SiriusPoint Ltd. Announces Business Structure Changes and Executive Departure

SiriusPoint Ltd. has announced a restructuring of its business operations into four divisions: Global Property & Casualty Programs, Global Reinsurance, Global Accident & Health, and a London Market Specialty division. This strategic realignment aims to capitalize on growth opportunities and enhance the company's market offerings. As part of these changes, Mr. Rob Gibbs, President & Chief Executive Officer of SiriusPoint International, will be departing the company. SiriusPoint and Mr. Gibbs are finalizing separation terms, including severance benefits in accordance with the Company’s Executive Severance Plan. The company expects to disclose Mr. Gibbs's separation date in a subsequent filing. These changes are presented as a natural evolution building on recent progress in underwriting, operations, business mix, culture, and talent acquisition, with the goal of delivering disciplined, profitable performance.