Duyuru • Apr 25
SiriusPoint Ltd. to Report Q1, 2026 Results on May 07, 2026 SiriusPoint Ltd. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Duyuru • Apr 13
SiriusPoint Ltd., Annual General Meeting, May 20, 2026 SiriusPoint Ltd., Annual General Meeting, May 20, 2026. Duyuru • Mar 31
SiriusPoint Ltd. Announces Changes to Board and Board Committees SiriusPoint Ltd. announced changes to its Board of Directors. Sabra Purtill has been appointed to the Board effective March 25, 2026. Sabra joins SiriusPoint with 40 years of experience across insurance and financial services. Her background spans corporate finance, capital markets, treasury, and financial reporting. She has held senior roles at AIG, Hartford Financial Services Group Inc. and Assured Guaranty Ltd, and previously worked at ACE Limited, now Chubb. Franklin (Tad) Montross IV and Peter Tan will step down effective May 20, 2026. Franklin (Tad) Montross IV joined the SiriusPoint Board in 2021 and serves as Chair of the Risk & Capital Management Committee and as a member of the Audit and Compensation Committees. Peter Tan also joined the Board in 2021 and serves as a member of the Investment Committee and the Risk & Capital Management Committee. Their service on the Board and its committees will conclude immediately following the Company’s 2026 annual general meeting on May 20, 2026. Duyuru • Mar 16
Siriuspoint Ltd. Announces Changes to Its Business Structure as Part of the Next Phase of the Company’s evolution SiriusPoint Ltd. announced changes to its business structure as part of the next phase of the Company’s evolution. SiriusPoint will now operate through four business areas, including three globally focused P&Ls: Global P&C Programs, Global Reinsurance, Global Accident & Health, and a London Market Specialty division, which includes Lloyd's. SiriusPoint will combine its existing North America and International Programs businesses into one single Global P&C Programs division, which will be led by Patrick Charles, Global Head of P&C Programs. The new division reflects the Company’s commitment to the programs space, further strengthening its offering to clients and distribution partners globally. SiriusPoint's new London Market Specialty division reflects the strategic importance of its London platform, including Syndicate 1945, and reinforces the Company’s commitment to grow specialty business in London. SiriusPoint’s London Casualty, Energy, Property, and Marine leaders will form part of the new London Market Specialty division, which will be led by David Govrin, President, in addition to his current responsibilities as CEO Global Reinsurance. As part of the changes, Rob Gibbs will be leaving SiriusPoint. There will be no changes to SiriusPoint'sGlobal Reinsurance and Global Accident & Health businesses. Duyuru • Feb 05
SiriusPoint Ltd. to Report Q4, 2025 Results on Feb 18, 2026 SiriusPoint Ltd. announced that they will report Q4, 2025 results After-Market on Feb 18, 2026 Duyuru • Jan 29
SiriusPoint Ltd. Appoints John Sakakeeny as Chief Underwriting Officer of North America P&C Insurance, Effective February 2, 2026 SiriusPoint Ltd. has announced the appointment of John Sakakeeny as Chief Underwriting Officer of North America P&C Insurance, effective February 2, 2026. Mr. Sakakeeny will report to Patrick Charles, Head of North America Insurance, and Anthony Shapella, Group Chief Underwriting Officer. He will be responsible for providing strategic leadership to the underwriting and program management teams across SiriusPoint’s North America Insurance business, driving profitable growth, and strengthening technical underwriting capabilities. Mr. Sakakeeny has 20 years of industry experience, joining SiriusPoint from The Hartford, where he was most recently Vice President and Head of Casualty Product, Middle and Large Commercial. Duyuru • Nov 19
SiriusPoint Ltd. Appoints Maria Tarhanidis as Chief Investment Officer, Effective December 2, 2025 SiriusPoint Ltd. has announced the appointment of Maria Tarhanidis as Chief Investment Officer, effective December 2, 2025. Based in New York, Ms. Tarhanidis will join the senior leadership team and will report to Jim McKinney, Chief Financial Officer. In her role, she will be responsible for overseeing strategic asset allocation, investment performance, and portfolio risk management across SiriusPoint and its direct subsidiaries. She will lead the development and execution of investment strategies that align with SiriusPoint’s corporate objectives and enhance overall long-term profitability.Ms. Tarhanidis brings over 25 years of investment leadership experience, most recently serving as Managing Director, Head of Alternative Investments, at Brighthouse Financial. There, she was a senior member of the investment team and led initiatives across private equity, private credit, and real estate equity. Ms. Tarhanidis has held senior roles at MetLife, General Motors Asset Management, and Deutsche Bank. She serves as an AIF Advisory Board member, is a founding member of Women in Private Credit, and is a member of the Insurance Women’s Investment Network. Duyuru • Oct 17
