Sirius builds new platforms after hiring new execs

Sirius, the Bermuda-based holding company, has launched new primary surety and environmental platforms after hiring two experienced executives from Tokio Marine and Great American Insurance Group.

Matt Olsen has joined Sirius International Insurance Group as senior vice president – surety. Olsen has 18 years of direct surety underwriting experience, the last seven of which were with Tokio Marine/HCC Surety Group as vice president and underwriting director.

Doug Stepenosky joins as managing director – environmental division. Stepenosky has 21 years of direct environmental underwriting experience, the last nine of which were with Great American Insurance Group as senior vice president.

Allan Waters, Sirius Group chairman and CEO, said: “We are excited to add such talented underwriters to the Sirius team. Both Matt and Doug are recognized leaders in their areas of expertise and have the same careful approach to the insurance business as Sirius has deployed for decades.”