He was most recently the chief executive of Royal Sun Alliance (RSA) UK & International
SiriusPoint has announced that Scott Egan has been appointed as the Company’s chief executive officer, effective 21 September 2022.
Most recently the chief executive of Royal Sun Alliance (RSA) UK & International, and a FTSE 100 board director for six years, Egan brings over 25 years of insurance industry experience.
“The Board of Directors has concluded a rigorous search and we are thrilled to welcome Scott to SiriusPoint. Scott’s leadership qualities and experience are well-suited to SiriusPoint and the opportunities ahead,” said Sharon Ludlow, interim chair of the Board of Directors.
“Scott brings extensive expertise of leading businesses through transformation and growth, and has a successful track record in risk and financial management. The Board looks forward to working with Scott and the management team to shape our business and create sustainable value for our partners and investors,” she continued.
In May, the reinsurer announced that Siddhartha (Sid) Sankaran, chairman and CEO, had resigned from the company to pursue other opportunities.
The board named Daniel Malloy as interim chief executive officer while it initiated a search for a permanent successor.
Egan commented: “I am excited to join SiriusPoint at this key stage in the Company’s transformation. I look forward to working closely with the executive team and colleagues across the business to help SiriusPoint achieve its potential to become a best-in-class operator.”
Egan served on the Board of RSA Group PLC for six years, formally as CFO and latterly as CEO of its UK and International business. He has held senior positions at a number of companies including Aviva, Zurich Financial Services, Brit Insurance and Towergate Broking.
“The Board and I would like to thank Dan Malloy for his ongoing leadership as interim CEO,” concluded Ludlow. “We are grateful for Dan’s support during this period of transition, where he has worked with our management team to ensure the continued execution of our strategy and success of our business.”