Global specialty insurer and reinsurer SiriusPoint has made a series of appointments as part of the expansion of its Life Reinsurance business.
Lourens Fourie joins SiriusPoint as Senior Client manager, Saskya Hafner-Cordova as Client Manager, Chris Reynolds as Head of Life Pricing and Christina Cosma as Pricing Actuary.
The expanded newly team has the mandate to write Life business worldwide and is led by Florian Boecker, Head of Life Reinsurance.
Boecker commented: “I am very pleased to welcome our new colleagues to SiriusPoint.
“We see real opportunity in the Life Reinsurance market and have responded to that by building an expert team based in our Zurich office.”
“In particular, we are seeing growing demand for highly effective and flexible risk solutions for short-term life reinsurance for Group Life, Disability and Critical Illness business.
“This is a large, though historically niche market which is underserved and expected to grow significantly over the coming years.
“We believe we can improve the current reinsurance offerings in this market, offering clients solutions to their short-term Life Insurance needs, while achieving attractive risk-adjusted returns for our shareholders.
“The COVID-19 pandemic, for example, has impacted a number of large Group Life markets, and our clients and brokers are seeing significant scaling back of reinsurance capacity, increased rates and restrictions to covers.
“In this situation, we are in a position to offer fresh capacity and an innovative approach when our partners need it most.”
Stuart Liddell, Global President, Life, Accident & Health at SiriusPoint, commented: “I am delighted with the expert team that Florian has assembled to significantly increase SiriusPoint’s presence in the Life Reinsurance space.
“Our team now has experience in Life markets around the world, and we see potential to greatly broaden our product offerings and enhance the solutions available to our clients, responding to growing and developing demand.”