Reinsurance News
SiriusPoint
SiriusPoint names RSA’s Scott Egan as CEO
7th September 2022
Bermuda-based specialty insurer and reinsurer, SiriusPoint, has named Scott Egan, formerly of RSA UK & International, as its new Chief Executive Officer (CEO). Egan, most recently the CEO of RSA UK & International, and a FTSE 100 board director for six years, takes on the CEO role at SiriusPoint on September ... Read the full article
Arch, RenRe, and SiriusPoint well capitalised, says Fitch
18th August 2022
The re/insurers Arch, RenaissanceRe (RenRe), and SiriusPoint are well capitalised despite varying in financial performance, says a new note from Fitch Ratings. Fitch Ratings said that the combined ratios for RenaissanceRe and SiriusPoint improved in 1H22 following elevated levels over the last several years from heightened catastrophe losses and pandemic claims ... Read the full article
SiriusPoint names Phil Wooldridge Head of London US Casualty
17th August 2022
Global specialty re/insurer, SiriusPoint, has appointed Phil Wooldridge as Head of London US Casualty. Based in London, Wooldridge will start his new role on September 5 and will be reporting to Head of London and International Casualty, Nick Pascall. He brings more than 25 years of experience in the US Casualty markets, ... Read the full article
SiriusPoint sees $142mn net investment loss in Q2
4th August 2022
SiriusPoint Ltd. has reported a net investment loss of $142 million in the second quarter of 2022, taking the company’s total net investment loss for 1H22 to $347 million. At the same time, the company reported a core income of $20 million for the quarter, which included an underwriting income of ... Read the full article
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
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