Arden’s Consolidated Fire Insurance Policy (CFIP) will initially launch in California, with plans to expand into other wildfire-prone states. Designed to complement Arden’s existing all-risk offering, the policy targets properties in high-risk wildfire zones, an area where coverage options have become increasingly scarce.

Arden CEO and Co-Founder Brian Cohen said the recent Los Angeles wildfires “further exacerbated the insurability crisis for properties located in wildfire exposed areas,” adding that CFIP “provides comprehensive coverage for this underserved market” and responds to demand from broker partners seeking “peace of mind in a distressed market.”

Specializing in multi-family habitation risks, Arden currently insures more than 120,000 buildings across its in-force portfolio.

SiriusPoint’s Head of North America Insurance, Patrick Charles, described the partnership as a way to “meet critical market needs with a program that is both creative and impactful.” He said Arden’s program strategy, “backed by a decade of proven success in this class of business,” is “filling a vital gap in an underserved segment” while also contributing “to the broader economic resilience of California.”