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The (re)insurance industry has some catching up to do with the wider pace of technological change in the financial services sector.
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The executive said the carrier is moving towards “balance between underwriting and investment”.
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The company has created a new management committee as it refocuses on disciplined underwriting.
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Kiernan's departure brings to an end his 13 year stint with the company. -
The acquisition will allow the business to expand both its insurance and reinsurance operations, CEO Pina Albo said.
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The former Validus Re CEO joined the reinsurance broker just under two years ago.
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The Mark Cloutier-led carrier reported improvement in its underlying underwriting result.
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The experienced executive joins the legacy acquirer from The Warranty Group.
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Richard Tomkins will relocate to become managing director of Tysers Bermuda Ltd.
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Bermudian reinsurer Maiden Holdings reported a loss of $22mn in Q2
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An M&A deal is seen as a way Sirius can reduce its concerns surrounding its financially troubled parent.
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The carrier encounters adverse loss development in its property, specialty and casualty and run-off divisions.
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