HAMILTON, Bermuda, Dec. 08, 2022 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has appointed Rob Gibbs as President of its international business and to CEO of SiriusPoint International Insurance Corporation. The CEO appointment is conditional and effective upon regulatory approval.
Mr Gibbs joins the Company on 12 December, 2022. Based in London, he will be responsible for driving growth, development, and profitability within SiriusPoint’s international platform, which encompasses the Company’s European hubs in Stockholm, Zurich and Liege, a London Branch office, Sirius International Managing Agency (SIMA), and Lloyd’s Syndicate 1945. He will be responsible for the management and oversight of runoff activities and oversee the ongoing transformation of the SiriusPoint International platform, working closely for a handover period with outgoing CEO Monica Cramér Manhem. Ms Cramér Manhem announced her retirement last month after 38 years with the company and its predecessor businesses.
Mr Gibbs, who brings 24 years of re/insurance industry experience to SiriusPoint, was most recently Commercial Managing Director of Royal Sun Alliance (RSA) in the UK, where he worked for over two decades in various underwriting and senior management positions. He has also served on the board of RSA’s Reinsurance company. He will report to SiriusPoint Chief Executive Officer, Scott Egan, as a member of SiriusPoint’s Executive Leadership Team.
Scott Egan said: “I am delighted to welcome Rob to SiriusPoint. He is an exceptional underwriter, manager and leader, and brings a wealth of experience in markets critical to SiriusPoint. The ongoing evolution of our international platform, including the integration into that platform of our vital London business, is a priority for me. I see great opportunity to strengthen our performance as we refocus our offering, maintain operational and underwriting discipline and deliver outstanding client service. I look forward to working with Rob to execute our strategy and position SiriusPoint for profitable growth.”
SiriusPoint also announced that Anders Hjelm has been promoted 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 of the Head of Legal & Compliance, SiriusPoint International. Based in Stockholm, Sweden, Mr Hjelm has been with the Company since 2021. He has a background in claims and underwriting and has held various leadership positions in legal and compliance roles during the past 20 years.
Additionally, Jennifer Bowie has been appointed interim Chief Underwriting Officer of SiriusPoint International, also effective December 12, 2022. Ms Bowie has been Head of Outwards Reinsurance since 2021, and has been part of Sirius Group, one of SiriusPoint’s predecessor companies, since 2016. Based in Sweden, she replaces Jan Onselius who is retiring, having served as Chief Underwriting Officer of SiriusPoint International and previously Sirius Group, since 2002.
Mr Hjelm and Ms Bowie will report to Mr Gibbs, as will Robert Harman, London Branch Manager and CEO SIMA, Bobby Heerasing, Active Underwriter Syndicate 1945, and Marc Wyss, Zurich Branch Manager.
Egan commented: “It is a pleasure to recognise the talent we have within the business, and I congratulate Anders and Jennifer on their new roles. They are seasoned professionals with experience in European re/insurance markets and Swedish domiciled companies, and they have a great deal to contribute to the growth and development of our international business. I’d like to thank both Monica and Jan for their ongoing dedication and invaluable contribution as they support their teams in this transition.”
About SiriusPoint
SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents within our Insurance & Services division. With $2.9 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.
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Forward-Looking Statements
We make statements in this report that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. 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 in connection with its ordinary course business, including the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving return on investment and difficulty in liquidating the investment; the costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, regulatory and legal uncertainties and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2021. Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.
Source: SiriusPoint Ltd.
