HAMILTON, Bermuda, December 8, 2022 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurance and reinsurance company, has announced that Rob Gibbs Appointed as president of the company’s international division. He became CEO of the business and SiriusPoint International Insurance Corporation. The CEO appointment is conditional and will become effective upon regulatory approval.
Mr. Gibbs will join the Company on December 12, 2022. Based in London, he will be responsible for driving growth, development and profitability within SiriusPoint’s international platform, which includes our European hubs in Stockholm, Zurich and Liege with our London branch. Sirius International Managing Agency (SIMA), and Lloyd’s Syndicate 1945. He was responsible for managing and overseeing run-off activities and overseeing the ongoing transformation of the SiriusPoint International platform, with his outgoing CEO Monica Kramer Manchem. We will work closely together during the transition period. Cramér Manhem announced his retirement last month after his 38 years with the company and its predecessor business.
Mr. Gibbs brings 24 years of experience in the reinsurance/insurance industry to SiriusPoint, most recently as Commercial Managing Director of Royal Sun Alliance (RSA) in the UK and has held various underwriting and senior management positions for over 20 years. I was sitting He also served as a director of RSA’s reinsurance company. As a member of SiriusPoint’s Executive Leadership Team, he reports to SiriusPoint’s Chief Executive Officer, Scott Egan.
Scott Egan said: He is an exceptional underwriter, manager and leader, and brings a wealth of experience in key markets to SiriusPoint. The continued evolution of our international platform, including the integration of our significant London business into that platform, is a priority for me. We see this as a great opportunity to enhance our performance by maintaining and providing excellent customer service. I look forward to working with Rob on executing the strategy and positioning SiriusPoint for profitable growth. ”
SiriusPoint also announced the promotion of Anders Hjelm to Deputy Chief Executive Officer of SiriusPoint International Insurance Corporation, effective December 12, 2022, subject to regulatory approval. Mr. Hjelm will also continue in his current role as SiriusPoint International’s Legal and Compliance Officer. Based in Stockholm, Sweden, his Hjelm has been with us since 2021. With a background in billing and underwriting, he has held various leadership positions in legal and compliance roles over the last 20 years.
Additionally, Jennifer Bowie has been appointed Interim Chief Underwriting Officer of SiriusPoint International, also effective December 12, 2022. Bowie has been Head of Outwards Reinsurance since 2021 and has been part of Sirius Group, one of the predecessor companies of SiriusPoint since 2016. Based in Sweden, she will retire from Jan Onselius, who has been Chief Underwriting Officer of SiriusPoint International since 2002 and previously she was Sirius Group.
Hjelm and Bowie report directly to Gibbs, as do Robert Harman (London branch manager and CEO SIMA), Bobby Heerasing (Active Underwriter Syndicate 1945) and Marc Wyss (Zurich branch manager).
Egan commented: They are seasoned professionals with experience in the European reinsurance/insurance market and Sweden-based companies, and have contributed significantly to the growth and development of our international business. We would like to thank Monica and Jean for their continued dedication and invaluable contribution to supporting the team in this transition. ”
About Sirius Point
SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in approximately 150 countries. Headquartered in Bermuda, with offices in New York, London and Stockholm, the company is listed on the New York Stock Exchange (SPNT). We are licensed to write property and casualty, accident, health and reinsurance worldwide. Our offering and distribution capabilities are enhanced by a portfolio of strategic partnerships with managing general agents within our insurance and services divisions. With a total capitalization of $2.9 billion, SiriusPoint’s operating companies are rated A- (Excellent) for financial strength by AM Best, S&P, and Fitch. For more information, please visit www.siriuspt.com.
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Forward-Looking Statements
This report makes forward-looking statements within the meaning of United States federal securities laws. These forward-looking statements are subject to the safe harbor provisions regarding forward-looking statements under federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of SiriusPoint. SiriusPoint is also subject to risks and uncertainties associated with normal course operations. These include the impact of general economic conditions, conditions affecting the insurance and reinsurance industry, the adequacy of our reserves and changes in operating results. A pandemic or other catastrophic event, such as his ongoing COVID-19 outbreak. The uncertainty of the success of investing in early stage companies. For example, loss of initial investment, risk of high volatility in return on investment, delay in return on investment, difficulty in liquidating investment, etc. the costs, expenses and difficulties of integrating the businesses of Third Point Reinsurance Limited and Sirius International Insurance Group Limited; Underwriting risk, property and casualty insurance and reinsurance rate trends, competition, investment market and investment return volatility, claims and paid loss trends, regulatory and legal uncertainties, and SiriusPoint annual reports on Form 10 The Company’s ability to assess other risk factors described in the Statement-K for the period ended December 31, 2021. Except as required by applicable law or regulation, we do not publicly update or update any forward-looking statements to reflect changes in underlying assumptions or factors, or new information, data or methods. Disclaims any obligation to rectify. , future events or other circumstances after the date of this report.
Source: Sirius Point Co., Ltd.
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