SiriusPoint appoints key executive to improve underwriting profitability

Global specialty re/insurer  SiriusPoint has appointed a new chief actuary, supporting the business’ underwriting and finance strategies.

Justin Brenden (pictured) will take up the role, subject to approval by the Bermuda Department of Immigration. He will be based in Bermuda and report to SiriusPoint chief financial officer David Junius.

As chief actuary, Brenden will lead SiriusPoint’s actuarial organisation, with responsibility for global reserving and aligning pricing to drive to the company’s objective of improving underwriting profitability.

Prior to the merger between Third Point Re and Sirius Group, Brenden served as EVP, chief reserving actuary at Third Point Re. He joined Third Point Re in its first year of operations and played a significant role in the growth and development of the company. Brenden began his career as an actuarial consultant at Ernst & Young where he primarily served the reinsurance industry.

Junius said: “I am delighted to welcome Justin to the role of Chief Actuary and to make this appointment from the exceptional talent we have within our company. With extensive industry experience and strong professional credentials, Justin has a proven track record of actuarial leadership, supporting the business’s underwriting and finance strategies, and enhancing performance and thought leadership.

“Justin will be instrumental in advancing our efforts to build a highly effective and business-oriented actuarial function which will further efforts to position our business for sustainable underwriting profitability.”

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