SiriusPoint

The ratings agency said the change reflected its expectation that the carrier would post improving underwriting results in the next two years.

Q3 cat losses were down to $12mn, from $114.6mn in Q3 2022, while favourable prior-year reserves also increased by fivefold to $24.7mn.

Tomais Gaughan has been promoted to lead the energy offering at SiriusPoint International.

The carrier is looking to expand its marine offering through its London and Lloyd’s branch.

Digital transformation top of boardroom agenda, according to Cytora CEO Richard Hartley.

The incoming deputy CUO spent 10 years at AIG, holding roles such as global head of portfolio analytics and chief risk officer for financial and liability lines.

The CEO also addressed the carrier’s MGA strategy and the impact of the abandoned take-private attempt.

The LPT SiriusPoint struck with Compre was reduced to $905.6mn from $1.3bn as a result of paid losses and favourable prior-year reserve development.

Kattan’s role will include establishing the strategy and structure of SiriusPoint’s global ceded reinsurance function, managing the ceded team based in Stockholm and overseeing all reinsurance placements.

Rees joins from Chord Re, where he was head of casualty for nearly two years.

The company announced on Wednesday that Liddell’s deputy Thomas Leonardo would succeed him as global head of A&H, with immediate effect.

The underwriter replaces Stuart Liddell, who is leaving the business.