HAMILTON, Bermuda, April 04, 2022 -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global insurer and reinsurer, has made a series of appointments to grow its Life Reinsurance business.
Lourens Fourie joins SiriusPoint as Senior Client manager, Saskya Hafner-Cordova as Client Manager, Chris Reynolds as Head of Life Pricing and Christina Cosma as Pricing Actuary. The newly expanded team has the mandate to write Life business worldwide and is led by Florian Boecker, Head of Life Reinsurance.
“I am very pleased to welcome our new colleagues to SiriusPoint. We see real opportunity in the Life Reinsurance market and have responded to that by building an expert team based in our Zurich office,” Florian commented.
“In particular, we are seeing growing demand for highly effective and flexible risk solutions for short-term life reinsurance for Group Life, Disability and Critical Illness business. This is a large, though historically niche market which is underserved and expected to grow significantly over the coming years. We believe we can improve the current reinsurance offerings in this market, offering clients solutions to their short-term Life Insurance needs, while achieving attractive risk-adjusted returns for our shareholders. The Covid-19 pandemic, for example, has impacted a number of large Group Life markets, and our clients and brokers are seeing significant scaling back of reinsurance capacity, increased rates and restrictions to covers,” said Florian. “In this situation, we are in a position to offer fresh capacity and an innovative approach when our partners need it most.”
Stuart Liddell, Global President, Life, Accident & Health at SiriusPoint, commented: “I am delighted with the expert team that Florian has assembled to significantly increase SiriusPoint’s presence in the Life Reinsurance space. Our team now has experience in Life markets around the world, and we see potential to greatly broaden our product offerings and enhance the solutions available to our clients, responding to growing and developing demand.”
The SiriusPoint Life Reinsurance Team
Florian Boecker, Head of Life Reinsurance. Florian has joined SiriusPoint from PartnerRe, where he held a number of positions in Life & Health Reinsurance, most recently Chief Solutions Officer. Previously, Florian worked in various business development and technical management roles for Swiss Re, GE Insurance Solutions and Allianz. Florian is a qualified actuary with an MBA in Strategy and Finance.
Christina Cosma, Pricing Actuary. Christina previously worked for BIMA, Pacific Life Re and Vitality. She is a qualified actuary and brings a wealth of industry experience, including expertise in the microinsurance sector, pricing and product development and health and lifestyle engagement programmes.
Lourens Fourie, Senior Client manager. Lourens has over 20 years’ experience in the Life Industry from client-facing roles working at insurers, reinsurers, and brokers across multiple markets. Prior to joining SiriusPoint, Lourens worked in PartnerRe’s Life Reinsurance as Head of Key Accounts for Europe, Africa and the Middle East. Lourens is currently part of the IFoA’s (Insitute and Faculty of Actuaries) Mental Health working party.
Stéphane Gaillard, Consultant, Underwriting. Stéphane brings experience in client management in the Life, Accident & Health sector in various European countries. He has previously worked in business development roles for Arch Re, Swiss Re and Munich Re.
Saskya Hafner-Cordova, Client Manager. Saskya joins from Gen Re, where she was Pricing Actuary and Account Executive, working with clients across Latin America.
Chris Reynolds, Head of Life Pricing. Chris brings almost 20 years of actuarial and reinsurance experience in the Life insurance sector. He joins from Partner Re’s Life Reinsurance business, where he held the position of Chief Pricing Actuary. Chris is currently the Chair of the IFoA’s (Institute and Faculty of Actuaries) Health and Care Board and a member of the CMI Assurances Committee.
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, including with respect to providing attractive risk-adjusted returns. 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.