Third Point Re CEO to be head of runoff at SiriusPoint
Third Point Re’s chief executive officer Dan Malloy is to become president, global distribution and head of runoff, at SiriusPoint Ltd following the merger of Third Point Re Ltd and Sirius International Insurance Group Ltd.
The merger is expected to close on or about this Friday, subject to the satisfaction of the closing conditions.
Mr Malloy will be based in Bermuda, subject to immigration approval. He will be responsible for distribution and business development, and broker and client engagement.
Sid Sankaran, who is currently Third Point Re's non-executive chairman of the board, will be chairman and CEO of SiriusPoint.
Mr Sankaran said: “I am delighted with the exceptional team we have formed to lead SiriusPoint. SiriusPoint brings together two companies with an abundance of talent, which is highlighted by these latest appointments. We have a strong leadership team of executives and underwriting talent from within and outside the existing organisations, each bringing outstanding credentials and experience to the business and culture we are building."
Among other leadership team announcements, David Govrin will be global chief underwriting officer and president, Americas reinsurance. He is currently president, Third Point Reinsurance (USA) Ltd, and head of business development, Third Point Reinsurance Ltd.
Monica Cramér Manhem will be president, International Reinsurance. She is currently president of global reinsurance at Sirius Group.
Ming Zhang will be chief investment officer. He is currently chief investment officer at Third Point Re having joined from MetLife.
Vievette Henry will be chief people officer. She is to join SiriusPoint on March 1, from American Insurance Group in New York, where for the past three years she has served as global head of talent, organisational effectiveness and chief diversity officer.
It was also announced that Nick Campbell will become global head of specialty and will lead SiriusPoint's Bermuda operations. He is currently chief risk officer and executive vice-president, underwriting, at Third Point Re.
The company said SiriusPoint will launch as a top 20 global re/insurer writing a worldwide portfolio of insurance and reinsurance.