SiriusPoint has appointed Eleanor Gibson (pictured above) as its new international chief underwriting officer, effective May 6.
She will be based in London and report to Rob Gibbs, president and CEO of SiriusPoint International, and Anthony Shapella, group chief underwriting officer.
In her role, Gibson will oversee underwriting and portfolio management activities across SiriusPoint’s international operations. Her responsibilities will include leading strategic efforts focused on underwriting performance and growth.
Gibson joins SiriusPoint with three decades of experience in the insurance and reinsurance industry. Most recently, she served as credit lines chief underwriting officer at AIG, where she was responsible for global commercial underwriting in trade credit, trade finance, political risk, and surety run-off.
Her prior roles include positions at Tokio Millennium Re, Lloyd’s, Radian, Merrill Lynch International, Rhine Re Financial, Bankers Trust International, and R.J. Kiln & Co., where she began her career.
Gibbs said Gibson’s leadership and industry background will support SiriusPoint’s efforts to strengthen its international underwriting operations, working alongside the chief underwriting office as it develops its global framework and underwriting standards.
Her appointment follows the recent announcement that James Anderson will join SiriusPoint as global chief pricing actuary on May 12.
The recent appointments come amid growth for the company, with SiriusPoint reporting a fourth-quarter combined ratio of 90.2% for its core business, a 3.2-point improvement from the previous year. The full-year core combined ratio stood at 91.0%, contributing to US$200 million in core underwriting income.
Gross premiums written for continuing lines of business, excluding exited programs from 2023, increased 21% in the quarter and 10% for the full year.
The global re/insurer also had its operating subsidiaries’ outlook revised by AM Best from stable to positive, citing the company’s "very strong balance sheet."
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