’It is an honour to take on the role of chair,’ says new appointee

Global specialty insurer and reinsurer SiriusPoint has appointed former Hiscox chief executive Bronek Masojada as the new chair of its board of directors.

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Read: SiriusPoint names ex-RSA boss Scott Egan as new chief executive

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Masojada joined Hiscox in 1993 as group managing director before being appointed chief executive in 2000.

During his time at Hiscox, the firm grew its revenues from $500m (£399m) to almost $5bn (£399bn) and expanded from a single office in London to 34 across the world, growing its staff base from 200 to more than 3,000.

He is currently the chair of Placing Platform Limited, which is an electronic placing platform for the London insurance market.

In a statement confirming his appointment at SiriusPoint last week (2 June 2023), Masojada said: “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.”

Succession 

Masojada joined the board on 2 May 2023, taking over from interim chair Sharon Ludlow.

Read: Hiscox pays homage to outgoing chief executive Masojada

Read: Hiscox’s Masojada to retire this year as ‘time is right to hand over to new leadership’

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Ludlow joined the board in February 2021 on an interim basis and held several senior positions during her career, including president and chief executive for Swiss Re’s Canada and Toronto business.

She will continue to serve as a non-executive director as well as chair of SiriusPoint’s audit committee.

“It has been an honour to serve as interim chair of the SiriusPoint board,” she added. 

“Bronek and Scott Egan (SiriusPoint chief executive) 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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