SiriusPoint announces changes to chief underwriting office
SiriusPoint , a specialty insurer and reinsurer, has announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025.
From January 1, 2025, Anthony Shapella will be promoted into the role of Group Chief Underwriting Officer and will join the Executive Leadership Team. David Govrin will now focus entirely on his role as Group President and Chief Executive Officer of Global Reinsurance. Mr. Govrin has held the dual role of Group President and Chief Underwriting Officer and Global Profit and Loss (P&L) Lead for Reinsurance since February 2021.
“As our business continues to grow, and we look to 2025, we believe that now is the right time to review the structure of our Chief Underwriting Office,” said Scott Egan, Chief Executive Officer at SiriusPoint. “This is part of a continuing plan to ensure our operating model is well structured for the next chapter of SiriusPoint’s journey to become a best-in-class class insurer and reinsurer.”
Mr. Egan added: “David has done an excellent job driving and leading the underwriting turnaround of our business, including recruiting, coaching, and mentoring talent in the organization. Both David and Anthony are incredibly valued members of the team, and Anthony has benefitted from David’s mentorship since he joined the business 15 months ago. We value the opportunity to promote talent from within our organisation and are pleased that Anthony will lead our Chief Underwriting Office as David continues to focus on executing our plans to further grow SiriusPoint’s reinsurance offering.”
“I am extremely proud of the underwriting track record we have delivered over the last eight quarters through our focused and disciplined underwriting,” said Mr. Govrin. “Anthony has been a great addition to the CUO office and is well positioned to lead the underwriting organization and continue our progress to deliver long-term profitable growth. Anthony will be a fantastic addition to our executive team. I am excited to be able to focus 100% on our important and growing reinsurance business, which has been a large contributor of our profitability over the last two years.”
Mr. Shapella joined SiriusPoint in September 2023 as Deputy Chief Underwriting Officer. Previous to that he was at AIG as Head of Portfolio Analytics, General Insurance.
“I am delighted to have been given the opportunity to join the Executive Leadership Team and be promoted to Group Chief Underwriting Officer,” said Mr. Shapella. “I would like to thank David for his mentorship and leadership of the Chief Underwriting Office, and I am excited by the opportunities ahead.”
