SiriusPoint

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.

The aviation programme manager will exclusively use SiriusPoint’s paper across the US.

The former reinsurance CEO will join Sompo International’s board of directors.

Bronek Masojada served as CEO of Hiscox until January 2022 and was appointed to SiriusPoint’s board in May.

Egan will receive an annual base salary of $1.1mn and an annual target bonus equal to 140% of his salary.

Howden Tiger is advising the Bermudian as it seeks to realize value from its portfolio and simplify its story for investors.

Loeb revealed his intention to take SiriusPoint private last month, saying that it would better position the company to execute its turnaround strategy.

Bermudian carrier SiriusPoint’s equity stake in D&O MGA Banyan Risk has been reduced to 49% from 100%, filings show.