SiriusPoint marks a successful 2025
"Keep chasing the 1%" is Scott Egan's mantra at SiriusPoint. "Marginal gains actually matter," he explains.
The approach clearly works. SiriusPoint's most recent results revealed that over 2025, the business achieved gross written premium growth of 16% and a 49% increase in operating earnings per share.
The Bermuda-headquartered company is a specialty underwriter, providing solutions to clients and brokers around the world. Egan joined as CEO in September 2022 from Royal Sun Alliance Group, and is credited with turning the business around after a challenging period.
"We've had seven consecutive quarters of double-digit growth," he notes. "Our leverage ratio is at an all-time low, and our stock price has done pretty well over the last three years." But he is careful to avoid complacency: "Our intention in 2026 is to do better."
"We've had seven consecutive quarters of double-digit growth. Our leverage ratio is at an all-time low, and our stock price has done pretty well."
Scott Egan, CEO, SiriusPoint
MGA collaboration is a growth driver
SiriusPoint has focused on broker-led managing general agent (MGA) programs as a core engine of growth: these now account for between 60% and 70% of its annual premium.
"It's the fastest-growing distribution channel in the U.S. and in Europe over the last decade," Egan explains. "And our philosophy is simple, that we want to be the best partner of choice."
The benefit of these partnerships is the ability to blend SiriusPoint's vast sweep of data with the more focused knowledge of MGAs. "We think the magic happens when you can combine that," says Egan.
"Not only does that enhance the role of the MGA in protecting risk and having risk sophistication for their customers, but it does the same for us, as a partner of choice for our MGAs."
AI is an aid, not a revolution
While some see artificial intelligence bringing dramatic transformation to the insurance and reinsurance industry, Egan takes a more measured view.
"I don't think it will be revolutionary in that it will completely eradicate parts of the value chain," he says.
Rather, he believes AI will deliver efficiencies by equipping underwriters with the best data to inform decisions: "Ultimately, I think the best risk evaluators for what I would call complex risks are people and underwriters. It's hard to replace that with AI."
"The best risk evaluators for complex risks are people – it's hard to replace that with AI."
Scott Egan, CEO, SiriusPoint
Clients seek protection amid turbulence
As a leader, Egan is a champion of a strong performance culture at SiriusPoint, seeing it as a differentiator in the marketplace.
"Our mindset is very much that we push, we push each other, respectfully, to higher levels of performance, and we don't walk past anything," he says.
His confidence about the company's future prospects is only heightened by the geopolitical and climate volatility faced by clients and society in general. "There's never been a more important time to be someone who partners with customers to help them protect risks," he concludes.
