FWD bolsters leadership with new group CFO

He succeeds Jon Nielsen, who has left the company to pursue an opportunity in North America

FWD bolsters leadership with new group CFO

Insurance News

By Kenneth Araullo

FWD Group has strengthened its executive leadership with the appointment of Sid Sankaran as new group chief financial officer and managing director, effective Sept. 1 and subject to regulatory approval. Sankaran will join FWD on June 1 as a senior adviser.

Sankaran succeeds Jon Nielsen, who recently exited the pan-Asian insurer to pursue a career opportunity in North America. Nielsen will remain with the group until Aug. 31, including for its half year results, for a smooth transition.

According to his LinkedIn, Sankaran started out as a partner for Oliver Wyman before moving to AIG. He was then appointed as the board chair for Third Point Re before joining SiriusPoint as chairman and CEO. He currently sits on the board of directors for Oscar Health following a two-year stint as its chief financial officer.

In his upcoming role at FWD, he will report to group CEO Huynh Thanh Phong, who welcomed Sankaran to the firm.

“We’re very pleased to welcome Sid’s leadership for the next stage in FWD’s development as we cross our 10th anniversary year. Sid’s extensive public company CFO, global insurance industry and listed company board experience will be a fantastic addition to our group executive team,” he said.

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