Sid Sankaran News

People Moves: Hong Kong’s FWD Names Former SiriusPoint CEO as Group CFO; Lloyd’s Names Beazley’s Turk as Chief Underwriting Officer

This edition of International People Moves details appointments at FWD Group and Lloyd’s of London. A summary of these new hires follows here. Hong Kong’s FWD Group Names Former SiriusPoint CEO as Group CFO FWD Group Holdings Ltd. announced the …

SiriusPoint Announces Resignation of Chairman and CEO Sankaran

SiriusPoint Ltd., the Bermuda-based international specialty re/insurer, announced that Siddhartha (Sid) Sankaran, chairman and CEO, has resigned from the company to pursue other opportunities. The board has named Daniel Malloy as interim chief executive officer while the board initiates a …

Malloy Departs SiriusPoint, a Year After Company’s Launch

Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third Point Reinsurance and Sirius International Insurance Group, a multi-line insurer and reinsurer. On April 6, 2022, SiriusPoint Ltd. entered into …

Specialist D&O MGA Banyan Risk Expands Into Canadian Market

Banyan Risk Ltd., the managing general agent (MGA) that launched in Bermuda this year, is expanding its operations into Canada. Banyan, which underwrites directors and officers (D&O) insurance risk solutions in complex risk areas, including life sciences, global initial public …

SiriusPoint Forms Partnership with ESG-Focused Startup Parameter Climate

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, has announced a strategic partnership with Parameter Climate, a climate underwriting and distribution advisory firm. As part of the transaction, SiriusPoint has purchased a significant ownership stake in Parameter Climate in addition …

SiriusPoint Launches Specialty MGA Banyan Risk, Focusing on D&O Insurance

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the launch of Banyan Risk Ltd., a managing general agent that underwrites directors and officers (D&O) insurance. The company has been established by Founder and Chief Executive Officer Tim Usher-Jones in …

Specialty Re/insurer SiriusPoint Launches with More Than $3 Billion in Capital

SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital. The company was created from the merger of specialty reinsurer Third Point Reinsurance Ltd. and Sirius International Insurance Group …

Third Point Re Announces Appointments to SiriusPoint Leadership Team

Third Point Reinsurance Ltd. has announced additional executive and senior underwriting roles at SiriusPoint Ltd., the new company created as a result of the anticipated merger of Third Point Re and Sirius International Insurance Group Ltd. The leadership team announcements …

Formation of More ‘Class of 2020’ Reinsurers Unlikely

The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was referring …

Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG in December 2015 in an executive …