SiriusPoint Announces Changes to Chief Underwriting Office Leadership to Support Future Growth Strategy
SiriusPoint (NYSE: SPNT) announced key leadership changes in its Chief Underwriting Office effective January 1, 2025. Anthony Shapella will be promoted to Group Chief Underwriting Officer and join the Executive Leadership Team, while David Govrin will focus exclusively on his role as Group President and CEO of Global Reinsurance. The restructuring aims to support the company's growth and profitability plans for 2025. Govrin, who has held dual roles since February 2021, has led the company's underwriting turnaround over the past eight quarters. Shapella, who joined SiriusPoint in September 2023 as Deputy Chief Underwriting Officer, previously served as Head of Portfolio Analytics, General Insurance at AIG.
SiriusPoint (NYSE: SPNT) ha annunciato importanti cambiamenti nella leadership del suo Chief Underwriting Office, con effetto dal 1 gennaio 2025. Anthony Shapella sarà promosso a Group Chief Underwriting Officer e si unirà al Team di Leadership Esecutiva, mentre David Govrin si concentrerà esclusivamente sul suo ruolo di Group President e CEO di Global Reinsurance. La ristrutturazione mira a supportare i piani di crescita e redditività dell'azienda per il 2025. Govrin, che ha ricoperto ruoli doppi da febbraio 2021, ha guidato il cambiamento nel settore delle sottoscrizioni dell'azienda negli ultimi otto trimestri. Shapella, che è entrato in SiriusPoint nel settembre 2023 come Deputy Chief Underwriting Officer, precedentemente ha ricoperto il ruolo di Head of Portfolio Analytics nel settore Assicurazioni Generali presso AIG.
SiriusPoint (NYSE: SPNT) anunció cambios clave en el liderazgo de su Oficina de Suscripción Principal, que entrarán en vigor el 1 de enero de 2025. Anthony Shapella será ascendido a Director General de Suscripción y se unirá al Equipo de Liderazgo Ejecutivo, mientras que David Govrin se centrará exclusivamente en su cargo de Presidente del Grupo y CEO de Reaseguro Global. La reestructuración tiene como objetivo apoyar los planes de crecimiento y rentabilidad de la empresa para 2025. Govrin, quien ha ocupado roles duales desde febrero de 2021, ha liderado la recuperación de suscripción de la compañía durante los últimos ocho trimestres. Shapella, quien se unió a SiriusPoint en septiembre de 2023 como Subdirector de Suscripción, se desempeñó anteriormente como Jefe de Análisis de Cartera en AIG.
SiriusPoint (NYSE: SPNT)는 2025년 1월 1일부터 효력이 발생하는 최고 인수 사무소의 주요 리더십 변경을 발표했습니다. Anthony Shapella는 그룹 최고 인수 담당 임원으로 승진하여 경영진 리더십 팀에 합류합니다. 한편, David Govrin은 글로벌 재보험의 그룹 사장 겸 CEO로서의 역할에만 집중할 것입니다. 이번 구조 조정은 2025년을 위한 회사의 성장 및 수익성 계획을 지원하는 것을 목표로 합니다. 2021년 2월부터 두 가지 역할을 수행해온 Govrin은 지난 8분기 동안 회사의 인수 전환을 이끌어왔습니다. 2023년 9월 SiriusPoint에 부차장 인수 담당 임원으로 합류한 Shapella는 이전에 AIG의 일반 보험 포트폴리오 분석 책임자로 근무했습니다.
SiriusPoint (NYSE: SPNT) a annoncé des changements clés dans le leadership de son bureau principal de souscription, à compter du 1er janvier 2025. Anthony Shapella sera promu au poste de directeur général de la souscription de groupe et rejoindra l'équipe de direction exécutive, tandis que David Govrin se concentrera exclusivement sur son rôle de président du groupe et de PDG de la réassurance mondiale. La restructuration vise à soutenir les plans de croissance et de rentabilité de l'entreprise pour 2025. Govrin, qui occupe des fonctions doubles depuis février 2021, a dirigé le redressement de la souscription de l'entreprise au cours des huit derniers trimestres. Shapella, qui a rejoint SiriusPoint en septembre 2023 en tant que sous-directeur de la souscription, a précédemment été responsable de l'analyse de portefeuille dans le secteur des assurances générales chez AIG.
