SiriusPoint shake-up rages on, COO exits, newbies promoted to board

An ongoing management shake-up at specialty re/insurer  SiriusPoint continues unabated as chief operating officer Prashanth Gangu follows former CEO Sid Sankaran to the exit and two senior leaders receive promotions to the executive leadership team.

Patrick Charles (pictured, left) joins the board on promotion to global head of property/casualty after having brought his 20 years of underwriting experience to  SiriusPoint just eight months ago in September 2021 to become head of Americas for P&C.

Charles becomes responsible for the company’s global strategy in P&C insurance, the expansion of  SiriusPoint's strategic partnerships, and the development of products and services to support new and existing partnerships.

Darryl Siry (pictured, right), the company’s chief technology officer, will also take a seat on the executive board. Siry has been with the company for a year leading the tech integration and is additionally responsible for the development of the managing general agency (MGA) operating platform.

Interim CEO Dan Malloy commented: “I am very pleased to welcome Patrick and Darryl to  SiriusPoint's Executive Leadership Team. These appointments recognize the talent we have at  SiriusPoint and the contribution that both Patrick and Darryl have made to our business - they have been instrumental in the development of our Insurance & Services strategy.

“We have the right leadership team in place to continue the growth and development of the Insurance & Services segment, which includes our exciting strategic partnerships approach. We are committed to supporting our sizable portfolio of investments and continuing to position  SiriusPoint as the partner of choice for entrepreneurial MGAs and insurance service providers.”

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