SiriusPoint sets sights on global expansion, MGAs and key business lines
Global specialty re/insurer SiriusPoint is ramping up its international expansion efforts with a senior hire from RSA Insurance Group, aiming to enhance key business lines and drive its profitable growth strategy.
The company has appointed Alex Hardy as director of sales & distribution for its international business. Hardy, who joins on December 4, will be based in London, and will report into Rob Gibbs, president & CEO, SiriusPoint International.
Hardy has worked in the insurance industry for over 20 years. He will use his market experience to build out the company’s managing general agent (MGA) proposition, in conjunction with the Stockholm-led MGA Centre of Excellence. In addition, he will work with the international trading teams with a view to growing key international business lines such as aviation & space, casualty, credit, energy, and marine, supporting the international strategy for profitable growth, and building on the company’s Lloyd’s, London market, and delegated authority proposition.
Hardy’s appointment follows recent partnerships with MGAs which have emerged from the MGA Centre of Excellence: Stockholm-based Nordic Marine Insurance, and London-based managing general underwriter Eaton Gate.
Hardy joins SiriusPoint from RSA Insurance Group, where he was sales and distribution director. Prior to that, he held a number of senior roles at Lloyd’s motor syndicate ERS and Aviva.
Gibbs said: “Alex’s market knowledge and unparalleled industry network will be invaluable to SiriusPoint’s ambitious growth plans over the next five years. It is imperative that we invest in the best market-facing talent, as we continue to strengthen our market leading relationships and leverage our capital and global licensing, to drive growth in our key regions.”
“I know Alex will bring structure, clarity and drive to what we do, as well as supporting the development of customer-focused solutions which underpin our ‘One SiriusPoint’ ethos,” added Mr. Gibbs. “He will be a key part of SiriusPoint International’s expanding team as we continue to build strong MGA partnerships that enhance our underwriting expertise and support our growth ambitions.”
Hardy’s hire follows a number of senior appointments at SiriusPoint this year, including head of marine, Stephen Smyth; head of casualty, London, David Rees; global head of ceded reinsurance, Habib Kattan; deputy chief underwriting officer, Anthony Shapella; chief legal officer, Linda Lin; and global head of claims, Trecia Sigle.
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