SiriusPoint (NYSE: SPNT) hat wesentliche Veränderungen in der Führung seines Chief Underwriting Office angekündigt, die am 1. Januar 2025 in Kraft treten. Anthony Shapella wird zum Group Chief Underwriting Officer befördert und dem Executive Leadership Team beitreten, während David Govrin sich ausschließlich auf seine Rolle als Group President und CEO von Global Reinsurance konzentrieren wird. Die Umstrukturierung zielt darauf ab, die Wachstums- und Rentabilitätspläne des Unternehmens für 2025 zu unterstützen. Govrin, der seit Februar 2021 doppelte Rollen innehat, hat in den letzten acht Quartalen die Umkehrung der Underwriting-Prozesse des Unternehmens geleitet. Shapella, der im September 2023 als Deputy Chief Underwriting Officer zu SiriusPoint kam, war zuvor als Leiter der Portfolioanalyse bei AIG tätig.
- Strong underwriting performance over the last eight quarters
- Growing and profitable reinsurance business over the past two years
- None.
Insights
This management change at SiriusPoint represents a strategic but routine organizational restructuring. While it involves the Chief Underwriting Officer position, which is important for an insurance company, the change appears to be a planned succession rather than a sudden departure. The company has shown positive underwriting performance over the past eight quarters and this transition aims to maintain that momentum.
The separation of roles between Group CUO and Global Reinsurance CEO suggests a focus on specialization and scalability. However, since this is a planned transition with internal promotion and the current leadership remaining within the company, the immediate impact on operations and strategy should be minimal. The reinsurance division has been a significant profit driver and having Mr. Govrin focus solely on this area could potentially enhance future performance.
HAMILTON, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025.
From January 1, 2025, Anthony Shapella will be promoted into the role of Group Chief Underwriting Officer and will join the Executive Leadership Team. David Govrin will now focus entirely on his role as Group President and Chief Executive Officer of Global Reinsurance. Mr. Govrin has held the dual role of Group President and Chief Underwriting Officer and Global Profit and Loss (P&L) Lead for Reinsurance since February 2021.
“As our business continues to grow, and we look to 2025, we believe that now is the right time to review the structure of our Chief Underwriting Office,” said Scott Egan, Chief Executive Officer at SiriusPoint. “This is part of a continuing plan to ensure our operating model is well structured for the next chapter of SiriusPoint’s journey to become a best-in-class class insurer and reinsurer.”
Mr. Egan added: “David has done an excellent job driving and leading the underwriting turnaround of our business, including recruiting, coaching, and mentoring talent in the organization. Both David and Anthony are incredibly valued members of the team, and Anthony has benefitted from David’s mentorship since he joined the business 15 months ago. We value the opportunity to promote talent from within our organisation and are pleased that Anthony will lead our Chief Underwriting Office as David continues to focus on executing our plans to further grow SiriusPoint’s reinsurance offering.”
“I am extremely proud of the underwriting track record we have delivered over the last eight quarters through our focused and disciplined underwriting,” said Mr. Govrin. “Anthony has been a great addition to the CUO office and is well positioned to lead the underwriting organization and continue our progress to deliver long-term profitable growth. Anthony will be a fantastic addition to our executive team. I am excited to be able to focus
Mr. Shapella joined SiriusPoint in September 2023 as Deputy Chief Underwriting Officer. Previous to that he was at AIG as Head of Portfolio Analytics, General Insurance.
“I am delighted to have been given the opportunity to join the Executive Leadership Team and be promoted to Group Chief Underwriting Officer,” said Mr. Shapella. “I would like to thank David for his mentorship and leadership of the Chief Underwriting Office, and I am excited by the opportunities ahead.”
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. With over
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, 2023. 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
Liam Blackledge, SiriusPoint
Liam.Blackledge@siriuspt.com
+44 203 772 3082
Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718 882011
FAQ
Who will be SiriusPoint's (SPNT) new Group Chief Underwriting Officer in 2025?
What role will David Govrin maintain at SiriusPoint (SPNT) after January 2025?
When did Anthony Shapella join SiriusPoint (SPNT)?