SiriusPoint Ltd. to Report Q3, 2025 Results on Oct 30, 2025 SiriusPoint Ltd. announced that they will report Q3, 2025 results After-Market on Oct 30, 2025 Duyuru • Oct 16
SiriusPoint Ltd. Announces Executive Changes On October 13, 2025, SiriusPoint Ltd. (the Company") received notice from Evan Cabat of his decision to resign as the Company's Chief Accounting Officer and principal accounting officer, effective October 31, 2025 (the Effective Date") to pursue another opportunity. Mr. Cabat's decision to resign is not the result of any disagreement with the Company or its Board of Directors, including on any matters relating to the Company's financial statements, internal control over financial reporting, operations, policies or practices. Until the Effective Date, Mr. Cabat will continue in the role of Chief Accounting Officer and principal accounting officer and assist with the transition of his responsibilities. Upon Mr. Cabat's departure, Jim McKinney, the Company's Chief Financial Officer, will assume the role of the Company's principal accounting officer in addition to his role as Chief Financial Officer and principal financial officer. Duyuru • Sep 04
SiriusPoint Ltd. Announces the Appointment of Martin Hudson as Director, Effective September 1, 2025 SiriusPoint Ltd. has announced the appointment of Martin Hudson as Board Director, effective September 1, 2025. Mr. Hudson has more than 40 years of international (re)insurance leadership experience, spanning underwriting, risk management, governance, and executive management. Since 2015, he has served as an Independent Non-Executive Director and Chair of the Board across a number of companies, including SiriusPoint International Insurance Corporation (publ).He is also currently Independent Non-Executive Director at Liberty Mutual Managing Agency Ltd. and Liberty Mutual Insurance Europe SE. Mr. Hudson has also served on the boards of Apollo Syndicate Management Ltd, MS Amlin Underwriting Ltd, Novae Syndicates Ltd, and Old Mutual Specialty Insurance. Earlier in his career, Mr. Hudson held senior executive positions with Travelers Insurance, Mitsui Sumitomo Insurance Group, and Old Mutual Specialty Insurance. His leadership experience covers wholesale and retail insurance, specialty and reinsurance markets, and global operations across the US, UK, Europe, Canada, and Asia. Duyuru • Jul 22
SiriusPoint Ltd. to Report Q2, 2025 Results on Aug 04, 2025 SiriusPoint Ltd. announced that they will report Q2, 2025 results Pre-Market on Aug 04, 2025 Duyuru • Jul 03
SiriusPoint Ltd. Appoints Andrew Pryde as Group Chief Risk Officer, Effective September 2025 SiriusPoint Ltd. appointed Andrew Pryde as its next group chief risk officer. He is to assume his position from September 2025 and will be based in Bermuda. Pryde joins from Catalina Re and has over 25 years of experience. Duyuru • Apr 23
SiriusPoint Ltd. to Report Q1, 2025 Results on May 05, 2025 SiriusPoint Ltd. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Duyuru • Apr 12
SiriusPoint Ltd., Annual General Meeting, May 20, 2025 SiriusPoint Ltd., Annual General Meeting, May 20, 2025. Duyuru • Feb 27
SiriusPoint Ltd. has completed a Follow-on Equity Offering in the amount of $57.492834 million. SiriusPoint Ltd. has completed a Follow-on Equity Offering in the amount of $57.492834 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 4,106,631
Price\Range: $14
Discount Per Security: $0.2854 Duyuru • Feb 26
SiriusPoint Ltd. has filed a Follow-on Equity Offering. SiriusPoint Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 4,106,631 Duyuru • Feb 06
SiriusPoint Ltd. to Report Q4, 2024 Results on Feb 18, 2025 SiriusPoint Ltd. announced that they will report Q4, 2024 results After-Market on Feb 18, 2025 Duyuru • Dec 31
SiriusPoint Ltd. (NYSE:SPNT) announces an Equity Buyback for 45,720,732 shares, for $651.52 million. SiriusPoint Ltd. (NYSE:TPRE) announces a share repurchase program. Under the program, the company will repurchase 45,720,732 shares for $651.52 million. The shares will be repurchased at $14.25 per share. The program will be funded from company's existing capital. The program will be valid till February 28, 2025. Duyuru • Nov 12
