” I am happy to announce the launch of SiriusPoint,” discussed Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint. SiriusPoint is an opportunity to take advantage of our combined strengths and re-focus our company on profitability, innovative partnerships, and services. We are building a company and a culture we can be proud of.”
SiriusPoint Ltd. has launched as a brand-new global specialized insurance and reinsurance company today, starting with over $3 billion of capital.SiriusPoint has actually been formed through the merger of Third Point Re and Sirius Group, broadening the remit of both companies and considerably increasing their footprints through the combination.
” I am delighted to announce the launch of SiriusPoint,” explained Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint. SiriusPoint is an opportunity to leverage our combined strengths and re-focus our company on success, innovative collaborations, and services.
We have actually set an objective to challenge the status quo and define brand-new ways of conducting business with variety of idea and know-how. We are developing a culture and a business we can be proud of.”
SiriusPoints international platform will use insurance and reinsurance options and services to clients and brokers in nearly 150 countries worldwide.
The business has access to admitted and non-admitted paper in markets such as Europe, the U.S., Bermuda, and Lloyds of London.
In addition, SiriusPoint has actually launched a new department, Insurance and Services, which will be tasked with seeking out strategic investment and collaboration opportunities.
The business will underwrite insurance lines including: Environmental, Property, Energy, Workers Compensation, and Aviation and Space.
On the reinsurance side it will finance lines consisting of: Life, Accident and Health, Property, Marine and Energy, Casualty, Aviation and Space, and Credit and Bond, in addition to offering Runoff solutions.
SiriusPoint also revealed 2 new members of its board of directors today, Franklin (Tad) Montross, the former Chairman and Chief Executive Officer of General Reinsurance, a Berkshire Hathaway owned company, and Sharon M. Ludlow, a previous CEO of the Canadian operations of Swiss Re and President of Aviva Insurance Company of Canada.
The business also verified that Rachelle Keller, formerly a director of Sirius Group, and Peter W. H. Tan from CM Bermuda Limited, are also joining SiriusPoints board of directors. The remaining members of the board will transition from comparable positions at Third Point Re.