Bronek Masojada appointed Chair of SiriusPoint
02 Junio 2023 - 7:30AM
SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a
global specialty insurer and reinsurer, has announced the
appointment of Bronek Masojada as Chair of the Company’s Board of
Directors, effective immediately.
Mr Masojada, who joined the board on May 2 this
year, is an insurance market veteran with over 30 years’ leadership
experience in the industry. Sharon Ludlow, who joined the board in
February 2021 and has been interim Chair since May 2022, will
continue to serve as a Non-Executive Director. Ms. Ludlow also
remains Chair of SiriusPoint’s Audit Committee.
Mr Masojada commented: “It is an honor to take on the role of
Chair at this pivotal stage of SiriusPoint’s development. The
Company has robust foundations, an established platform, and an
experienced executive leadership team focused on driving
performance and delivering results.
On behalf of the board and management team I extend the
Company’s thanks to Sharon Ludlow. As interim Chair, Sharon has
guided the board through a challenging transitional year, led the
appointment of a CEO who specializes in transformation and growth,
and positioned SiriusPoint for future success. I look forward to
continuing to work with Scott and his executive team, and Sharon
and our fellow directors, to ensure that performance, stakeholder
focus, and value creation remain central to the Company.”
Sharon Ludlow said, “It has been an honor to serve as interim
Chair of the SiriusPoint Board. Bronek and Scott have valuable and
complementary leadership experience building businesses and teams,
and driving strong performance and culture. I look forward to
continuing to work with them, my director colleagues, and the
executive management team, to support SiriusPoint as the Company
enters its next stage of development and growth.”
SiriusPoint recently reported its Q1 2023 results, recording an
80.5% Combined ratio for its Core operations, with Net Income up
$358m year on year.
Mr Masojada, who was at global specialist insurer and reinsurer
Hiscox for nearly 30 years, retired as Chief Executive of Hiscox
Ltd in 2021. He joined Hiscox in 1993 as Group Managing Director,
and was appointed Chief Executive in 2000. During his time at
Hiscox it grew its revenues from $500 million to almost $5 billion,
from a single office in London to 34 across the world and from 200
staff to over 3,000.
Prior to joining Hiscox, Masojada began his career at McKinsey
& Company. Currently, he serves as Chair of Placing Platform
Limited, the industry utility driving digitization of the London
Insurance Market.
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance
providing solutions to clients and brokers around the world.
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 segment. With over $3.0 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.
Forward-Looking Statements
We make statements in this press release 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 the forward-looking
statements. These risks and uncertainties include, but are not
limited to, 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, 2022. 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 press release.
Contacts
Investor RelationsDhruv Gahlaut,
SiriusPointdhruv.gahlaut@siriuspt.com +44 7514 659 918
MediaSarah Hills,
Rein4cesarah.hills@rein4ce.co.uk+44 7718882011
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