Newest transfer brings the board to 10 members
International specialty re/insurer SiriusPoint has introduced the appointment of Susan Cross (pictured above) as board director, efficient Could 24, 2024. Her addition brings the entire variety of board members to 10.
Cross has over 40 years of expertise within the reinsurance business, specializing in creating and main actuarial and analytical capabilities to assist world progress.
She has been a director of Enstar Group Restricted since October 2020 and beforehand served as government vice chairman and world chief actuary at XL Group (now AXA XL) from 2008 to 2018.
Along with her roles at SiriusPoint and Enstar, Cross serves as a non-executive director at Unum Group, a Fortune 500 insurer. She has additionally been on the boards of IFG Corporations, American Strategic Insurance coverage, Mid Ocean Restricted, and XL Life Ltd.
Bronek Masojada, chair of the board at SiriusPoint, welcomed Cross’s addition to the board.
“Susan is a enterprise chief and an skilled board director who fosters progressive cultures to drive progress. Her expertise of working with world organizations via varied levels of evolution might be invaluable as we proceed to assist the chief management crew and the broader enterprise, as they execute SiriusPoint’s plans and ship outcomes for our shareholders,” Cross mentioned.
He added that he appears to be like ahead to working with Cross as she brings her world insurance coverage data, monetary experience, and strategic considering to the board of administrators.
Earlier this month, SiriusPoint disclosed its monetary outcomes for the primary quarter ended March 31, 2024, revealing shifts in core premium volumes and core outcomes.
Within the first quarter, SiriusPoint skilled a lower in gross premiums written by $179.5 million, or 16.9%, totaling $880.7 million, down from $1,060.2 million within the comparable interval of 2023. Web premiums earned additionally fell by $32.9 million, or 6.0%, to $517.8 million.
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