Joyn transitions policy management to SiriusPoint

On November 1, 2024, Joyn Insurance announced that management of existing policies effective 11/1/24 will transition to SiriusPoint Specialty Insurance Corporation.

All current policies remain active until their expiration date, with non-renewal notices sent in line with state regulations. Xceedance will manage billing inquiries, endorsements, and other administrative tasks. For claims handling, SiriusPoint will continue servicing all claims, supported by Xceedance and Sedgwick .

Joyn Insurance, founded in 2020, is a New York-based provider of commercial insurance for small and middle-market risks. The company developed Spark , an underwriting and policy administration system designed specifically for middle-market commercial lines of business. In January 2023, the company raised nearly $18 million in a Series A funding round with participation from investors including Avanta Ventures, Cohen Circle, ManchesterStory Group, OMERS Ventures, and SiriusPoint. Notably, Avanta Ventures, the venture capital arm of CSAA Insurance Group, has since ceased operations.

The MGA is led by co-founder and CEO Seraina Macia, who previously led Blackboard Insurance, the technology-driven subsidiary of AIG that was placed into run-off in mid-2020.

LinkedIn data shows that Joyn experienced a 23% reduction in its workforce over the past year, decreasing from 34 to 27 employees.