Reinsurance News
SiriusPoint
SiriusPoint hires Stephen Smyth as Head of Marine in London
15th September 2023
Global specialty insurer and reinsurer SiriusPoint has named Stephen Smyth as Head of Marine in London. Smyth is set to join the firm on October 16th and will be the Active Underwriter for Syndicate 1945, subject to Lloyd’s approval. He is also tasked with supporting SiriusPoint’s Stockholm-based marine team as he ... Read the full article
With renewals approaching it is important for reinsurers to maintain discipline: SiriusPoint
12th September 2023
In a complex risk environment, and with renewals approaching, it is important for reinsurers to maintain discipline, said David Govrin, SiriusPoint’s Chief Underwriting Officer, at the Rendez-Vous de Septembre in Monte Carlo. “Market conditions for reinsurance have steadily improved in 2023. We are seeing improved economics for property cat, as well ... Read the full article
SiriusPoint names Anthony Shapella as Deputy Chief Underwriting Officer
17th August 2023
Global specialty insurer and reinsurer SiriusPoint has appointed Anthony Shapella as Deputy Chief Underwriting Officer, effective from the 5th of September, 2023. Shapella joins SiriusPoint from AIG, where he held several senior roles throughout his decade tenure. These include Global Head of Portfolio Analytics, Chief Risk Officer for Financial and Liability Lines ... Read the full article
SiriusPoint & hedge fund boss Daniel Loeb enter standstill agreement
10th August 2023
Global specialty insurer and reinsurer SiriusPoint has entered into a standstill agreement with Third Point CEO Daniel S. Loeb following the conclusion of exploratory discussions related to Loeb's potential acquisition of the firm. According to SiriusPoint, the agreement provides that Loeb will not, subject to certain limited exceptions, make a take-over ... Read the full article
SiriusPoint partners with property casualty MGA Eaton Gate
7th August 2023
Global specialty re/insurer, SiriusPoint has announced its partnership with Eaton Gate, a London-based Managing General Underwriter (MGU), which will be primarily focused on UK property casualty insurance business. Eaton Gate writes in excess of £100 million through its group of managing general agents (MGA’s) and is one of the largest MGU/MGAs ... Read the full article
SiriusPoint & Applied Surety Underwriters announce partnership for major expansion
3rd August 2023
Global risk services firm, Applied Surety Underwriters, and SiriusPoint Ltd. have entered into an exclusive partnership aimed to maximize their joint impact in major markets across the world. Both firm's will start with North America to deliver a unique formula of underwriting expertise, capital resources and concerted marketing within the ... Read the full article
SiriusPoint reports improved Q2 2023 combined ratio as reinsurance segment returns to profit
3rd August 2023
Bermuda-based SiriusPoint Ltd. has announced a Q2 2023 consolidated combined ratio of 81.9%, showing almost a 14% improvement year over year, as consolidated underwriting income rose from $38.8 million to $127.3 million. On a core basis, non-GAAP financial measures, the combined ratio improved to 87.7% from 98.3% a year earlier. The ... Read the full article
SiriusPoint & partners unveil new medical insurance product in China
31st July 2023
SiriusPoint's Life Reinsurance Team has partnered up with insurance and healthcare technology platform WaterDrop, MGA and employee solutions provider Further Group, and China Pacific Health Insurance to launch a new medical insurance product - Blue Ocean LifeTime. Aimed at the 200 million users of WaterDrop, Blue Ocean LifeTime aims to provide ... Read the full article
SiriusPoint appoints Habib Kattan as Global Head of Ceded Reinsurance
27th July 2023
Bermuda-based global specialty insurer and reinsurer, SiriusPoint Ltd., has announced the appointment of Habib Kattan as Global Head of Ceded Reinsurance. Kattan will be based in London and his appointment is effective on August 1, 2023. Kattan will report to David Govrin, Group President and Chief Underwriting Officer (CUO). In this new ... Read the full article
SiriusPoint names Thomas Leonardo as Global Head of Accident & Health
13th July 2023
Specialty insurer and reinsurer SiriusPoint has appointed Thomas Leonardo as Global Head of Accident & Health (A&H), effective immediately. According to SiriusPoint, Leonardo has worked in the group life and health industry since 1994, specialising in underwriting, pricing, and management of all aspects of accident and health insurance and reinsurance. He began ... Read the full article
SiriusPoint & Compre complete $1.3bn reinsurance LPT
3rd July 2023
Bermuda-based insurer and reinsurer SiriusPoint, and global legacy acquirer, Compre, have completed their previously announced $1.3 billion ground-up reinsurance loss portfolio transfer (LPT), underwritten by Pallas Reinsurance Company Ltd. This LPT was first announced in early March and sees Compre assume around $1.3 billion of reserves related to a diversified ... Read the full article
SiriusPoint names Linda Lin Chief Legal Officer
29th June 2023
SiriusPoint, a global specialty insurer and reinsurer, has announced the appointment of Linda Lin as Chief Legal Officer, a New York-based role. Lin will join SiriusPoint’s Executive Leadership Team (ELT) and take over her new role from July 24th, 2023. She will report to Chief Executive Officer Scott Egan. Jimmy Yang, who ... Read the full article
SiriusPoint partners with aviation program administrator Air Centurion
12th June 2023
Aviation program administrator (PA) Air Centurion has announced a strategic partnership with SiriusPoint, a global specialty re/insurer. Starting from August 1, 2023, SiriusPoint will provide capacity to the PA, as well as collaborating on its underwriting strategy and product offering development. According to the announcement, Air Centurion will exclusively use SiriusPoint America ... Read the full article
SiriusPoint appoints Bronek Masojada as its new Chair
2nd June 2023
SiriusPoint Ltd., a global specialty insurer and reinsurer, has announced the appointment of former Hiscox CEO Bronek Masojada as Chair of the Company’s Board of Directors, effective immediately. Masojada joined the board on May 2 this year. He is an insurance market veteran with over 30 years of leadership experience in ... Read the full article
SiriusPoint appoints new Chief Technology Officer
26th May 2023
SiriusPoint Ltd., a global specialty re/insurer, has announced the appointment of Nestor Lopez to the Executive Leadership Team as Chief Technology Officer. Prior to this Lopez, was most recently Chief Information Officer. He joined SiriusPoint in 2022 and was reporting to Darryl Siry, who he will be replacing, Lopez takes on leadership ... Read the full article