SiriusPoint Ltd. Announces Executive Appointments, Effective January 1, 2025 SiriusPoint Ltd. announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025. From January 1, 2025, Anthony Shapella will be promoted into the role of Group Chief Underwriting Officer and will join the Executive Leadership Team. David Govrin will now focus entirely on his role as Group President and Chief Executive Officer of Global Reinsurance. Mr. Govrin has held the dual role of Group President and Chief Underwriting Officer and Global Profit and Loss (P&L) Lead for Reinsurance since February 2021. Mr. Shapella joined SiriusPoint in September 2023 as Deputy Chief Underwriting Officer. Previous to that he was at AIG as Head of Portfolio Analytics, General Insurance. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$0.027 (vs US$0.33 in 3Q 2023) Third quarter 2024 results: EPS: US$0.027 (down from US$0.33 in 3Q 2023). Revenue: US$562.2m (down 20% from 3Q 2023). Net income: US$4.50m (down 92% from 3Q 2023). Profit margin: 0.8% (down from 7.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 18
SiriusPoint Ltd. to Report Q3, 2024 Results on Oct 31, 2024 SiriusPoint Ltd. announced that they will report Q3, 2024 results After-Market on Oct 31, 2024 Duyuru • Aug 02
SiriusPoint Ltd. Revises Net Investment Income Guidance for the Full Year 2024 SiriusPoint Ltd. revised net investment income guidance for the full year 2024. The company have increased full year 2024 net investment income guidance to $275 million to $285 million up from $250 million to $265 million. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.67 (vs US$0.28 in 2Q 2023) Second quarter 2024 results: EPS: US$0.67 (up from US$0.28 in 2Q 2023). Revenue: US$743.3m (up 5.6% from 2Q 2023). Net income: US$113.9m (up 148% from 2Q 2023). Profit margin: 15% (up from 6.5% in 2Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 18% per year. Duyuru • Jul 19
SiriusPoint Ltd. to Report Q2, 2024 Results on Aug 01, 2024 SiriusPoint Ltd. announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 01, 2024 Duyuru • Jul 11
SiriusPoint Appoints Anthony Williams as Chief Risk Officer for its SiriusPoint International Managing Agency and International Business, Effective 19 August 2024 SiriusPoint has appointed Anthony Williams as the new chief risk officer (CRO) for its SiriusPoint International Managing Agency and international business. Due to begin his role on 19 August 2024, Williams brings more than two decades of industry experience to the position. Williams' background includes work with insurance carriers, managing general agents and the Lloyd's market. His previous roles have encompassed leadership positions in risk management, including serving as interim CRO at IQUW and as CRO at CNA Hardy. Williams also chaired the Lloyd's Market Association's Committee of Actuaries in the Lloyd's Market and was a member of its Chief Risk Officer Committee. In his new capacity, Williams will report to Andreas Kull, CRO of the SiriusPoint group. Anthony brings many years of leadership experience, a great track record in risk management and a deep understanding of the market. He will add further strength and capability to the international business at SiriusPoint and play a key role in further developing the group's risk management framework. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Susan Cross was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 29
SiriusPoint Ltd. Appoints Susan Cross to Board of Directors SiriusPoint Ltd. announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10. Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global growth. She has been a Director of Enstar Group Limited (Enstar) since October 2020, and prior to that served as Executive Vice President and Global Chief Actuary at XL Group (now AXA XL), from 2008 to 2018. In addition to the SiriusPoint and Enstar Boards, Susan serves as Non-Executive Director at Unum Group, a Fortune 500 insurer. She has also previously served on the boards of IFG Companies, American Strategic Insurance, Mid Ocean Limited and XL Life Ltd. Duyuru • May 24
