HAMILTON, Bermuda, Sept. 07, 2022 (GLOBE NEWSWIRE) — SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a world specialty insurer and reinsurer, has introduced that Scott Egan has been appointed as the Company’s Chief Executive Officer, efficient September 21st, 2022.
“The Board of Directors has concluded a rigorous search and we are thrilled to welcome Scott to SiriusPoint. Scott’s leadership qualities and experience are well-suited to SiriusPoint and the opportunities ahead,” stated Sharon Ludlow, interim Chair of the Board of Directors.
“Scott brings extensive expertise of leading businesses through transformation and growth, and has a successful track record in risk and financial management. The Board looks forward to working with Scott and the management team to shape our business and create sustainable value for our partners and investors,” stated Ms. Ludlow.
Most just lately the Chief Executive of Royal Sun Alliance (RSA) UK & International, and a FTSE 100 board director for six years, Egan brings over 25 years of insurance trade expertise to SiriusPoint.
Scott Egan commented: “I am excited to join SiriusPoint at this key stage in the Company’s transformation. I look forward to working closely with the executive team and colleagues across the business to help SiriusPoint achieve its potential to become a best-in-class operator.”
Egan served on the Board of RSA Group PLC for six years, formally as CFO and latterly as CEO of its UK and International business. He has held senior positions at plenty of corporations together with Aviva, Zurich Financial Services, Brit Insurance and Towergate Broking. Egan holds an MBA from Cranfield University and is a certified accountant.
“The Board and I would like to thank Dan Malloy for his ongoing leadership as interim CEO,” concluded Ms. Ludlow. “We are grateful for Dan’s support during this period of transition, where he has worked with our management team to ensure the continued execution of our strategy and success of our business.”
About SiriusPoint
SiriusPoint is a world insurer and reinsurer offering options to shoppers and brokers in nearly 150 international locations. Bermuda-headquartered with workplaces in New York, London, Stockholm and different areas world wide, we’re listed on the New York Stock Exchange (SPNT). We have licenses to write down Property & Casualty and Accident & Health insurance and reinsurance globally. Our providing and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and technology-driven insurance providers corporations inside our Insurance & Services division. With over $3 billion complete capital, SiriusPoint’s working corporations have a monetary power score of A- (Excellent) from AM Best, S&P and Fitch. For extra data, please go to www.siriuspt.com
Contacts – SiriusPoint
Investor Relations
Clare Kerrigan, SiriusPoint
[email protected]
+44 7970695959
Media
Sarah Hills, Rein4ce
[email protected]
+44 7718882011
Forward-Looking Statements
We make statements on this report which are forward-looking statements inside the which means of the U.S. federal securities legal guidelines. We intend these forward-looking statements to be lined by the protected harbor provisions for forward-looking statements within the U.S. Federal securities legal guidelines. These statements contain dangers and uncertainties that would trigger precise outcomes to vary materially from these contained in forward-looking statements made on behalf of SiriusPoint. SiriusPoint can also be topic to dangers and uncertainties in reference to its atypical course business, together with the affect of common financial situations and situations affecting the insurance and reinsurance trade, the adequacy of our reserves, fluctuation within the outcomes of operations; pandemic or different catastrophic occasion, such as the continuing COVID-19 outbreak; uncertainty of success in investing in early-stage corporations, such as the danger of lack of an preliminary funding, extremely variable returns on investments, delay in receiving return on funding and issue in liquidating the funding; the prices, expense and difficulties of the combination of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our means to evaluate underwriting threat, traits in charges for property and casualty insurance and reinsurance, competitors, funding market and funding earnings fluctuations, traits in insured and paid losses, regulatory and authorized uncertainties and different threat elements described in SiriusPoint’s Annual Report on Form 10-Okay for the interval ended December 31, 2021. Except as required by relevant legislation or regulation, we disclaim any obligation to publicly replace or revise any forward-looking assertion to replicate adjustments in underlying assumptions or elements, or new data, information or strategies, future occasions or different circumstances after the date of this report.
