SiriusPoint secures seasoned Lloyd’s veteran and former Hiscox CEO Masojada to support business plan
Global specialty re/insurer SiriusPoint has managed to secure the former CEO of Hiscox, a Lloyd’s of London veteran of over 30 years and the current chair of its PPL platform, to help shape its strategic plan with a focus on “performance and value creation” amid an ongoing transformation of the business.
Bronek Masojada (pictured) has joined SiriusPoint’s board of directors.
Masojada currently serves as chair of Lloyd’s Placing Platform Limited (PPL), the industry utility driving digitisation of the London Insurance Market. Prior to that, he spent 28 years at Hiscox Group, including more than two decades as its chief executive officer. Under his leadership, Hiscox grew its revenue to almost $5 billion, and expanded its geographic footprint to 34 locations across the world.
With almost three decades of public company executive leadership experience in the insurance industry, Masojada brings SiriusPoint board extensive knowledge in driving growth and streamlining operations.
Following the appointment of Masojada and the departure of Gretchen Hayes, SiriusPoint’s board will consist of nine directors, six of whom are independent. Hayes has made the decision to not stand for re-election at the company’s 2023 meeting of shareholders.
Sharon Ludlow, interim chair of the board, said: “We are delighted to welcome Bronek to the SiriusPoint board. His extensive industry and executive leadership experience complements our existing board and will be a great asset to SiriusPoint. With his background of company development and growth, he is exceptionally well placed to support SiriusPoint’s management team in the delivery of their strategic goals and continued focus on performance and value creation.”
Masojada said: “I am honoured to be joining the board of SiriusPoint. The Company has robust foundations and I have been greatly impressed by the strides taken to build the business under its new executive leadership. I look forward to working with the board and the executive team to realise their plans.”
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