Reinsurance News
SiriusPoint
Corvus expands partnership with SiriusPoint and R&Q Accredited
22nd July 2022
Corvus Insurance, a provider of smart commercial insurance products, has announced an expanded strategic partnership with specialty re/insurer SiriusPoint, and R&Q Accredited, a program management solution provider. The latest multi-year investment from SiriusPoint and R&Q Accredited adds an additional $100 million to the program. The enhanced program follows an initial investment ... Read the full article
SiriusPoint expands Brian Norton’s role to head of pricing & analytics for Americas
20th July 2022
SiriusPoint has appointed Brian Norton to be its new head of pricing and analytics for the Americas. In his new role, Norton will lead SiriusPoint’s team working on pricing for its America Property business and Bermuda CAT XL. It will also include portfolio analytics in addition to transaction pricing. According to his ... Read the full article
SiriusPoint announces partnership with Alta Signa
11th July 2022
SiriusPoint Ltd., a global specialty insurer and reinsurer, has announced a strategic partnership and investment with Alta Signa Holdings, a European Managing General Agent (MGA) specialising in financial and professional lines insurance. The company says the partnership is part of SiriusPoint's strategy of growing its portfolio of MGA and insurance ... Read the full article
SiriusPoint names VP, Head of Claims for Environmental/Construction Pollution & Professional
8th July 2022
SiriusPoint has appointed Kanan Sheth as Vice President, Head of Claims for its Environmental/Construction Pollution & Professional team. The announcement was made on LinkedIn earlier this week. Based in New Rochelle, New York, Sheth brings several years of experience in the pollution & professional industry, with her towards her new role. She joins ... Read the full article
SiriusPoint responds to S&P’s negative assessment
29th June 2022
SiriusPoint has responded to S&P’s placing it on the latter’s CreditWatch, with negative implications, saying that it has made ‘significant progress’ in transforming its business. S&P identified recent management changes as the cause of the CreditWatch, following the departures of SiriusPoint’s CEO and COO. The ratings agency has said that it ... Read the full article
SiriusPoint appoints Bobby Heerasing to new role as UK country branch manager
9th June 2022
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 ... Read the full article
SiriusPoint enters strategic partnership with Garentii
8th June 2022
SiriusPoint has entered a strategic partnership with Munich-based MGA firm Garentii. Under the partnership, SiriusPoint will provide risk advisory services along with paper and balance sheet to the firm, which provides digital home rental insurance. Patrick Charles, global head of property and casualty insurance & services at SiriusPoint, said: “We are very pleased ... Read the full article
SiriusPoint makes senior appointments in Patrick Charles and Darryl Siry
7th June 2022
SiriusPoint has appointed Patrick Charles and Darryl Siry to new positions within the company. A release from the firm said it had appointed Charles to the role of global head of property and casualty insurance and services, while Siry has joined the executive leadership team alongside his current CTO role. Charles ... Read the full article
SiriusPoint invests in Samos Insurance
6th June 2022
SiriusPoint has invested an undisclosed amount in MGA platform Samos Insurance. The announcement, made through a press statement, said SiriusPoint had invested in the risk management and accidental death insurance specialist due to a gap it felt the firm had identified in the market. Tom Leonardo, US head of accident and health ... Read the full article
Appetite for underwriting property cat reinsurance business tightening
1st June 2022
Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA). The study said that while the sector should be ‘applauded’ for dealing with significant volatility over the last five years and ... Read the full article
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