance buys significant stake in Hedgehog Risk

The funds from will support expansion efforts

SIG Insurance buys significant stake in Hedgehog Risk

Insurance News

By Josh Recamara

Hedgehog Risk, a provider of specialist sports and prize insurance, has announced the SIG Insurance Holdings LLC, a part of Susquehanna International Group of Companies, has acquired a significant stake in the company. 

Since its founding in 2013, Hedgehog Risk has been a leading underwriter in London for contractual bonus and prize indemnity business. The firm works with sponsors, teams, and agencies to structure and insure performance bonus incentives in player/team contracts, protect performance-linked revenues, and provide coverage for promotions tied to sporting events. It operates internationally to support global clients. The company provides services that address niche financial risks associated with incentivized contracts, sports performance, promotions, weather and prize-related contests, including lottery and gaming risks. 

Hedgehog Risk operates as a direct market with access to global specialty (re)insurance markets.  

“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.” 

In addition to supporting Hedgehog Risk’s efforts in the United States, the funding from SIG Insurance will aid the company’s expansion in the UK and Europe.  

The broader platform will enhance Hedgehog Risk’s pricing capabilities across all sports disciplines, increase its capacity to cover larger and longer-term risks, and allow the development of new products. 

Susquehanna is a proprietary trading firm that is also active in institutional sales, global private equity and sports analytics. Its subsidiary, SIG Insurance, owns various insurance-related entities across the value chain. 

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