SiriusPoint

The aviation programme manager will exclusively use SiriusPoint’s paper across the US.

Bronek Masojada served as CEO of Hiscox until January 2022 and was appointed to SiriusPoint’s board in May.

Egan will receive an annual base salary of $1.1mn and an annual target bonus equal to 140% of his salary.

Inside P&C’s news team runs you through the key highlights of the week.

The company has been weakened somewhat, and the base case now is a return to grinding out new CEO Scott Egan’s refined strategy.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Howden Tiger is advising the Bermudian as it seeks to realize value from its portfolio and simplify its story for investors.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Loeb revealed his intention to take SiriusPoint private last month, saying that it would better position the company to execute its turnaround strategy.

Bermudian carrier SiriusPoint’s equity stake in D&O MGA Banyan Risk has been reduced to 49% from 100%, filings show.

While SiriusPoint CEO Scott Egan said the committee of independent directors will examine any acquisition proposals, he added that there’s “no assurance” any deal will be executed.

Following the departure of Gretchen Hayes and the appointment of Masojada, SiriusPoint board will consist of nine directors, six of whom are independent.