Bermudian insurer Sirius Group has decided to overhaul its global operating structure as part of its long-term business objectives to focus on core underwriting business.
Under the plans, the company has promoted a number of staff so that they can effectively manage global client relationships and exposures.
Sirius has also established a new global management committee which includes business leaders and executive officers of Sirius Group.
Sirius Group president and CEO Kip Oberting said: “Sirius Group’s franchise is unique because of our local relationships with clients, which span the globe.
“The changes we are announcing today are a key part of our push to unify our global operating structure, and enable our teams to more cohesively serve our clients and build partnerships under the global Sirius Group brand. This supports our growth. I am as excited as ever about the future of our company.”
Monica Cramér Manhem – president of global reinsurance; Jan Onselius – chief underwriting officer of global reinsurance; Patrick Chamberland – EVP of international reinsurance; and Dan Wilson – president of US specialty insurance, are the business segment leaders elevated to drive growth in their business.
Other promoted leaders include Warren Trace – president of North America reinsurance and deputy-chief underwriting officer Americas; Neal Wasserman – president of global runoff solutions; and Stuart Liddell – global head of life, accident and health.
The business leaders joining the new management committee are Tom Leonardo – head of US accident and health; Robert Harman – managing director of Sirius International Managing Agency (Lloyd’s Syndicate 1945); Ian Sawyer – head of casualty reinsurance; Simon Acland – chief underwriting officer of Sirius International Managing Agency (Syndicate 1945); Martin Hamrin – manager and group underwriting analytics and chief portfolio officer, reinsurance; and Lars Andersson – financial reporting, global reinsurance.
The executive officers who will also be joining the committee are – Ralph Salamone – EVP, chief financial officer; Gene Boxer – EVP, chief strategy officer & group general counsel; Jeffrey Davis – EVP, chief actuary & chief risk officer; and Beth Boucher – Sirius Group’s incoming chief information officer.
With $2.7bn of GAAP capital, Sirius Group operates as a multi-line re/insurer and runs offices in Stockholm, New York and London.