The investment is set to accelerate Hedgehog Risk’s expansion across the UK and Europe, bolstering its market presence and service offerings.
According to the company, the partnership will enable Hedgehog Risk to enhance its pricing capabilities across various sports disciplines, increase capacity for covering larger and longer-term risks, and introduce innovative insurance solutions.
“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 company stated.
Founded in 2013, Hedgehog Risk has become a leading underwriter in London for Contractual Bonus and Prize Indemnity insurance. The firm specialises in structuring and insuring performance bonus incentives for sponsors, teams, and agencies, offering coverage for performance-linked revenues and promotions tied to sporting events.
With direct market access to global specialty re/insurance markets, Hedgehog Risk takes a consultative approach to risk management, structuring deals to maximize client benefits while underwriting in-house.
Luke de Rougemont, Managing Director of Hedgehog Risk, welcomed the investment, highlighting its role in driving the firm’s growth. “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,” de Rougemont said. “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.”
The investment marks a strategic step for Hedgehog Risk as it continues to expand its footprint and innovate within the specialist insurance sector.