Sirius unveils key promotions, new management committee ahead of merger deal
Bermuda-based Sirius International Insurance, a global multi-line re/insurance group, has revealed several key promotions and the formation of a new management committee.
The company said these changes are being made in anticipation of the previously announced business combination of Sirius Group with Easterly Acquisition, pursuant to which Easterly will merge with and become a wholly owned subsidiary of Sirius Group, and Sirius Group will become a publicly listed company.
Kernan V. (Kip) Oberting has been appointed president of Sirius Group, responsible for managing the corporate, investment management, finance and public company financial reporting functions of Sirius Group. He will also continue to serve as chief financial officer of Sirius Group and president of Sirius Capital Markets.
Monica Cramér Manhem is appointed to the newly created role of chief operating officer of Sirius Group, and will be responsible for the day-to-day administration and operation of the insurance and reinsurance businesses of Sirius Group. She will also continue to serve as president and chief executive officer of Sirius International Insurance Corporation.
Finally, Gene Boxer is appointed to the newly created role of chief strategy officer of Sirius Group, and will be responsible for guiding the development and driving the delivery of the company's strategic initiatives. He will also continue to serve as executive vice president, group general counsel of Sirius Group.
All the three executives will continue to report to chairman and chief executive officer, Allan Waters, and will serve with Waters on Sirius Group's new management committee. The Committee is the senior decision-making body responsible for the oversight of the day-to-day business operations of Sirius Group.
Waters said: "The strength of Sirius lies in its people. Each of Kip, Monica and Gene exemplify the talent, experience, culture and work ethic of our organization. Monica has been with Sirius Group affiliates since 1985 and has been a key architect of our underwriting engine. Kip joined the team in 1995 and has been in the middle of our M&A, capital and strategic planning from day one. Gene, while newer to the team, hit the ground running and has shown extraordinary skills in managing our recent M&A transactions and public company preparations. Talent and culture run deep in Sirius; these three are the tip of the iceberg."
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