SiriusPoint, a specialty insurer and reinsurer, has announced changes to its business structure, which will now operate through four business areas: Global P&C Programs, Global Reinsurance, Global Accident & Health, and a London Market Specialty division, which includes Lloyd’s.
The new Global P&C Programs division will combine SiriusPoint’s existing North America and International Programs businesses into a single unit. Led by Patrick Charles, Global Head of P&C Programs, the division reflects the company’s commitment to the programs space and aims to further strengthen its offerings to clients and distribution partners globally.
Leaders of SiriusPoint’s London Casualty, Energy, Property, and Marine offerings will form part of the new London Market Specialty division, which will be led by David Govrin, President, in addition to his current responsibilities as CEO Global Reinsurance.
The London Market Specialty division underscores the strategic importance of SiriusPoint’s London platform, including Syndicate 1945, and highlights the company’s commitment to growing its specialty business in London.
Meanwhile, there will be no changes to SiriusPoint’s Global Reinsurance and Global Accident & Health businesses.
Scott Egan, Chief Executive Officer of SiriusPoint, said, “These changes are a natural evolution of SiriusPoint as we build on the significant progress made over the past three years. We have improved our underwriting and operating foundations, sharpened our business mix, built a strong culture, and attracted high quality talent.
“Our financial performance at the end of 2025 shows the momentum we have across the business. We believe these changes strengthen our offering to the market and support our strategic ambitions across our geographies, platforms, and specialisms.
“We are positioning the business to capitalise on growth opportunities while continuing to deliver disciplined, profitable performance.”
As part of the restructuring, Rob Gibbs will be leaving SiriusPoint. “Rob brought leadership and energy when the business needed it most, and he goes with my sincere thanks for all that he has done for SiriusPoint,” added Egan.
SiriusPoint also recently posted its 2025 results, including full-year net income available to common shareholders of $444 million and fourth-quarter net income of $240 million.
