Bermuda

The new logo and slogan follow a year of progress in the carrier’s turnaround plan.

The platform will be managed by Horseshoe with Leadenhall’s head of non-life, Ben Adolph, acting as head of underwriting.

The carrier recorded average rate rises of 9% for P&C accounts renewing at 1 April.

SiriusPoint posted higher underwriting income in the first quarter than a year ago and lowered its combined ratio to 96.6% from 98.6% in what was a heavy cat quarter for the industry.

The executive’s responsibilities will be taken on by chief operating officer Jim Williamson.

The Bermudian booked a $4.6mn loss from Winter Storm Uri.

Kevin Rehnberg says the carrier is disappointed with the level of catastrophe losses but expects less volatility going forward.

The former Willis executive is to work with Corant Bermuda CEO Chris Bonard and Ed Broking’s Bermuda chairman John Turner.

Many carriers agreed on the growing attraction of primary markets but differed on reinsurance-expansion tactics.

The ratings agency also affirms the carrier’s financial strength rating of A.

Rates for Japanese wind treaties increased between 5% and 10% at the April renewal, while quake pricing was up 5%.

The CEO said the carrier was turning aside more business than it wrote, yet had “sufficient headroom” to grow.