Hamilton, Bermuda, May 2, 2022. SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global insurer and reinsurer, has made key appointments to its information technology (IT) team, building out a diverse set of expertise to transform the way the company operates and supports its business functions.
The new team will integrate the company’s platforms, creating improved IT functionality to enable the operational efficiency of the business. They will also help SiriusPoint’s strategic goal of being a technology enabled insurer, including cloud transformation, establishing a robust data and analytics platform, and adopting modern technology architecture and practice.
“Developing an industry leading technology approach has been a priority for the business since SiriusPoint launched nearly a year ago,” said Darryl Siry, Chief Technology Officer. “I am delighted to have attracted an enormously talented and diverse team, each member of which brings unique insight and experience to deliver our technology strategy. SiriusPoint’s platforms and operational capabilities are core to our ability to be nimble and data driven, enhancing functions across the business from underwriting and risk management to finance and operations.”
Prashanth Gangu, COO and President, Insurance & Services, commented: “Successful transformation in the insurance industry requires a clear vision and the talent to deliver results. Over the past year, Darryl has built a highly talented technology team. I couldn’t be happier with the skills and diverse approaches we have to deliver on our ambitions within our insurance business and the disruptive MGAs and insurtechs SiriusPoint partners with.”
SiriusPoint’s raft of technology appointments include:
Nestor Lopez joins at Chief Information Officer. He is based in New York and will lead IT strategy and execution for the global Reinsurance and Primary Insurance business. Nestor was previously CIO at ProSight Specialty Insurance and previously held IT and operational roles at CNA and Allianz.
Atul Bahl is appointed as Head of Cloud Infrastructure & DevOps. Based in New York, Atul joins from Verisk Analytics. He will have responsibility for the management and development of cloud infrastructure and DevOps processes and teams and will oversee all components of our cloud infrastructure.
Shalanda Durrant-Thomas is appointed Vice President, Finance and Risk Systems. Based in Bermuda, she joins from Arch Capital Group and has IT responsibility for all systems related to finance, pricing, portfolio analytics, actuarial and capital management.
Janaé B. Frazier joins from Prudential Financial as Vice-President, IT Operations, Process and Controls. Based in New York, Janaé is responsible for data centres, networking, end-user computing, and helpdesk functions.
Lloyd Holder is promoted to Chief Information Security Officer. Lloyd is also based in Bermuda. He joined SiriusPoint in 2020 and is responsible for the overall security of all company entities, as well as regulatory compliance and managing third-party cybersecurity risk.
Christine Manfredo joins as Vice President, Product Management and User Experience, in the New York office. Christine has over a decade of professional practice leading research, strategy, and design to aid product development.
Nicole Mitchell is named as Chief Enterprise Architect. Based in Bermuda, she joins from Hiscox, and has responsibility for designing the overall technology architecture and standards to support SiriusPoint’s business strategy across reinsurance, insurance, and new ventures.
Manish Munshi is appointed Chief Data Officer, based in New York. Manish has responsibility for data architecture, data management and business intelligence capabilities, and is leading the development of our cloud data platform.
Poornima Sobhana joins as Vice President, Reinsurance Systems Leader. Based in Bermuda, she joins from Validus. An accounting and reinsurance system expert, Poornima specializes in the area of P&C Reinsurance and Retrocession Accounting with an emphasis on business process systems.
About SiriusPoint
SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices in New York, London, Stockholm and other locations around the world, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and technology-driven insurance services companies within our Insurance & Services division. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.
Contacts
Investor Relations
Clare Kerrigan, SiriusPoint
clare.kerrigan@siriuspt.com
+44 7970695959
Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718882011
Forward-Looking Statements
We make statements in this report that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of SiriusPoint. SiriusPoint is also subject to risks and uncertainties in connection with its ordinary course business, including the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving return on investment and difficulty in liquidating the investment; the costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, regulatory and legal uncertainties and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2021. Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.