SiriusPoint
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The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis. -
SiriusPoint International CEO Monica Cramér Manhem has decided to retire from the business.
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The executive will report directly to SiriusPoint CEO Scott Egan, who joined SiriusPoint from RSA in early September.
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Bobby Heerasing joined SiriusPoint in October 2021 as head of international strategic development before being promoted to UK country manager earlier this year.
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The carrier argued it paid the executive the first installment of a $400,000 retention award in March 2020 and the second half in March 2021.
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The Bermudian will also collaborate with Insurate in developing and underwriting products in the medium- to high-hazard workers’ compensation segment.
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The appointment comes after the sudden departure of previous chief Sid Sankaran in May.
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Phil Wooldridge will be based in London and report to head of London and international casualty Nick Pascall.
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The executive reiterated SiriusPoint’s intentions to continue with strategic partnerships, pointing to the firm’s “robust pipeline of deal activity”.
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The (re)insurer’s investment results were fueled by a net loss of $57.3mn from its investment in the TP Enhanced Fund.
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The two carriers have injected a further $100mn into the underwriting project.
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The executive was also CUO of SiriusPoint’s London division.
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