Reinsurance News

SiriusPoint appoints Bobby Heerasing to new role as UK country branch manager

9th June 2022 - Author: Pete Carvill

SiriusPoint has appointed Bobby Heerasing as UK country branch manager.

The moves follows the link-up between the firm and Mosaic, which was first announced in March.

Following, and subject to the close of the transaction as well as Lloyd’s and regulatory approvals, Robert Harman, CEO of SiriusPoint London and managing director of Sirius International Managing Agency (SIMA) will transition to Mosaic to continue his role as CEO of the managing agency.

Heerasing, meanwhile, will move to the role of UK country branch manager, where he will be responsible for establishing and executing profitable growth strategies and operating plans for SiriusPoint’s London branch and Syndicate, inclusive of the Company’s Reinsurance and Insurance and Services platforms.

He will report to both David Govrin, global chief underwriting officer, and president, Americas reinsurance, and Monica Cramér Manhem, president of international reinsurance and managing director of SiriusPoint International.

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Govrin said in a statement: “London is an important market for SiriusPoint. Bobby will be a critical enabler towards building a sustainable business model through profitable growth, talent development, strengthening relationships with key trading partners and an unwavering commitment to adding value for our clients.”

Heerasing was originally hired by SiriusPoint in October last year in the newly created role of head of international strategic business development.

The link-up between SiriusPoint and Mosaic will see the former become a strategic investor in the latter through an arrangement that includes the sale of its Lloyd’s Managing Agency, Sirius International Managing Agency (SIMA), to Mosaic.

Mosaic will acquire SIMA along with its employees as part of a larger strategic partnership with SiriusPoint, with an eye to modernising the unit over time into a digitalized managing agency.

The business will continue to support Syndicate 1945 at Lloyd’s, which will remain 100% owned by SiriusPoint.

Under the terms of their partnership, SiriusPoint says it will invest in Mosaic to support growth, provide underwriting capacity to Mosaic’s syndicated capital program and provide access to global licenses and infrastructure through a fronting arrangement.

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