News roundup – Insurance Investor
The fortnightly guide for the news you may have missed in the investment space for insurers.
Maya Sibulposted on Friday, October 21, 2022
Comings and goings
Bermuda-headquartered specialty re/insurer SiriusPoint has announced the appointment of Steve Yendall as Chief Financial Officer (CFO), effective 31 October, 2022.
Yendall will report to Chief Executive Officer, Scott Egan, as a member of SiriusPoint’s Executive Leadership Team. He was previously Managing Director at Guy Carpenter and has held previous roles at RSA and EY.
He replaces current SiriusPoint CFO David Junius, who has resigned to pursue other opportunities. “On behalf of the SiriusPoint team, I would like to thank David Junius for his contribution to our Company and wish him well in his future endeavours,” Scott Egan said.
Junius has taken a position as CFO at Cowbell, a Silicon Valley-based cyber insurance firm for SME (Small and Medium Sized Enterprises) businesses. He has over 25 years of industry experience, previously acting as Chief Operating Officer (COO) at Third Point Reinsurance Ltd. and CFO for the International division of the General Insurance segment at AIG. At AIG, he also served as its Corporate Treasurer, Head of Capital Strategy and CFO for the Asia Pacific division of the Property and Casualty segment based in Tokyo.
“I am looking forward to David joining the team," said Jack Kudale, founder and CEO at Cowbell. “David's experience in capital planning and regulatory reporting, paired with his long and tenured background in the (re)insurance market, brings the insight we need to better serve our policyholders with adaptive insurance.”
Insurance and capital management firm Tiptree has announced the retirement of its Chief Financial Officer (CFO), Sandra Bell. Bell has been with Tiptree since 2015, and prior to that she worked in the mortgages industry.
The New York-based company said Scott McKinney will succeed Bell as CFO upon her departure in March 2023. McKinney is currently Deputy CFO – a role he took in April of this year – and has previously served as Director of Financial Planning and Analysis.
Virginia-based Atlantic Union Bank Wealth Management, a division of Atlantic Union Bank that also covers insurance aspects, has named Mitch York as Chief Investment Officer (CIO). York will be responsible for overseeing and directing all areas of investment management for the wealth management team.
York was most recently CIO at Concord Asset Management, and head of Edelman Financial Services’ $24 billion investment division. His previous roles include a variety of positions leading wealth investment management teams after beginning his career in statistical modelling.