Chief working officer and insurance coverage & companies president Prashanth Gangu has resigned from world insurer and reinsurer SiriusPoint, lower than a month after the shock exit of former chief govt Siddhartha Sankaran.
“On behalf of the SiriusPoint staff, I wish to thank Prashanth for his contributions to our firm and want him effectively in his future endeavors,” stated interim CEO Daniel Malloy (pictured above), who changed Sankaran after he himself left SiriusPoint earlier this yr.
Gangu’s departure sees the appointments of Patrick Charles (pictured instantly above) and Darryl Siry (pictured under) to the agency’s govt management staff (ELT). Moreover, Charles is promoted to world head of property and casualty (P&C) insurance coverage & companies after beforehand serving as Americas P&C insurance coverage head.
Siry, in the meantime, is presently the chief expertise officer at SiriusPoint. He now additionally joins the ELT. Each Siry and Charles got here onboard in 2021, the yr when SiriusPoint was born out of the merger of specialty reinsurer Third Level Reinsurance and multi-line (re)insurer Sirius Worldwide Insurance coverage Group.
“I’m more than happy to welcome Patrick and Darryl to SiriusPoint’s govt management staff,” commented Malloy. “These appointments recognise the expertise we’ve at SiriusPoint and the contribution that each Patrick and Darryl have made to our enterprise – they’ve been instrumental within the growth of our insurance coverage & companies technique.
“We’ve the appropriate management staff in place to proceed the expansion and growth of the insurance coverage & companies phase, which incorporates our thrilling strategic partnerships method. We’re dedicated to supporting our sizable portfolio of investments and persevering with to place SiriusPoint because the accomplice of alternative for entrepreneurial MGAs (managing common brokers) and insurance coverage service suppliers.”