Former US specialty president Wilson to leave SiriusPoint

Former Sirius Group US specialty president Dan Wilson is leaving the newly merged SiriusPoint operation, The Insurer can reveal.

According to sources, the executive has agreed a parting of the ways with the $3bn+ capitalised Bermudian, which was formed after the transaction to combine Sirius with Third Point Re closed late last month.

Wilson was a notable absentee in the combined management structure revealed with the launch of SiriusPoint. He is thought to be seeing out his contractual obligations and it is not known if the executive has a new role lined up.

He most recently spearheaded the creation of an E&S insurance platform at Sirius.

The unit was launched last September and has begun underwriting environmental business as well as certain travel and health policies.

Sirius was granted authority to establish the New Hampshire-based domestic surplus lines insurer, Sirius Specialty Insurance Company, with authority for various lines of business including accident and health and property casualty.

Wilson is a long-serving executive at Sirius, having joined its US insurance platform in 1996 as chief claims officer.

After almost 12 years he took the role of president and CEO of Sirius Global Services, before moving into the COO role at Sirius America Insurance in 2009 for two years.

He was promoted to president and CEO of the unit in 2011 and was in the role for more than eight years before becoming president of US specialty in 2019, according to his LinkedIn profile.

The exit of Wilson is not expected to impact SiriusPoint’s strategy to grow its E&S platform in the US.

In an interview with this publication in early March, SiriusPoint chairman and CEO Sid Sankaran highlighted the opportunity the carrier sees in the US insurance sector, including the E&S market, which continues to show strong pricing momentum in 2021.

He said that SiriusPoint would consider partnering with top-tier underwriters – similar to its approach to support the John Boylan liability MGA Arcadian Risk – as well as building out in-house underwriting capabilities for the E&S platform.

“One of the advantages of our platform is that we don’t have a lot of channel conflict. So we have a lot of platform, paper and capital, but we don’t yet have a lot of business. Everything is on the table and it’s a market we like, given where it is in the cycle,” he commented.

Sankaran has already made key hires more broadly in the insurance space to drive the company’s strategy going forward.

They include Prashanth Gangu, who has been brought in from Oliver Wyman to head up SiriusPoint’s newly formed tech-enabled insurance and services division.

The division will house a “technology-enabled insurance business”.

It will include the combined operation’s global accident and health business, SiriusPoint’s Lloyd’s platform, MGUs International Medical Group and ArmadaCare, MGAs including Arcadian Risk and SiriusPoint’s insurtech portfolio, including investments in Rhino, Pie Insurance and Noblr.

SiriusPoint declined to comment on this article.