SiriusPoint Appoints Susan Cross to Board of Directors

Rhea-AI Summary

SiriusPoint (NYSE: SPNT), a global specialty insurer and reinsurer, announced the appointment of Susan Cross to its Board of Directors effective May 24, 2024. This appointment brings the total number of board members to 10. Susan Cross has over 40 years of experience in the (re)insurance industry, including roles at Enstar Group and XL Group (now AXA XL). She also serves as a Non-Executive Director at Unum Group. Bronek Masojada, Chair of the Board, praised her extensive experience and leadership skills, highlighting her ability to drive growth and support SiriusPoint's strategic plans.

Positive

• Appointment of Susan Cross brings 40 years of industry experience.
• Susan Cross has a track record of leading actuarial and analytical functions for global growth.
• Susan has held significant roles including Executive Vice President and Global Chief Actuary at XL Group.
• Her involvement with multiple boards, including Enstar and Unum Group, adds diverse expertise.
• Her strategic thinking and financial expertise are expected to support SiriusPoint's plans and shareholder value.
• The appointment increases the number of board members to a total of 10, indicating robust governance.

Negative

• No specific financial metrics or immediate business impacts were disclosed in the PR.
• The PR does not mention any short-term operational or financial benefits resulting from the appointment.
• Potential for overly optimistic expectations regarding the impact of a single board member's appointment.

HAMILTON, Bermuda, May 28, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10.

Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global growth. She has been a Director of Enstar Group Limited (Enstar) since October 2020, and prior to that served as Executive Vice President and Global Chief Actuary at XL Group (now AXA XL), from 2008 to 2018.

In addition to the SiriusPoint and Enstar Boards, Susan serves as Non-Executive Director at Unum Group, a Fortune 500 insurer. She has also previously served on the boards of IFG Companies, American Strategic Insurance, Mid Ocean Limited and XL Life Ltd.

Bronek Masojada, Chair of the Board, SiriusPoint, commented: “Susan is a business leader, and an experienced Board Director who fosters innovative cultures to drive growth. Her experience of working with global organizations through various stages of evolution will be invaluable as we continue to support the Executive Leadership Team, and the wider business, as they execute SiriusPoint’s plans and deliver results for our shareholders.

“I look forward to working with Susan as she brings her global insurance knowledge, financial expertise, and strategic thinking to the Board of Directors.”

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 $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moody’s. For more information please visit www.siriuspt.com.

SiriusPoint Contacts

Investor Relations
Dhruv Gahlaut, Head of Investor Relations and Chief Strategy Officer
Dhruv.gahlaut@siriuspt.com
+44 7514 659 918

Media
Sarah Hills, Rein4ce
Sarah.hills@rein4ce.co.uk
+ 44 7718882011

FAQ

When did SiriusPoint appoint Susan Cross to the Board of Directors?

SiriusPoint appointed Susan Cross to the Board of Directors effective May 24, 2024.

What is the stock symbol of SiriusPoint?

The stock symbol of SiriusPoint is SPNT.

How many members are on the SiriusPoint Board of Directors after Susan Cross's appointment?

After the appointment of Susan Cross, the SiriusPoint Board of Directors has a total of 10 members.

What experience does Susan Cross bring to SiriusPoint?

Susan Cross brings over 40 years of experience in the (re)insurance industry, including roles at Enstar Group and XL Group (now AXA XL).

What roles has Susan Cross held in the past?

Susan Cross has been a Director at Enstar Group since 2020 and served as Executive Vice President and Global Chief Actuary at XL Group from 2008 to 2018.

How is Susan Cross expected to benefit SiriusPoint?

Susan Cross's extensive experience, financial expertise, and strategic thinking are expected to support SiriusPoint's growth plans and deliver results for shareholders.