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HomeInsurance Business AmericaSiriusPoint confirms newest management departure – inner hires named

SiriusPoint confirms newest management departure – inner hires named


Chief working officer and insurance coverage & providers president Prashanth Gangu has resigned from international insurer and reinsurer SiriusPoint, lower than a month after the shock exit of former chief government Siddhartha Sankaran.

“On behalf of the SiriusPoint staff, I wish to thank Prashanth for his contributions to our firm and want him effectively in his future endeavours,” mentioned interim CEO Daniel Malloy (pictured above), who changed Sankaran after he himself left SiriusPoint earlier this 12 months. Extra on that right here.

Gangu’s departure sees the appointments of Patrick Charles (pictured instantly above) and Darryl Siry (pictured under) to the agency’s government management staff (ELT). Moreover, Charles is promoted to international head of property and casualty (P&C) insurance coverage & providers after beforehand serving as Americas P&C insurance coverage head.

Siry, in the meantime, is at present the chief expertise officer at SiriusPoint. He now additionally joins the ELT. Each Siry and Charles got here onboard in 2021, the 12 months when SiriusPoint was born out of the merger of specialty reinsurer Third Level Reinsurance and multi-line (re)insurer Sirius Worldwide Insurance coverage Group.

“I’m very happy to welcome Patrick and Darryl to SiriusPoint’s government management staff,” commented Malloy. “These appointments recognise the expertise now we have at SiriusPoint and the contribution that each Patrick and Darryl have made to our enterprise – they’ve been instrumental within the improvement of our insurance coverage & providers technique.

“We’ve got the appropriate management staff in place to proceed the expansion and improvement of the insurance coverage & providers phase, which incorporates our thrilling strategic partnerships strategy. We’re dedicated to supporting our sizable portfolio of investments and persevering with to place SiriusPoint because the accomplice of selection for entrepreneurial MGAs (managing normal brokers) and insurance coverage service suppliers.” 



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