SiriusPoint Ltd, the global specialty insurer and reinsurer, has appointed Andrew Pryde as group chief risk officer, effective this September.

Based in Bermuda, Mr Pryde will report to Scott Egan, chief executive officer at SiriusPoint. He will be responsible for overseeing the company’s global risk management strategy.

Mr Pryde joins SiriusPoint from Catalina Re, where he was group chief risk officer and responsible for the group’s risk management, compliance, capital modelling and investment risk management.

Mr Pryde has over 25 years of experience in the Bermuda and London insurance and reinsurance markets, previously holding executive director and group chief risk officer roles at both Beazley plc and DARAG.

He has also been chairman at BHI Digital, a digital managing general agent, and Lodestone Security, a US-based cyber consulting company. Mr Pryde started his career as an actuarial consultant at PwC.

Mr Egan commented: “Andrew is a highly accomplished and experienced board level insurance executive with proven experience of implementing strong and valued risk management frameworks. He is a great hire who will add strength and depth as we continue to pursue our ambitions as a business. This appointment will be based in Bermuda, also adding further strength to our Bermuda based team.”

Mr Pryde said: “I am excited to join SiriusPoint. I have watched with interest the new strategy being implemented along with the impressive results achieved to date. I look forward to working alongside the talented team to enhance the company’s risk strategies and help drive continued growth and success in an increasingly complex global market.”

Mr Pryde will replace Andreas Kull, who will stay with SiriusPoint until September to maintain business continuity and a seamless transition of responsibilities to Mr Pryde.