SiriusPoint appoints former Hiscox CEO as chairman
Former Hiscox chief executive officer Bronek Masojada (pictured) has been appointed as chairman of Bermuda-based specialty re/insurer SiriusPoint.
SiriusPoint said Masojada, who helped to lead Hiscox for more than 30 years, replaces Sharon Ludlow, who has been interim chairwoman since May 2022. Ludlow will continue to serve as a non-executive director. Ludlow also remains chairwoman of SiriusPoint’s audit committee.
Masojada, who joined the board as a non-executive director last month, 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.
"On behalf of the board and management team I extend the company’s thanks to Sharon Ludlow. As interim chair, Sharon has guided the board through a challenging transitional year, led the appointment of a CEO who specialszes in transformation and growth, and positioned SiriusPoint for future success.
"I look forward to continuing to work with Scott and his executive team, and Sharon and our fellow directors, to ensure that performance, stakeholder focus, and value creation remain central to the Company.”
Ludlow said: “It has been an honour to serve as interim chair of the SiriusPoint board. Bronek and chief executive Scott Egan 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.”
Masojada retired as CEO of Hiscox in 2021. He joined Hiscox in 1993 as group managing director, and was appointed CEO in 2000. During his time at Hiscox it grew its revenues from $500 million to almost $5 billion, from a single office in London to 34 across the world and from 200 staff to over 3,000.
Currently, he serves as chairman of Placing Platform, an industry utility driving digitisation of the London Insurance Market.
