SiriusPoint Ltd.
09/27/2021 | Press release | Distributed by Public on 09/27/2021 08:03
SiriusPoint Appoints Patrick Charles as Head of Americas P&C Insurance
HAMILTON, Bermuda. September 27, 2021 -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE: SPNT), a global specialty insurer and reinsurer, has announced that Patrick Charles has joined the company as Head of Americas Property and Casualty (P&C) Insurance. Patrick will be responsible for managing and growing the US P&C insurance business, including expansion of key SiriusPoint strategic partnerships and the launch of products and services to support these relationships.
Patrick joins from Zurich Insurance Group, where he held North American leadership roles in underwriting and strategy spanning the past decade. During the remainder of his 20+ years in the insurance industry, he spent time at McKinsey & Company, Alliance Bernstein and the St. Paul Companies. He began his career as an actuary and is a Fellow of the Casualty Actuarial Society.
Prashanth Gangu, Chief Operating Officer and President of Insurance and Services, said: "We are delighted to welcome Patrick to our team. Our vision is to disrupt the insurance industry via partnerships with innovative, technology-forward entrepreneurs and organizations. We are getting tremendous reception in the market and the addition of Patrick will enable us to accelerate the buildout of our portfolio, as well as the products and services to support these partnerships."
About SiriusPoint
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.
Contacts:
Investor Relations
Clare Kerrigan, SiriusPoint
[email protected] +44 7970695959
Media
Sarah Hills, Rein4ce
[email protected]
+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 statements regarding our intent to disrupt the insurance industry and accelerate the buildout of our portfolio and the products and services to support our strategic partnerships. 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.