SiriusPoint Announces New Director of Sales & Distribution to Accelerate International Growth

November 14, 2023

HAMILTON, Bermuda. November 14, 2023 – SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, today announced that it has appointed Alex Hardy as Director of Sales & Distribution for its International business. Mr. Hardy, who joins on December 4, 2023, will be based in London, and will report into Rob Gibbs, President & CEO, SiriusPoint International.

Alex has worked in the insurance industry for over 20 years. He will use his market experience to build out the company’s managing general agent (MGA) proposition, in conjunction with the Stockholm-led MGA Centre of Excellence. In addition, he will work with the International trading teams with a view to growing key international business lines such as Aviation & Space, Casualty, Credit, Energy and Marine, supporting the International strategy for profitable growth, and building on the company’s Lloyd’s, London market, and delegated authority proposition.

Commenting on Alex’s appointment, Rob Gibbs, President & CEO, SiriusPoint International, said: “Alex’s market knowledge and unparalleled industry network will be invaluable to SiriusPoint’s ambitious growth plans over the next five years. It is imperative that we invest in the best market-facing talent, as we continue to strengthen our market leading relationships and leverage our capital and global licensing, to drive growth in our key regions.”

Alex’s hire follows a number of senior appointments at SiriusPoint this year, including Head of Marine, Stephen Smyth; Head of Casualty, London, David Rees; Global Head of Ceded Reinsurance, Habib Kattan; Deputy Chief Underwriting Officer, Anthony Shapella; Chief Legal Officer, Linda Lin; and Global Head of Claims, Trecia Sigle.

“I know Alex will bring structure, clarity and drive to what we do, as well as supporting the development of customer-focused solutions which underpin our ‘One SiriusPoint’ ethos,” added Mr. Gibbs. “He will be a key part of SiriusPoint International’s expanding team as we continue to build strong MGA partnerships that enhance our underwriting expertise and support our growth ambitions.”

Mr. Hardy’s appointment also follows recent partnerships with MGAs which have emerged from the MGA Centre of Excellence: Stockholm-based Nordic Marine Insurance, and London-based managing general underwriter Eaton Gate.

Mr. Hardy joins SiriusPoint from RSA Insurance Group, where he was Sales and Distribution Director. Prior to this, he held a number of senior roles at Lloyd’s motor syndicate ERS and Aviva.

About SiriusPoint

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, 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 Program Administrators within our Insurance & Services segment. With over $3.0 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.

Forward-Looking Statements
We make statements in this press release 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 the forward-looking statements. These risks and uncertainties include, but are not limited to, 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, 2022. 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 press release.

Contacts

Investor Relations
Dhruv Gahlaut, SiriusPoint
dhruv.gahlaut@siriuspt.com
+44 7514 659 918

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