SiriusPoint, the Bermudian-based specialty insurer, has announced plans for a restructuring that include combine its existing North America and International programmes businesses into a Global P&C Programmes division.

The new division will be led by Patrick Charles, global head of P&C programmes. As part of the changes, international CEO Rob Gibbs will be leaving the company, SiriusPoint said today.

SiriusPoint will now operate through four business areas, including three globally focused divisions: Global P&C Programmes, Global Reinsurance, Global Accident & Health, and a London Market Specialty division, which includes Lloyd's.

SiriusPoint’s London casualty, energy, property, and marine leaders will form part of the new London Market Specialty division, which will be led by David Govrin, president, in addition to his current responsibilities as chief executive officer, global reinsurance.

Scott Egan, CEO at SiriusPoint, said: “These changes are a natural evolution of SiriusPoint as we build on the significant progress made over the past three years. We have improved our underwriting and operating foundations, sharpened our business mix, built a strong culture, and attracted high-quality talent.

“Our financial performance at the end of 2025 shows the momentum we have across the business. We believe these changes strengthen our offering to the market and support our strategic ambitions across our geographies, platforms, and specialisms.

“We are positioning the business to capitalise on growth opportunities while continuing to deliver disciplined, profitable performance.”

On the departure of Mr Gibbs, who joined SiriusPoint in December 2022, Mr Egan said: “Rob brought leadership and energy when the business needed it most, and he goes with my sincere thanks for all that he has done for SiriusPoint.”

The company added there will be no changes to its Global Reinsurance and Global Accident and Health businesses.