Global reinsurance group SiriusPoint has announced that Xander Butcher has joined the London Energy team, where he will serve as Senior Energy Liabilities Officer.

Butcher has over 37 years of experience in the insurance market, having held various leadership roles in the energy sector during his career.

Butcher most recently served as Head of International Energy Liability at Star Insurance, where he managed and developed the international energy liability book covering the upstream, midstream and downstream sectors.

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Prior to that, he was Head of Energy Liabilities at Canopius Group, where he oversaw the integration of the Canopius and M Trust syndicates, focusing on excess energy liabilities in the UK, worldwide and North America.

Butcher’s extensive background also includes his time as Head of Energy Liability at AmTrust at Lloyd’s, where he re-engineered the existing marine and US liability book to focus on the upstream, midstream and renewables sectors.

His previous roles also include senior positions at AXA Insurance, where he served as a Senior Casualty Writer, and Eagle Star, where he began his underwriting career.

Commenting on the appointment, John Hooper, President of Energy at Sirius Point, said: “Butcher’s extensive experience and expertise in the energy sector will contribute significantly to the strategic growth of Sirius Point’s energy business line.”

Hooper expressed confidence in Butcher’s ability to make a strong impact within the team.

Earlier this month, SiriusPoint also released its financial results for the second quarter ended June 30.

The company reported net income attributable to common stockholders of $109.9 million, or $0.57 per diluted common share. Underlying income for the quarter was $46 million, which included underwriting income of $36.9 million, and the underlying combined ratio was 93.3%.

Net core service fee income was $9.7 million, with a service margin of 16.9%. Net investment income was $78.2 million, contributing to a total investment result of $23.3 million.

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