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 to SiriusPoint.
“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 he 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.”
Egan served on the board of RSA Group PLC for six years, first as CFO and later CEO of its UK and international business. He has held senior positions at several firms including Aviva, Zurich Financial Services, Brit Insurance and Towergate Broking.
In a statement, Egan expressed excitement to join the global specialty insurer and reinsurer during what he called a key stage in its 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 said.
He replaces interim CEO Daniel Malloy. Malloy stepped in to helm the Bermuda-based firm after former chairman and CEO Siddhartha Sankaran resigned in May this year.
“The board and I would like to thank Dan Malloy for his ongoing leadership as interim CEO,” Ludlow commented. “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.”