Reinsurance News

SiriusPoint

SiriusPoint adds Daniel S. Loeb to board of directors

18th May 2022

Bermuda-based reinsurer SiriusPoint has said that Daniel S. Loeb will join its board of directors. Loeb, the founder and CEO of Third Point, will be joining the board as Joshua L. Targoff steps down. Targoff, a partner at Third Point, will be take on the board observer rights of Loeb. Sharon Ludlow, ... Read the full article

SiriusPoint CEO Sid Sankaran departs

18th May 2022

Sid Sankaran, the Chairman and Chief Executive Officer (CEO) of Class of 2020 reinsurer, SiriusPoint, has retired from the company and will be replaced by Daniel Malloy on an interim basis. An announcement from the Bermuda-based carrier states that Sankaran has left the firm to pursue other opportunities. The Board has elected ... Read the full article

SiriusPoint makes Nick Pascall its new head of London and international casualty

17th May 2022

SiriusPoint has a new head of London and international casualty in Nick Pascall. Pascall is joining the firm from AXA XL Re, where he was head of US casualty reinsurance. He will report to Robert Harman, general manager at the London branch of SiriusPoint. In his new role, he will ... Read the full article

SiriusPoint invests in smart car tech via Avinew partnership

12th May 2022

Global insurer and reinsurer SiriusPoint has announced its investment in autonomous vehicle technology through a strategic partnership with managing general agent (MGA) Avinew. Avinew, which was set up in 2016, is an underwriting platform that can directly underwrite and price for semi-autonomous and autonomous motor usage. SiriusPoint will offer fronting services, reinsurance, ... Read the full article

SiriusPoint makes raft of IT appointments

6th May 2022

SiriusPoint has made a slew of appointments to its IT team. The company said that the new team will integrate the company’s platforms, creating improved IT functionality to enable the operational efficiency of the business. Darryl Siry, CTO of the company, said: “Developing an industry-leading technology approach has been a priority for ... Read the full article

SiriusPoint results down on investments & Russia losses

5th May 2022

Global specialty insurer and reinsurer SiriusPoint has reported a decline in results for the first quarter of 2022, mainly due to a large loss on investments, as well as an underwriting hit due to exposures to the war between Russia and Ukraine. The company reported a net loss of $217.0 million ... Read the full article

SiriusPoint partners with Broker Buddha

3rd May 2022

SiriusPoint is going into partnership with Broker Buddha to help simplify submissions. The partnership comes after SiriusPoint led the $5m investment round that will enable Broker Buddha to increase sales capacity, enhance the product, develop new offerings, and accelerate the company into a new phase of growth and expansion. As part ... Read the full article

SiriusPoint expands life reinsurance business

4th April 2022

Global specialty insurer and reinsurer SiriusPoint has made a series of appointments as part of the expansion of its Life Reinsurance business. Lourens Fourie joins SiriusPoint as Senior Client manager, Saskya Hafner-Cordova as Client Manager, Chris Reynolds as Head of Life Pricing and Christina Cosma as Pricing Actuary. The newly expanded team ... Read the full article

SiriusPoint and Players Health partner up

24th March 2022

SiriusPoint and Players Health are going into partnership. According to a statement, SiriusPoint will provide Players Health with fronting and underwriting capacity, offering a combination of property & casualty and accident & health coverages. Prashanth Gangu, COO and president of insurance & services at SiriusPoint, said: “We are delighted to partner with ... Read the full article

SiriusPoint & Mosaic strike Lloyd’s partnership, trade SIMA unit

10th March 2022

SiriusPoint has become a strategic investor in Mosaic Insurance as the company looks to "reinvigorate" its business at Lloyd's, 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 ... Read the full article

SiriusPoint adds Jason Robart to Board

3rd March 2022

Global specialty insurer and reinsurer SiriusPoint has announced the appointment of Jason Robart to the SiriusPoint Board of Directors, as an Independent Director, effective 1 March 2022. Robart is the co-founder and managing partner of Seae Ventures, an early-stage venture capital firm focused on supporting women, and BIPOC healthcare and fintech ... Read the full article

SiriusPoint made significant progress in 2021, says CEO

2nd March 2022

Sid Sankaran, Chairman and Chief Executive Officer of SiriusPoint, has said that the company made “significant progress” in positioning itself for the future over the past year. Headquartered in Bermuda, SiriusPoint launched in February 2021 as one of the first fully formed re/insurers of the Class of 2020, following the merger ... Read the full article

SiriusPoint backed Arcadian Risk sees GWP hit $225m in first year of operations

1st March 2022

Class of 2020, Bermuda-based Managing General Agent (MGA), Arcadian Risk Capital Ltd, has reported gross written premium (GWP) of more than $225 million in its first full year of operations. The start-up, which is led by industry veteran John Boylan, launched in 2020 with Third Point Re (now SiriusPoint) as ... Read the full article

Catastrophe’s dent SiriusPoint’s 2021 result as re-underwriting continues

25th February 2022

Bermuda-based carrier SiriusPoint has fallen to a net loss of $140 million in the fourth quarter of 2021 but reported income of $45 million for the full year, as catastrophe losses dented the company's underwriting performance. Across the business, SiriusPoint has announced core underwriting income of $34.7 million in Q4 and ... Read the full article

SiriusPoint recruits Zurich’s Price as Head of Travel for A&H

9th February 2022

Global specialty insurer and reinsure SiriusPoint has announced the appointment of Christopher Price as Head of Travel for Accident & Health (A&H). Based in London, Price joins the company from Zurich Insurance Group, where he was most recently Head of Travel & Accident (EMEA). He has previously held senior positions with ACE, ... Read the full article