Hashtag: #SiriusPoint
SiriusPoint Appoints Nestor Lopez
SiriusPoint Ltd., a global specialty insurer and reinsurer, appoints Nestor Lopez to Executive Leadership Team as Chief Technology Officer. A spokesperson said, “Mr Lopez was most recently Chief Information Officer, and replaces Darryl Siry. Mr Siry will be leaving SiriusPoint at the end of June, after a handover period, to pursue other career... Read more of this article
SiriusPoint: “Current Strategy Is The Best Path”
SiriusPoint Ltd. said they “acknowledged the decision by Daniel Loeb and certain affiliates to conclude discussions regarding a potential transaction to acquire the Company.” A spokesperson said, “Following public disclosure of Mr. Loeb’s interest in acquiring SiriusPoint on April 12, 2023, the Board formed a Special Committee,... Read more of this article
SiriusPoint Appoints Bronek Masojada To Board
SiriusPoint has appointed insurance industry veteran Bronek Masojada to their Board of Directors, effective May 2, 2023. A spokesperson said, “An insurance industry veteran, Mr Masojada brings to the SiriusPoint board nearly 30 years of public company executive leadership experience. Mr Masojada spent 28 years at Hiscox Group, a global specialist... Read more of this article
AM Best Affirms Credit Ratings Of SiriusPoint
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” [Excellent] of the rated operating subsidiaries of SiriusPoint Ltd. Additionally, AM Best has affirmed the Long-Term ICR of “bbb-” [Good] of SiriusPoint, which is a non-operating holding company. Concurrently,... Read more of this article
SiriusPoint Acknowledges Indication Of Interest
SiriusPoint Ltd. has acknowledged an indication of interest from Third Point LLC to “explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.” A spokesperson said, “SiriusPoint Ltd. has acknowledged an indication of interest from Third Point LLC and certain of its affiliates, disclosed... Read more of this article
SiriusPoint & Arcadian Extend Partnership
SiriusPoint and Arcadian Risk Capital announced the extension of their multi-year partnership through 2026. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint], a global specialty insurer and reinsurer, and Arcadian Risk Capital Ltd. [Arcadian], a Bermuda-based Managing General Agent [MGA], have announced the extension of their multi-year partnership... Read more of this article
SiriusPoint & Compre Loss Portfolio Transfer
SiriusPoint and Compre have signed an agreement for a ground-up Loss Portfolio Transfer [LPT] on a diversified portfolio of primarily reinsurance business. A spokesperson said, “SiriusPoint Ltd. [SiriusPoint], NYSE-listed [SPNT] global underwriter, and Compre, the Bermuda headquartered international legacy group, today announce that they have... Read more of this article
SiriusPoint Appoints Sigle As Head Of Claims
SiriusPoint Ltd., a global specialty insurer and reinsurer, has appointed Trecia Sigle as Global Head of Claims, effective February 6, 2023. A spokesperson said, “Ms Sigle will be responsible for the overall management and strategic direction of the claims function across SiriusPoint’s diverse global underwriting portfolio. This encompasses... Read more of this article
Distinguished Programs Partner With SiriusPoint
Distinguished Programs, a national insurance program manager, announced a new partnership with SiriusPoint Ltd., to expand into Environmental, Construction Pollution and Professional Insurance. A spokesperson said, “As part of the agreement, SiriusPoint’s Environmental team led by Doug Stepenosky will move to Distinguished. Business will... Read more of this article
SiriusPoint Appoints Steve Yendall As CFO
SiriusPoint Ltd. has announced the appointment of Steve Yendall as Chief Financial Officer, effective October 31, 2022. A spokesperson said, “Steve, who brings twenty-five years of re/insurance industry experience to SiriusPoint, will report to Chief Executive Officer, Scott Egan, as a member of SiriusPoint’s Executive Leadership Team.” Scott... Read more of this article
SiriusPoint Partners With Alta Signa
SiriusPoint Ltd has announced a strategic partnership and investment with Alta Signa Holdings. A spokesperson said, “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] specializing in financial and professional lines insurance. “Founded... Read more of this article
SiriusPoint Responds To S&P’s CreditWatch
SiriusPoint Ltd said they have “noted that S&P Global Ratings [S&P] has placed SiriusPoint Ltd and its core subsidiaries on CreditWatch, with Negative implications.” A spokesperson said, “S&P identified recent management changes as the cause of the CreditWatch, following the departures of SiriusPoint’s Chief Executive Officer... Read more of this article
SiriusPoint Announces Partnership With Garentii
SiriusPoint Ltd. has announced a strategic partnership with Garentii, a tech-enabled Managing General Agent [MGA] providing digital home rental insurance. A spokesperson said, “As part of the partnership, SiriusPoint will provide risk advisory services along with paper and balance sheet. The partnership builds on the growing number of companies in... Read more of this article
SiriusPoint Announces New Appointments
SiriusPoint announced appointments to Executive Leadership Team and Insurance & Services Segment. A spokesperson said, “Patrick Charles joins the SiriusPoint ELT and has been promoted to Global Head of Property and Casualty [P&C] Insurance & Services. Patrick joined SiriusPoint in September 2021, with 20 years of underwriting and strategic... Read more of this article
SiriusPoint Announces Investment In Samos
SiriusPoint Ltd. has announced its investment in Samos Insurance, a US and Canadian MGA platform which offers “a first-of-its-kind accidental death insurance product.” A spokesperson said, “The product covers planned surgical procedures including scheduled caesarean sections, joint replacements, heart surgery and cancer diagnostic procedures. “Samos... Read more of this article
Chairman & CEO To Resign From SiriusPoint
SiriusPoint Ltd announces Chairman and CEO Siddhartha Sankaran has resigned from the Company to “pursue other opportunities.” A spokesperson said, “The Board has named Daniel Malloy as Interim Chief Executive Officer while the Board initiates a search for a permanent successor, and current Director Sharon Ludlow as Interim Chair... Read more of this article
