Chief actuary in place at SiriusPoint
Justin Brenden has been appointed chief actuary at SiriusPoint Ltd, the Bermuda-headquartered global specialty re/insurer.
The appointment is subject to approval by the Bermuda Department of Immigration.
As chief actuary, the company said, Mr Brenden will lead SiriusPoint’s actuarial organisation, with responsibility for global reserving and aligning pricing to drive the company’s objective of improving underwriting profitability.
He will be based in Bermuda and report to SiriusPoint chief financial officer David Junius.
Before the merger between Third Point Re and Sirius Group, Mr Brenden served as EVP, chief reserving actuary, at Third Point Re.
SiriusPoint said he joined Third Point Re in its first year of operations and played a significant role in the growth and development of the company.
Mr Brenden began his career as an actuarial consultant at Ernst and Young, where he primarily served the reinsurance industry.
Mr Junius said: “I am delighted to welcome Justin to the role of chief actuary and to make this appointment from the exceptional talent we have within our company.
“With extensive industry experience and strong professional credentials, Justin has a proven track record of actuarial leadership, supporting the business’s underwriting and finance strategies, and enhancing performance and thought leadership.
“Justin will be instrumental in advancing our efforts to build a highly effective and business-oriented actuarial function which will further efforts to position our business for sustainable underwriting profitability.”
The company said Mr Brenden holds a BBA in actuarial science, risk management and finance from the University of Wisconsin-Madison.
He is a regular speaker at industry events and has held numerous leadership roles for industry professional organisations, including serving a recent term as vice-president for the Casualty Actuarial Society.
Mr Brenden is a Fellow of the CAS, as well as of the Institute and Faculty of Actuaries. He is also a Chartered Property Casualty Underwriter, and the co-author of a current textbook for the CAS actuarial exams.
The company said Mr Brenden and his wife have been resident in Bermuda since 2012 and have two children born on the island.