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SiriusPoint Appoints Bobby Heerasing as Active Underwriter of Lloyd’s Syndicate 1945

09/26/2022

HAMILTON, Bermuda. September 26, 2022 – SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has announced that Bobby Heerasing has been appointed Active Underwriter of Lloyd’s Syndicate 1945, effective September 1st 2022.

“I am very pleased to take on the role of Active Underwriter of Syndicate 1945,” said Bobby Heerasing. “The Lloyd’s market is an invigorating environment – it offers unique opportunities and capabilities that reward and drive entrepreneurial and innovative risk solutions. I look forward to my continued work with the SiriusPoint team and our valued brokers and partners, as we expand our capabilities for the future.”

Currently also Head of International Strategic Business Development, it was previously announced that Bobby will take on the role of SiriusPoint UK Country Brand Manager following the sale of SiriusPoint’s Lloyd’s Managing General Agent to Mosaic Insurance. The sale, which is expected to complete in Q4 2022 subject to Lloyd’s and regulatory approvals, will see Robert Harman, SiriusPoint London CEO and Managing Director of Sirius International Managing Agency (SIMA), transition to Mosaic to continue his role as Chief Executive Officer of the Managing Agency. SiriusPoint will retain Syndicate 1945 and its UK Branch operations.

“I am delighted have an underwriter of Bobby’s caliber and experience leading Syndicate 1945,” commented Scott Egan, Chief Executive Officer of SiriusPoint. “The Lloyd’s market is an important and integral part of SiriusPoint’s offering. The strength of this appointment reflects our commitment to building a profitable and sustainable business and adding value to the Lloyd’s franchise.”

Bobby joined SiriusPoint in October 2021 with over 25 years of market experience. Previously CEO of Asia Capital Re and a Board member of ACR Holdings and ACR Group, he also spent 18 years at Catlin as Chief Underwriting Officer, and XL Catlin as Regional Underwriting Director of Asia Pacific (Insurance).

About SiriusPoint
SiriusPoint is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices in 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 - SiriusPoint

Investor Relations
Clare Kerrigan, SiriusPoint
clare.kerrigan@siriuspt.com
+44 7970695959

Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718882011

Forward-Looking Statements
We make statements in this report that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. 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 in connection with its ordinary course business, 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 return on 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 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 obligation 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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