Reinsurance News
SiriusPoint
Innovation and strategy drive Bermuda’s reinsurance dominance: SiriusPoint’s Govrin
11th March 2025
In an interview with Reinsurance News, David Govrin, Group President and CEO of Global Reinsurance at SiriusPoint, discussed Bermuda's continued dominance as a reinsurance hub, highlighting its innovation, capacity, strategic location, and regulatory framework, while also noting the challenge of high operating costs. We spoke with Govrin around the Bermuda Risk ... Read the full article
SiriusPoint eyes spot among best-in-class operators following strong 2024
28th February 2025
In a recent interview with Reinsurance News, Scott Egan, CEO of SiriusPoint, emphasised that 2024 was a "remarkable year of delivery" for the firm, marking the completion of its repositioning as it aims to continue both growing and enhancing performance. "We have significantly improved our balance sheet and structure to be ... Read the full article
SiriusPoint names James Anderson as Global Chief Pricing Actuary
25th February 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of James Anderson as Global Chief Pricing Actuary, effective May 12, 2025. In this role, Anderson will lead the global actuarial pricing team, enhancing SiriusPoint’s pricing framework, business insights, and portfolio analytics. He will also work closely with IT to implement standardised ... Read the full article
SiriusPoint reports underwriting income of $200m for 2024
19th February 2025
SiriusPoint has reported a full-year 2024 core income of $244.6 million, including underwriting income of $200 million, with a core combined ratio of 91%. The firm's 2024 total core income declined from $291.4 million in 2023, while underwriting income also fell from $250.2 million (89.1% combined ratio). According to SiriusPoint, the decrease ... Read the full article
SiriusPoint to repurchase all CM Bermuda shares for $733m
31st December 2024
Bermuda-domiciled global specialty re/insurer SiriusPoint is set to repurchase all of its common shares and warrants held by CM Bermuda Limited for an aggregate purchase price of $733 million. As per the terms of the repurchase transaction, post-closing, CM Bermuda will have no remaining ownership interest in SiriusPoint and will cease ... Read the full article
SiriusPoint names Shapella CUO, Govrin to focus on role as President & CEO of Reinsurance
12th November 2024
Bermuda-domiciled insurer and reinsurer SiriusPoint has announced Anthony Shapella as its new Group Chief Underwriting Officer (CUO), with David Govrin set to focus solely on his role as Group President and Chief Executive Officer (CEO) of Global Reinsurance, effective January 1st, 2025. Shapella, who will become part of the Executive Leadership ... Read the full article
SiriusPoint’s Q3’24 CoR strengthens to 84.4% as reinsurance GPW rises
1st November 2024
Bermuda-based insurer and reinsurer SiriusPoint has reported an improved combined ratio of 84.4% for the third quarter of 2024 as consolidated underwriting income increased from $73.8 million to $89 million, driven by increased favorable prior year loss reserve development. For the third quarter of 2024, favorable prior year loss reserve development ... Read the full article
Casualty re/insurance market is ‘reacting in a measured way’, says Chris Larson, SiriusPoint
8th October 2024
In an interview with Reinsurance News around the 2024 APCIA annual conference, Chris Larson, Head of Global Casualty Underwriting at SiriusPoint, highlighted how the casualty market is cautiously addressing challenges like rising losses ahead of the 1/1 renewals through rate implementation. Larson emphasised that in the U.S., there is significant pressure ... Read the full article
Enstar completes $400m LPT with SiriusPoint
1st October 2024
A wholly owned subsidiary of legacy specialist Enstar Group has closed the previously announced $400 million loss portfolio transfer (LPT) with a subsidiary of Bermuda-based insurer and reinsurer, SiriusPoint. This transaction sees Enstar's subsidiary reinsure a $400 million portfolio of workers’ compensation business, covering the underwriting years 2018 to 2023. Under ... Read the full article
SiriusPoint partners with travel insurtech Gigasure
4th September 2024
Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who becomes a distribution partner. IMG (International Medical Group, Inc.), a global insurance and assistance services company and subsidiary of SiriusPoint, will ... Read the full article
SiriusPoint appoints Xander Butcher as Senior Underwriter, Energy Liabilities
19th August 2024
SiriusPoint, a global specialty insurer and reinsurer, has announced the appointment of Xander Butcher as Senior Underwriter, Energy Liabilities for its London Energy team. John Hopper, Head of Energy at SiriusPoint, expressed enthusiasm about Butcher’s appointment, stating, “With over 37 years of experience in the market, Xander will be a brilliant ... Read the full article
SiriusPoint CEO hails another quarter of positive underwriting performance
8th August 2024
Bermuda-based re/insurer SiriusPoint recently posted its seventh consecutive quarter of positive underwriting results in Q2 2024, partly attributable to new managing general agent (MGA) partnerships and the expansion of existing ones, according to CEO Scott Egan. In an interview with Reinsurance News, Egan discussed the firm's results in both the second ... Read the full article
SiriusPoint’s CR hits 89% in Q2, net income reaches $109.9m
2nd August 2024
In their results for the second quarter of 2024, SiriusPoint's combined ratio deteriorated six points year on year to 89%, compared to the previous year's 83%, driven primarily by lower favorable prior year loss reserve development. The company also posted a consolidated underwriting income of $65.1 million, a notable decrease compared ... Read the full article
SiriusPoint forms new strategic partnership with Hellenic Hull
29th July 2024
SiriusPoint Ltd., a global insurer and reinsurer specialising in niche markets, and Hellenic Hull Management (HMA), a marine hull and machinery underwriter in Greece and Cyprus, have announced a strategic partnership. HMA has been influential in the Greek and Cypriot shipping sectors for the past 30 years. It is noteworthy for ... Read the full article
SiriusPoint names AXIS’ Inmaculada Gonzalez as Global Head of Ceded Reinsurance
23rd July 2024
SiriusPoint Ltd., a global specialty re/insurer, has appointed Inmaculada Gonzalez as Global Head of Ceded Reinsurance, effective August 19th, 2024. Gonzalez succeeds Habib Kattan, who will leave on December 31st, 2024, following a period of transition. Gonzalez will be based in New York and report to David Govrin, Group President and ... Read the full article
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