SiriusPoint CEO Egan hails recovery post underwriting ‘surgery’ and revamp

Scott Egan (pictured), the CEO of  SiriusPoint who took charge 10 months ago, had a promising message for investors, staff, and the insurance industry as the company  reported a strong second-quarter turnaround. Highlighting “demonstrable progress”, Egan attributed the success to the revamped investment strategy and hinted at upcoming  new deals in select areas of the business.

The Bermuda-based specialty re/insurer made a $66 million profit 12 months after it suffered a $60 million loss on its way to an annual loss in 2022 of more than $400 million, including a $300 million investment loss.