SiriusPoint Ltd, the Bermudian-based global specialty re/insurer, has appointed Bronek Masojada as chairman of its board of directors.

Mr Masojada, who joined the board on May 2, is an insurance market veteran with more than 30 years of leadership experience.

Sharon Ludlow, who joined the board in February 2021, and has been interim chairwoman since May 2022, will continue to serve as a non-executive director. She also remains chairwoman of SiriusPoint’s audit committee.

Mr Masojada said: “The company has robust foundations, an established platform, and an experienced executive leadership team focused on driving performance and delivering results.

"On behalf of the board and management team I extend the company’s thanks to Sharon Ludlow. As interim chair, Sharon has guided the board through a challenging transitional year, led the appointment of a CEO (Scott Egan), who specialises in transformation and growth, and positioned SiriusPoint for future success.

“I look forward to continuing to work with Scott and his executive team, and Sharon and our fellow directors, to ensure that performance, stakeholder focus, and value creation remain central to the company.”

Ms Ludlow said: “It has been an honour to serve as interim chair of the SiriusPoint board. Bronek and Scott have valuable and complementary leadership experience building businesses and teams, and driving strong performance and culture.

“I look forward to continuing to work with them, my director colleagues, and the executive management team, to support SiriusPoint as the company enters its next stage of development and growth.”

SiriusPoint recently reported its Q1 2023 results, recording a 80.5 per cent combined ratio for its core operations, with net income up $358 million year on year.

Mr Masojada, who was at global specialist re/insurer Hiscox for nearly 30 years, retired as chief executive of Hiscox Ltd in 2021.