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Trecia Sigle joins SiriusPoint as Global Head of Claims
31st January 2023
Bermuda-headquartered re/insurer SiriusPoint has appointed Trecia Sigle as Global Head of Claims, effective February 6, 2023. Within this role, she will report to Patrick Charles - Global Head of Property and Casualty (P&C) Insurance & Services. As Global Head of Claims, Sigle will hold responsibility for the overall management and strategic direction ... Read the full article
SiriusPoint names Maddie Morris Underwriter, Energy & Marine Liability
26th January 2023
Global specialty re/insurer SiriusPoint has appointed Maddie Morris as an Underwriter in its Energy & Marine Liability team. Morris holds almost a decade of experience in Marine & Energy Liability underwriting, joining SiriusPoint from Munich Re Syndicate. In her new role, Morris will oversee the growth and refinement of the firm's Marine ... Read the full article
SiriusPoint teams with Distinguished Programs on environmental insurance
20th January 2023
National insurance program manager, Distinguished Programs has entered into a partnership with SiriusPoint Ltd., to expand into Environmental, Construction Pollution and Professional Insurance. Under the agreement, SiriusPoint's Environmental team, which is led by Doug Stepenosky, will move to Distinguished. However, business will continue to be written on SiriusPoint paper per a multiyear ... Read the full article
A complicated and challenging 2023 for reinsurers: SiriusPoint’s Chester
4th January 2023
Reinsurers are to face a complicated and challenging 2023 with increasing uncertainty, warned Ari Chester, SiriusPoint’s Head of US and Canada Reinsurance, in an interview with Reinsurance News. According to Chester, while reinsurance supply remains very competitive, dynamics are shifting, like in the property markets. Additionally, he noted, with the prospect ... Read the full article
Jan 1st reinsurance renewal season is an “epiphany”, says SiriusPoint’s Ari Chester
23rd December 2022
With the upcoming 1/1 reinsurance renewals looming closer, SiriusPoint’s Head of US and Canada Reinsurance, Ari Chester, spoke to Reinsurance News about the renewal season and the firm's outlook. “This renewal season is an epiphany, a sudden awareness that insurance balance sheets need to be compensated for property volatility. And it’s ... Read the full article
SiriusPoint adds Rob Gibbs to senior international leadership team
8th December 2022
SiriusPoint has appointed Rob Gibbs as president of its international business as well as CEO of SiriusPoint International Insurance Corporation. Gibbs is set to join the company next week and, based in London, will be responsible for driving growth, development, and profitability within SiriusPoint’s international platform. He will be responsible for the ... Read the full article
We need to be disciplined & nimble in our approach to the market: SiriusPoint’s Scott Egan
10th November 2022
SiriusPoint’s CEO Scott Egan has said that the firm must be disciplined in its risk appetite and nimble in its approach to the market as it looks to restructure its underwriting platform following a net loss of $98 million for the Q3 period. SiriusPoint reported an underwriting loss of $47m ... Read the full article
SiriusPoint shuts offices in property cat restructure, after Q3 loss
3rd November 2022
SiriusPoint has announced plans to close three offices from which it underwrites property catastrophe reinsurance and reduce its footprint in two more, as it looks to restructure its underwriting platform following a net loss of $98 million for the Q3 period. The company reported an underwriting loss of $47 million for ... Read the full article
SiriusPoint appoints Steve Yendall to CFO role
13th October 2022
Bermuda-based specialty insurer and reinsurer SiriusPoint has appointed Steve Yendall to be its new chief financial officer. The firm said in a statement that Yendall is moving over from Guy Carpenter in Canada and North America where he was managing director. Prior to that, he was CFO and COO at RSA ... Read the full article
SiriusPoint names Bobby Heerasing Active Underwriter of Lloyd’s Syndicate 1945
26th September 2022
Global specialty re/insurer SiriusPoint has announced that Bobby Heerasing has been appointed Active Underwriter of Lloyd’s Syndicate 1945, effective from September 1st, 2022. Heerasing joined SiriusPoint in October of 2021 and holds over 25 years of market experience. He was previously CEO of Asia Capital Re and a Board member of ACR ... Read the full article
SiriusPoint announces partnership with Workers’ Comp MGA Insurate
22nd September 2022
Global specialty re/insurer SiriusPoint and Insurate Inc, a newly launched Managing General Agent (MGA), have announced a partnership aimed to improve workers’ compensation insurance, Insurate’s specialisation. According to the announcement, SiriusPoint will provide capacity and collaborate with the MGA in underwriting and developing insurance products in the workers’ compensation medium to ... Read the full article
SiriusPoint names RSA’s Scott Egan as CEO
7th September 2022
Bermuda-based specialty insurer and reinsurer, SiriusPoint, has named Scott Egan, formerly of RSA UK & International, as its new Chief Executive Officer (CEO). Egan, most recently the CEO of RSA UK & International, and a FTSE 100 board director for six years, takes on the CEO role at SiriusPoint on September ... Read the full article
Arch, RenRe, and SiriusPoint well capitalised, says Fitch
18th August 2022
The re/insurers Arch, RenaissanceRe (RenRe), and SiriusPoint are well capitalised despite varying in financial performance, says a new note from Fitch Ratings. Fitch Ratings said that the combined ratios for RenaissanceRe and SiriusPoint improved in 1H22 following elevated levels over the last several years from heightened catastrophe losses and pandemic claims ... Read the full article
SiriusPoint names Phil Wooldridge Head of London US Casualty
17th August 2022
Global specialty re/insurer, SiriusPoint, has appointed Phil Wooldridge as Head of London US Casualty. Based in London, Wooldridge will start his new role on September 5 and will be reporting to Head of London and International Casualty, Nick Pascall. He brings more than 25 years of experience in the US Casualty markets, ... Read the full article
SiriusPoint sees $142mn net investment loss in Q2
4th August 2022
SiriusPoint Ltd. has reported a net investment loss of $142 million in the second quarter of 2022, taking the company’s total net investment loss for 1H22 to $347 million. At the same time, the company reported a core income of $20 million for the quarter, which included an underwriting income of ... Read the full article