Industry stalwart Masojada takes reins as chair of SiriusPoint amid turnaround

Global specialty re/insurer  SiriusPoint has named seasoned Lloyd’s veteran and former Hiscox CEO Bronek Masojada (pictured) as its new chair, just a month after his appointment to the board.

Masojada  joined the board on May 2 to help SiriusPoint shape its strategic plan with a focus on “performance and value creation” amid an ongoing transformation of the business.

Masojada is an insurance market veteran with over 30 years’ leadership experience in the industry. He retired as chief executive of Hiscox in 2021, where he had an impressive career trajectory. Starting as the group managing director in 1993, he was later appointed as the CEO in 2000. Under his leadership, Hiscox grew its revenues from $500 million to nearly $5 billion, and expanded its global presence from a single office in London to 34 offices worldwide and saw its workforce grow from 200 staff to over 3,000. Prior to joining Hiscox, Masojada began his career at McKinsey & Company. Currently, he serves as chair of Placing Platform, the industry utility driving digitisation of the London Insurance Market.

“It is an honour to take on the role of Chair at this pivotal stage of SiriusPoint’s development. The Company has robust foundations, an established platform, and an experienced executive leadership team focused on driving performance and delivering results,” said Masojada.

"On behalf of the board and management team I extend the Company’s thanks to Sharon Ludlow. As interim Chair, Sharon has guided the board through a challenging transitional year, led the appointment of a CEO who specialises in transformation and growth, and positioned SiriusPoint for future success. I look forward to continuing to work with Scott and his executive team, and Sharon and our fellow directors, to ensure that performance, stakeholder focus, and value creation remain central to the Company,” he added.

Sharon Ludlow, who joined the board in February 2021, and has been interim chair since May 2022, will continue to serve as a non-executive director, and also remain chair of SiriusPoint’s audit committee.

Ludlow said: “It has been an honor to serve as interim Chair of the SiriusPoint Board. Bronek and Scott have valuable and complementary leadership experience building businesses and teams, and driving strong performance and culture. I look forward to continuing to work with them, my director colleagues, and the executive management team, to support SiriusPoint as the Company enters its next stage of development and growth.”

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