SiriusPoint looks to Guy Carp in ongoing leadership exodus as CFO resigns

The past few months at global specialty re/insurer  SiriusPoint have been marked with a major leadership overhaul and a number of executive resignations, including now its chief financial officer David Junius.

Junius (Pictured) has resigned from  SiriusPoint to pursue other opportunities. Prior to joining the company and predecessor Third Point Re, Junius spent almost two decades of his career at AIG in top leadership roles, latterly as CFO of international general insurance.

SiriusPoint has replaced Junius with Guy Carpenter's Steve Yendall, who will take up the CFO position from October 31. He will report to chief executive officer Scott Egan as a member of SiriusPoint’s executive leadership team.  Egan recently took charge of the Bermudian carrier, joining from RSA, following the  sudden departure of Sid Sankaran in May. A string of other top executives including its chairman,  chief operating officer and president of insurance and services, have recently resigned from the firm.

Yendall has 25 years of re/insurance industry experience. Most recently, he was managing director at Guy Carpenter, Canada and North America. Prior to that, Yendall was CFO and COO at RSA Canada Group, where he also served as a member of RSA Canada Group of Companies Board of Directors, and RSA Insurance Agency Inc. (RSAIA) Board of Directors. Yendall has held numerous financial, operational and insurance advisory roles over his career at companies including RSA Canada Group, Ernst & Young, and Accenture.

Egan said: “Steve has an accomplished financial background with considerable experience in the Property & Casualty insurance industry. He also has a strong track record of leading successful transformational change - he will be an invaluable asset to SiriusPoint as we execute on our short-term priorities and longer-term strategic objectives. I am delighted to welcome Steve to SiriusPoint and look forward to working with him again.”

Egan added: “On behalf of the SiriusPoint team, I would like to thank David Junius for his contribution to our Company and wish him well in his future endeavours.”

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