Brandon Nuttall, Chief Digital and AI Officer at Xceedance spoke to Insurance Day about how carriers still using legacy technology will struggle to leverage generative AI and other advanced technologies for their multiple use cases, including improving pricing, portfolio management, claims handling and customer service.

Nuttall makes the point that the extended hard market has masked the problem of both ‘classic’ and ‘modern’ legacy systems: “As the cycle continues to turn, the need to write three times the number of policies and assess three times the volume of submissions to stay in the same place means companies that have failed to update their technology will struggle compared with those that have stayed up to date.”

Patrick Charles, Head of P&C Insurance Americas at SiriusPoint, spoke to the Reinsurance Podcast at the TMPAA Mid-Year Meeting (Target Markets) to discuss  the MGA boom, why expert underwriters are breaking out, and how data’s gone from advantage to expectation.

Patrick speaks to the podcast host about capital deployment, AI’s role in efficiency, and why betting on yourself might just be the smartest move in insurance today.

SiriusPoint has appointed Philip Enan as its new chief strategy and corporate development officer, effective immediately. Enan, who was previously executive vice president, global corporate development and head of strategic partnerships at Chubb, will be based in New York, joins the executive leadership team and reports directly to CEO Scott Egan.

“We are excited to welcome Phil to our team as we continue to seek out opportunities for investment and growth. His extensive industry experience and thoughtful approach make him an invaluable addition to our organization,” Egan said.

In his new role, Enan will lead SiriusPoint’s strategy development and oversee new investment initiatives to support the company’s long-term objectives

Fidelis Insurance Group has promoted Hannah Greenwood to chief underwriting officer for its Bermuda operations, from the role of chief of staff, which she held from 2023. Her new role includes responsible for guiding underwriting strategy, enhancing risk management and driving innovation in the Bermuda office. She will oversee Fidelis Bermuda’s underwriting direction and play a key role in supporting the company’s broader strategic goals.

“I am delighted to announce Hannah’s appointment to CUO for Bermuda,” said Allan Decleir, group chief financial officer and Bermuda chief executive.

“Her promotion is a direct result of her outstanding business acumen, extensive industry expertise and the strong relationships she has built both within our organisation and across the industry.”

AmTrust International has reported steady progress in its Turkish operations, one year after opening its office in Istanbul. This expansion is part of the company’s wider strategy to grow its credit protection and affinity portfolio and improve underwriting performance across key markets.

Providing support for AmTrust’s expansion in Turkey and surrounding markets, The Istanbul office is led by general manager Erdinc Karayazlik, who has two decades of experience in insurance distribution roles across Turkey, the Middle East, Europe and Africa.

Bruce Whitmee, CEO of AmTrust Specialty Limited, said the company has made measurable progress over the past year and remains committed to expanding its presence in specialty insurance globally.

Insurance Day special feature discusses how London’s standalone terrorism and political violence market is introducing new products and coverages in response to the changing risk environment, with contributions from many of the leading figures in this business line.

IQUW’s Kate Hughes said: “We are now seeing general liability policies restrict their cover, which is driving an increase in demand for terror and active assailant liability in the political violence insurance market”

SirisuPoint has promoted Chris Fenn to Global Head of Marine, which adds to two other appointments in the Marine team. Fenn was previously Head of Marine, London, and has prior experience in leading Marine teams during his 14-year tenure at Markel. Fenn’s new role will be to lead SiriusPoint’s Marine team with a key focus on building the cargo, fine art and specie, ports and terminal, and marine liability offering.

Anthony Shapella, Group Chief Underwriting Officer, SiriusPoint said: “Chris has demonstrated himself as a respected leader in the global marine market and has made a strong impact since joining SiriusPoint. His promotion reflects both the depth of his experience and our strategic focus on building a high-performing Marine team aligned with our vision for growth and profitability.”

SiriusPoint has appointed Eleanor Gibson as International Chief Underwriting Officer (CUO). She will be based in London, and will report to Rob Gibbs, President & CEO of SiriusPoint International, and Anthony Shapella, Group Chief Underwriting Officer.Gibson brings 30 years of industry experience.

Gibson joins from AIG, and brings 30 years of industry experience. As part of her role, she will provide strategic leadership to underwriting and portfolio management teams across SiriusPoint International, with a focus on driving profitable growth and performance.

Gibbs said, “Eleanor’s exceptional leadership and deep industry expertise will be invaluable as we continue to strengthen our underwriting capabilities across SiriusPoint International and drive growth across our global platform. She will collaborate closely with Anthony Shapella, as the Chief Underwriting Office continues to build a best-in-class underwriting framework and foster Underwriting Excellence across the global underwriting team.”