HAMILTON, Bermuda, February 5, 2024 -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, today announces the appointments of Chris Fenn as Head of Marine, London and John Hopper as Head of Energy.
The appointments sharpen the Company’s focus on the strategic growth of its Marine and Energy business lines, and strengthen its teams across the international business, including Lloyd’s Syndicate 1945.
Mr. Fenn, who brings over 25 years’ experience in marine and energy insurance to SiriusPoint, will be responsible for helping to shape the Marine group’s strategy and developing SiriusPoint’s marine portfolio in London and internationally. He will be based in London and will report to Steve Smyth, Head of Marine, International, and Active Underwriter for Syndicate 1945, subject to Lloyd’s approval. Mr. Smyth was appointed to SiriusPoint in September 2023.
With over 30 years’ experience in marine, offshore and renewable energy underwriting, Mr. Hopper will lead SiriusPoint’s Energy team, and will be responsible for maintaining and growing the London and international Energy book. He will be based in London and will report to Robert Harman, General Manager SiriusPoint London Branch, and CEO & Managing Director, Sirius International Managing Agency (SIMA).
Victoria Hopgood has also been announced as Senior Underwriter, Energy, another appointment which will help bolster SiriusPoint’s Energy team. Victoria joins SiriusPoint from Liberty Specialty Markets.
Rob Gibbs, President & CEO, SiriusPoint International, said: “We are excited to work with Chris, John and Victoria, and welcome them to the business. The specialist sector expertise they will bring to the team will provide further momentum as we seek to expand our presence in the market.
“We have been building our marine and energy businesses via London and Lloyd’s Syndicate 1945, and internationally through our MGA partnerships. Marine and energy are vital components of SiriusPoint’s strategy to be a high-performing underwriter and to our overall business. We are excited to welcome best-in-class underwriting talent and market experience to the Company to help support our ambitious growth plans.”
Prior to joining SiriusPoint, Mr. Fenn worked at Markel International for 14 years from 2008, firstly as Senior Liability Underwriter Marine and Energy, then Managing Director, Marine and finally Divisional Managing Director, Marine. He also spent two years working in reinsurance for various classes of business at Sirius International in 1995.
Before joining SiriusPoint, Mr. Hopper worked as a Senior Underwriter for the Natural Resources & Sustainable Energies team at QBE Europe from April 2023. Mr. Hopper was also Head of Energy at AmTrust’s Lloyd’s Syndicate 1861 from 2014 to 2019.
ENDS
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, 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 Program Administrators within our Insurance & Services segment. With over $3.0 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.
Forward-Looking Statements
We make statements in this press release 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 the forward-looking statements. These risks and uncertainties include, but are not limited to, 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, 2022. 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 press release.
Contacts
Investor Relations
Dhruv Gahlaut, SiriusPoint
Dhruv.gahlaut@siriuspt.com
+44 7514 659 918
Media
Sarah Hills, Rein4ce
Sarah.hills@rein4ce.co.uk
+ 44 7718882011
Source: SiriusPoint Ltd.