SiriusPoint Ltd, a global specialty insurer and reinsurer, has announced that it has appointed Bronek Masojada to the Company’s Board of Directors, effective 2 May 2023.
An insurance industry veteran, Mr Masojada brings to the SiriusPoint board nearly 30 years of public company executive leadership experience. Mr Masojada spent 28 years at Hiscox Group, a global specialist insurer and reinsurer, including more than two decades as its Chief Executive Officer. Mr Masojada also brings a wealth of experience in driving growth and optimizing operations. Under his leadership, Hiscox significantly grew its revenue to almost $5 billion, and expanded its geographic footprint to 34 locations across the world. Currently, Mr Masojada serves as Chair of Placing Platform Limited, the industry utility driving digitization of the London Insurance Market.
Sharon Ludlow, Interim Chair of the Board, said: “We are delighted to welcome Bronek to the SiriusPoint board. His extensive industry and executive leadership experience complements our existing board and will be a great asset to SiriusPoint. With his background of company development and growth, he is exceptionally well placed to support SiriusPoint’s management team in the delivery of their strategic goals and continued focus on performance and value creation.”
Mr Masojada commented: “I am honored to be joining the board of SiriusPoint. The Company has robust foundations and I have been greatly impressed by the strides taken to build the business under its new executive leadership. I look forward to working with the board and the executive team to realize their plans.”
Gretchen A. Hayes, as announced on April 12, 2023, has made the decision to not stand for re-election at the Company’s 2023 Meeting of Shareholders. Following the appointment of Mr Masojada and the departure of Ms Hayes, the SiriusPoint board will consist of nine directors, six of whom are independent.
About Bronek Masojada
Mr Masojada currently serves as Chair of Placing Platform Limited, the industry utility driving digitization of the London Insurance Market. For more than two decades from 2000 to 2021, Mr Masojada served as Chief Executive Officer of Hiscox Group, a global specialist insurer and reinsurer.
Mr Masojada first joined Hiscox in 1993 as Group Managing Director. Prior to joining Hiscox, Mr Masojada began his career at McKinsey & Company. Mr Masojada served as Deputy Chairman of Lloyd’s from 2001 to 2007 and as Chairman of the Lloyd’s Tercentenary Research Foundation from 2008 to 2014. A dedicated member of his community, Mr Masojada chairs the East End Community Foundation which serves residents in Newham, Tower Hamlets, Hackney and the City of London. Mr Masojada received a Bachelor of Science degree in Civil Engineering from the University of KwaZulu Natal, and a Master of Philosophy in Management Studies from the University of Oxford, where he was a Rhodes Scholar.