SiriusPoint
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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. -
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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The MGA writes management liability, professional indemnity, crime and cyber risk.
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The Bermuda-based (re)insurer currently has an A- long-term financial strength rating and a BBB long-term issuer credit rating.
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Bobby Heerasing was most recently head of international strategic business development at the company.
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SiriusPoint has announced a strategic partnership with home rental insurance MGA Garentii, providing paper, balance sheet and risk advisory services to the InsurTech.
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The leadership shake up comes less than three weeks after Sankaran’s departure and the appointment of Third Point head Dan Loeb to the carrier’s board.
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