2 June 2023News

Former SiriusPoint CEO joins Asian life insurer

Sid Sankaran (pictured), the former chief executive officer of Bermuda-based SiriusPoint, is to join pan-Asian life insurer FWD Group Holdings Ltd as managing director and group chief financial officer.

Sankaran, who was CEO of SiriusPoint from 2021 when it went public to 2022, has joined the company as a senior advisor from June 1 and takes up his permanent roles effective September 1, subject to regulatory approvals.

Huynh Thanh Phong, chief executive officer of FWD Group, said: "We're very pleased to welcome Sid's leadership for the next stage in FWD's development as we cross our 10th anniversary year. Sid's extensive public company CFO, global insurance industry and listed company board experience will be a fantastic addition to our group executive team."

Sankaran said: "I'm incredibly excited to be joining a life insurance company and team that's successfully positioned itself at the heart of the middle-class growth story in Asia. FWD rapidly gained scale and demonstrated the resilience of its differentiated business model during the pandemic years.

"The company is operating in the most dynamic region in the world for digitally-enabled financial services."

Mr Sankaran succeeds Jon Nielsen, who as previously announced, will be pursuing a career opportunity in North America. Mr Nielsen has committed to remain with FWD Group until 31 August 2023, including through its half-year results, to ensure a smooth transition.

Sankaran serves on the Board of Directors at health insurance company Oscar Health (NYSE: OSCR), where he is acting as their interim CFO.

He was chairman and CEO of SiriusPoint from the company's inception and listing in 2021 until May 2022, having served as the Chairman of the Board of Directors of Third Point Reinsurance Ltd. during its acquisition of Sirius Group.