09/24/2021 | Press release | Distributed by Public on 09/24/2021 07:01
HAMILTON, Bermuda. September 24, 2021 -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE: SPNT), a global specialty insurer and reinsurer, has announced that Justin Brenden has been appointed to the role of Chief Actuary, subject to approval by the Bermuda Department of Immigration.
As Chief Actuary, Mr. Brenden will lead SiriusPoint's actuarial organization, with responsibility for global reserving and aligning pricing to drive to the Company's objective of improving underwriting profitability. He will be based in Bermuda and report to SiriusPoint Chief Financial Officer, David Junius.
Prior to the merger between Third Point Re and Sirius Group, Mr. Brenden served as EVP, Chief Reserving Actuary at Third Point Re. He joined Third Point Re in its first year of operations and played a significant role in the growth and development of the company. Mr. Brenden began his career as an actuarial consultant at Ernst & Young where he primarily served the reinsurance industry.
Mr. Junius commented, "I am delighted to welcome Justin to the role of Chief Actuary and to make this appointment from the exceptional talent we have within our company. With extensive industry experience and strong professional credentials, Justin has a proven track record of actuarial leadership, supporting the business's underwriting and finance strategies, and enhancing performance and thought leadership. Justin will be instrumental in advancing our efforts to build a highly effective and business-oriented actuarial function which will further efforts to position our business for sustainable underwriting profitability."
Mr. Brenden holds a BBA in Actuarial Science, Risk Management, and Finance from the University of Wisconsin-Madison. He is a regular speaker at industry events and has held numerous leadership roles for industry professional organizations, including serving a recent term as Vice President for the Casualty Actuarial Society. He was elected in 2021 to serve on the Board of Directors of the Casualty Actuarial Society, of which is also a Fellow (FCAS). Additionally, Mr. Brenden is a Fellow of Institute and Faculty of Actuaries (FIA), a Chartered Property Casualty Underwriter (CPCU) and the co-author of a current textbook for the CAS actuarial exams.
SiriusPoint Ltd. (SiriusPoint) is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Specialty, Property and Runoff, combining data and creative thinking to underwrite risks with skill and discipline. 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
Clare Kerrigan, SiriusPoint
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. These risks and uncertainties include 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; 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 Quarterly Reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 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.