SiriusPoint Pronounces Bobby Heerasing as UK Nation Department Supervisor – InsuranceNewsNet

HAMILTON, Bermuda, June 9, 2022 — As previously announced, SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has entered into a strategic partnership with Mosaic Insurancewhich includes an investment in Mosaic to support continued growth, providing Mosaic with access to global licenses and infrastructure, and the planned sale of our Lloyd’s Managing Agency (SIMA). The sale is subject to Lloyd’s and regulatory approvals.

SiriusPoint will retain its UK Branch operations, inclusive of Syndicate 1945.

Following, and subject to the close of the transaction as well as Lloyd’s and regulatory approvals, current SiriusPoint London CEO and Managing Director of Sirius International Managing Agency (SIMA), Robert Harmanwill transition to Mosaic to continue his role as Chief Executive Officer of the Managing Agency. We are pleased to announce the appointment of Bobby Heerasing as SirusPoint UK Country Manager. Bobby will be responsible for establishing and executing profitable growth strategies and operating plans for SiriusPoint’s London branch and Syndicate, inclusive of the Company’s Reinsurance and Insurance and Services platforms.

Bobby will report to both David GovrinGlobal Chief Underwriting Officer, and President, Americas Reinsurance, and Monica Cramér Manhem, President of International Reinsurance & Managing Director of SiriusPoint International.

Bobby Joined SiriusPoint in October 2021 with over 25 years of market experience. He was most recently Head of International Strategic Business Development for SiriusPoint and prior to this, was the CEO and Board member of ACR Holdings and ACR Group (Asia Capital Re). Previously, he spent 18 years at Catlin as Chief Underwriting Officer, and XL Catlin as Regional Underwriting Director of Asia Pacific (Insurance).

London is an important market for SiriusPoint,” said David Govrin, Global Chief Underwriting Officer, and President, Americas Reinsurance. “Bobby will be a critical enabler towards building a sustainable business model through profitable growth, talent development, strengthening relationships with key trading partners and an unwavering commitment to adding value for our clients.”

“Bobby is an experienced and hands-on leader who is committed to operational excellence and cultivating value creation,” said Monica Cramer Manhem. “His appointment underscores SiriusPoint’s commitment to the London market and the depth and experience of our talent, as we continue to invest in our re/insurance capabilities.”

About SiriusPoint

SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices New York, London, Stockholm and other locations around the world, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and technology-driven insurance services companies within our Insurance & Services division. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.

Contacts

Investor Relations

Clare Kerrigan, SiriusPoint
[email protected]
+44 7970695959

Media

Sarah HillsRein4ce
[email protected]
+44 7718882011

Forward-Looking Statements

We make statements in this report that are forward-looking statements within the meaning of the US federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the US Federal securities laws, such as statements regarding our future performance and the anticipated timing of the sale of SiriusPoint’s Lloyd’s Managing Agency. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in forward-looking statements made on behalf of SiriusPoint. SiriusPoint is also subject to risks and uncertainties, including the impact of general economic conditions and conditions affecting the insurance and reinsurance industry, the adequacy of our reserves, fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving retuon investment and difficulty in liquidating the investment; The costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; our ability to obtain regulatory approvals in connection with the sale of SiriusPoint’s Lloyd’s Managing Agency and the satisfaction of other closing conditions; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations, trends in insured and paid losses, regulatory and legal uncertainties and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2021. Except as required by applicable law or regulation, we disclaim any obligations to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.

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