SiriusPoint hires Larry Hallett
Bermudian-headquartered international specialty re/insurer SiriusPoint Ltd has appointed Larry Hallett to the position of senior vice-president of casualty underwriting.
The company said Mr Hallett will focus on casualty underwriting, including traditional and structured reinsurance, and on strategic initiatives involving casualty insurance.
He will report to Warren Trace, head of US and Canada, Americas Reinsurance.
SiriusPoint said Mr Hallett has 40 years’ experience in the North American reinsurance and insurance markets, with vast experience in casualty treaty reinsurance, alternative risk management, captives, runoff and fronting arrangements.
He joins the company from RFIB Americas where he oversaw business development and servicing intermediary operations for the North American operations of the brokerage, SiriusPoint said.
Prior to RFIB, Mr Hallett was managing director of 2 Wings Risk Services, where he was a reinsurance consultant and intermediary specialising in alternative risk entities.
David Govrin, global chief underwriting officer and president, Americas Reinsurance, said: “We are delighted that Larry is joining SiriusPoint. He is widely respected in the property casualty reinsurance industry, building, executing, and managing portfolios of insurance risk.
“His experience will be a valuable asset as we continue to respond to our client and industry needs with creative and innovative solutions, building our profile as SiriusPoint.”
SiriusPoint said Mr Hallett started his career at the Constitution Reinsurance Corporation in New York, before joining Western Atlantic Reinsurance Corp and subsequently, Swiss Re. In 2000, he assumed a leadership role at XL Financial Solutions in Stamford, Connecticut as senior managing director for the structured indemnity team.
Mr Hallett will be based in the New York area, the company said.