SiriusPoint selects deputy chief underwriting officer

International specialty insurer and reinsurer SiriusPoint has introduced the appointment of Anthony Shapella (pictured) as deputy chief underwriting officer.

Shapella will assume the newly created function on September 5, working from New York. He’ll report on to David Govrin, group president and chief underwriting officer, and play a pivotal function in driving underwriting worth and development.

The main target of Shapella’s remit will probably be key areas like profitability and efficiency administration, optimisation of underwriting capital allocation, disciplined portfolio administration, and the implementation of a unified underwriting method throughout SiriusPoint’s international operations.

Shapella’s credentials embrace a decade-long tenure at AIG the place he served in numerous capacities equivalent to international head of portfolio analytics, chief threat officer for monetary and legal responsibility strains, and threat aggregation analytics director. He additionally held insurance coverage consulting and reinsurance brokerage positions at Towers Watson.

Commenting on the appointment, Govrin highlighted Shapella’s management qualities and deep understanding of the underwriting panorama.

“SiriusPoint is an underwriting-first firm, and we have now undertaken appreciable motion during the last two years to refine our underwriting mannequin and tradition, align our threat urge for food with our international technique, and impact dramatic enchancment in our portfolio,” he stated.

“I’m delighted that we’re making a tradition and constructing a monitor file of efficiency that’s drawing the business’s high expertise to us.” 

Shapella additionally conveyed his enthusiasm about becoming a member of the (re)insurer and contributing to its development trajectory.

“There may be actual momentum constructing at SiriusPoint for the corporate to grow to be ‘finest in school’ within the markets during which it operates,” stated Shapella. “Continued disciplined underwriting is a part of the journey to profitability and success, and I’m wanting ahead to becoming a member of the corporate to contribute and collaborate with the workforce and our stakeholders.”

Shapella is the newest addition to SiriusPoint’s roster. In June, Linda Lin was named chief authorized officer and Bronek Masojada was chosen as chair of the corporate’s board of administrators.

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