SiriusPoint hands top Lloyd’s market role to reinsurance veteran

Global specialty re/insurer  SiriusPoint has appointed reinsurance veteran, formerly of XL Catlin and CEO of Asia Capital Re, to the role of active underwriter of Lloyd’s Syndicate 1945.

Bobby Heerasing (pictured) will take on the responsibility of SiriusPoint’s Syndicate 1945 and its UK branch operations. He currently serves as the head of international strategic business development.

It was previously announced that Heerasing will take on the role of SiriusPoint UK country brand manager following the sale of SiriusPoint’s Lloyd’s managing general agent to Mosaic Insurance. The sale, which is expected to complete in Q4 2022 subject to Lloyd’s and regulatory approvals, will see Robert Harman, managing director of Sirius International Managing Agency (SIMA) and SiriusPoint London chief executive officer, transition to Mosaic to continue his role as CEO of the managing agency. SiriusPoint will retain Syndicate 1945 and its UK branch operations.

Heerasing joined SiriusPoint in October 2021 with over 25 years of market experience. Previously CEO of Asia Capital Re and a Board member of ACR Holdings and ACR Group, he also spent 18 years at Catlin as chief underwriting officer, and XL Catlin as regional underwriting director of Asia Pacific (Insurance).

“I am very pleased to take on the role of Active Underwriter of Syndicate 1945,” said Heerasing. “The Lloyd’s market is an invigorating environment – it offers unique opportunities and capabilities that reward and drive entrepreneurial and innovative risk solutions. I look forward to my continued work with the SiriusPoint team and our valued brokers and partners, as we expand our capabilities for the future.”

Scott Egan, chief executive officer of SiriusPoint, said: “I am delighted to have an underwriter of Bobby’s caliber and experience leading Syndicate 1945. The Lloyd’s market is an important and integral part of SiriusPoint’s offering. The strength of this appointment reflects our commitment to building a profitable and sustainable business and adding value to the Lloyd’s franchise.”

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