SiriusPoint reveals new head of US and Canada reinsurance

Global specialty re/insurer  SiriusPoint has appointed a new head of US and Canada reinsurance, replacing industry veteran Warren Trace who has retired.

Trace has served at Sirius Group and predecessor companies for over 38 years. Prior to the merger of Sirius Group and Third Point Re last year, Trace acted as president of North America reinsurance and deputy CUO for the Americas at Sirius Group. Previously, he was the chief executive officer of Sirius Bermuda.

He will be replaced by Ari Chester (pictured) as head of US and Canada reinsurance. Chester moves into this role from chief operating officer, Americas reinsurance at SiriusPoint.

In his new role, Chester will be responsible for managing the US and Canadian business across property treaty, casualty treaty, and other specialist lines.

Prior to joining SiriusPoint in early 2021, Chester was a partner at McKinsey & Company, where he held leadership roles in underwriting, risk, and strategy serving insurance and reinsurance companies in the US, Bermuda, London Market, and Europe.

David Govrin, global chief underwriting officer and president of Americas reinsurance, said: “With his broad industry experience and outstanding contribution since joining SiriusPoint, Ari will be instrumental in advancing our efforts to continue building our business, modernising our platform, and supporting strategic growth for SiriusPoint.”

Chester commented: “It is exciting to step into this role. Having gotten to know our underwriting teams over the last several months, SiriusPoint has world class talent and punches well above its weight.”

Monica Cramer Manhem, president international reinsurance, added: “Warren has been a true industry leader. I value him as both a colleague and a friend, and we will miss his presence. I am grateful for Warren’s passion, his dedication to our company and the numerous people he has mentored and generously shared his time and expertise with. We all wish him well in his retirement. Ari has played an instrumental role in the launch of SiriusPoint, and I look forward to our continued collaboration and future successes.”

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