SiriusPoint has unveiled a new business structure as part of its ongoing strategic repositioning, consolidating key operations and sharpening its focus on core growth areas across global insurance and reinsurance markets.
The Bermuda-based specialty underwriter announced that it will now operate through four business areas: Global P&C Programs, Global Reinsurance, Global Accident & Health, and a newly established London Market Specialty division. The changes are positioned as the next phase in the company’s evolution following several years of operational and underwriting improvements.
A central element of the restructuring is the creation of a unified Global P&C Programs division, which combines SiriusPoint’s existing North America and International Programs businesses. The move is intended to streamline operations and strengthen the company’s presence in the programs market, a segment that has seen increasing demand from insurers and distribution partners seeking scalable, specialized underwriting solutions.
In parallel, SiriusPoint is establishing a London Market Specialty division, underscoring the strategic importance of its London platform, including its Lloyd’s Syndicate 1945. The division will bring together key specialty lines such as casualty, energy, property, and marine, reflecting the company’s ambition to expand its footprint in the London market and capitalize on opportunities in specialty underwriting.
The company said there will be no structural changes to its Global Reinsurance and Global Accident & Health businesses, which remain core components of its overall portfolio.
Chief executive officer Scott Egan (pictured) described the restructuring as a “natural evolution” of the business, pointing to progress made over the past three years in strengthening underwriting discipline, refining the company’s business mix, and building internal capabilities.
He added that the updated structure is designed to enhance SiriusPoint’s market offering while positioning the company to pursue growth opportunities across its global platforms.
The announcement also confirmed the departure of a senior executive, as part of the organizational changes.
SiriusPoint’s restructuring comes as the company builds on improved financial performance reported at the end of 2025, with management signaling confidence in its ability to deliver disciplined and profitable growth.
By aligning its operations into more focused global divisions and reinforcing its London specialty platform, the firm aims to enhance its competitiveness in an increasingly complex and evolving insurance landscape.
Headquartered in Bermuda and listed on the New York Stock Exchange, SiriusPoint operates across multiple international markets, offering property and casualty as well as accident and health insurance and reinsurance solutions, supported by a network of strategic partnerships and underwriting platforms.
