SiriusPoint, a specialty insurance and reinsurance company, has announced changes to its business structure and will now operate through four business lines: Global Property & Casualty Programs, Global Reinsurance, Global Accident and Health and the London Market Specialty segment, which includes Lloyd’s.
The new Global P&C Projects unit will combine SiriusPoint’s existing North American and international projects operations into one unit. Led by Patrick Charles, Global Head of P&C Projects, the unit reflects the company’s commitment to the projects area and aims to further enhance its service offering to customers and distribution partners around the world.
SiriusPoint, the leader in London casualty, energy, property and marine products, will become part of the new London market specialist division, which will be led by President David Govrin, who currently serves as CEO of Global Reinsurance.
The London Market Specialty segment highlighted the strategic importance of SiriusPoint’s London platform, including Syndicate 1945, and underlined the company’s commitment to growing the London Specialty business.
Meanwhile, there will be no changes to SiriusPoint’s global reinsurance and global casualty and health businesses.
“These changes are a natural evolution for SiriusPoint as we build on the significant progress we have made over the past three years,” said SiriusPoint CEO Scott Egan. “We have improved our underwriting and operating fundamentals, refined our portfolio, built a strong culture and attracted high-quality talent.
“Our financial results to the end of 2025 demonstrate the momentum across our business. We believe these changes strengthen our offering to the market and support our strategic ambitions across geographies, platforms and specialties.
“Our business is positioned to capitalize on growth opportunities while continuing to deliver disciplined, profitable performance.”
As part of the reorganization, Rob Gibbs is leaving SiriusPoint. “Rob brought leadership and energy when the business needed it most, and I sincerely appreciate all he has done for SiriusPoint,” Egan added.
SiriusPoint also recently announced 2025 results, which included full-year net income for common shareholders of $444 million and fourth-quarter net income of $240 million.
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