SiriusPoint Ltd. Announces CFO Changes SiriusPoint Ltd. has announced the appointment of Jim McKinney as Chief Financial Officer, effective June 3, 2024. Throughout his 20+ year career, Jim has established a track record as a publicly listed CFO and for creating high performing finance functions. He has also played an instrumental role in leading companies through transformations to position them well for growth. Jim will report to Chief Executive Officer, Scott Egan, as a member of SiriusPoint’s Executive Leadership Team. Jim was most recently the Executive Vice President and Chief Financial Officer of Kemper Corporation, where he led all aspects of its financial operations, including accounting, treasury, tax, financial planning and analysis, and internal audit. Prior to joining Kemper, Jim was Executive Vice President, Chief Financial Officer for Banc of California, and held various senior positions at organizations which include International Lease Finance Corporation and RBS Citizens Asset Finance. Jim replaces current SiriusPoint Chief Financial Officer, Steve Yendall. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.54 (vs US$0.80 in 1Q 2023) First quarter 2024 results: EPS: US$0.54 (down from US$0.80 in 1Q 2023). Revenue: US$685.5m (flat on 1Q 2023). Net income: US$90.8m (down 29% from 1Q 2023). Profit margin: 13% (down from 19% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Apr 17
SiriusPoint Ltd. to Report Q1, 2024 Results on Apr 30, 2024 SiriusPoint Ltd. announced that they will report Q1, 2024 results After-Market on Apr 30, 2024 Duyuru • Apr 10
SiriusPoint Ltd., Annual General Meeting, May 20, 2024 SiriusPoint Ltd., Annual General Meeting, May 20, 2024, at 10:00 Atlantic Daylight. Agenda: To consider the election of four Class II directors for election to a 3-year term, expiring in 2027; to consider the executive compensation payable to the Company's NEOs; to consider the appointment of PwC as independent auditor, to serve until the Annual General Meeting to be held in 2025 and the authorization of Board of Directors, acting by the Audit Committee, to determine PwC's remuneration; and to transact any other business as may properly come before the Annual General Meeting and any adjournments or postponements thereof. Buy Or Sell Opportunity • Apr 03
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €12.40. The fair value is estimated to be €9.86, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 29
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €10.90. The fair value is estimated to be €8.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$2.27 (vs US$2.51 loss in FY 2022) Full year 2023 results: EPS: US$2.27 (up from US$2.51 loss in FY 2022). Revenue: US$2.74b (up 30% from FY 2022). Net income: US$370.8m (up US$773.6m from FY 2022). Profit margin: 14% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Duyuru • Feb 07
SiriusPoint Ltd. to Report Q4, 2023 Results on Feb 20, 2024 SiriusPoint Ltd. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Duyuru • Jan 27
SiriusPoint and Aspen Considers Reverse Merger SiriusPoint Ltd. (NYSE:SPNT) is discussing a reverse merger with London-based insurer Aspen Insurance UK Services Limited. The talks are in an early stage and a deal may not materialise. The reverse merger is an alternative to a public listing for Aspen Insurance. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.38 (vs US$0.61 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.38 (up from US$0.61 loss in 3Q 2022). Revenue: US$702.6m (up 18% from 3Q 2022). Net income: US$61.5m (up US$159.9m from 3Q 2022). Profit margin: 8.8% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Nov 03
Shareholders of Parameter Climate Inc acquired stake in Parameter Climate Inc from SiriusPoint Ltd. (NYSE:SPNT). Shareholders of Parameter Climate Inc acquired stake in Parameter Climate Inc from SiriusPoint Ltd. (NYSE:SPNT) on November 1, 2023. Shareholders of Parameter Climate Inc completed the acquisition of stake in Parameter Climate Inc from SiriusPoint Ltd. (NYSE:SPNT). Duyuru • Sep 22
SiriusPoint Ltd. to Report Q3, 2023 Results on Nov 08, 2023 SiriusPoint Ltd. announced that they will report Q3, 2023 results After-Market on Nov 08, 2023 New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.38 (vs US$0.38 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.38 (up from US$0.38 loss in 2Q 2022). Revenue: US$767.9m (up 62% from 2Q 2022). Net income: US$61.5m (up US$122.3m from 2Q 2022). Profit margin: 8.0% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Duyuru • Aug 03
SiriusPoint Ltd. Provides Net Investment Income Guidance for the Full Year 2023 SiriusPoint Ltd. provided net investment income guidance for the full year 2023. The company announced investment portfolio remains focused on high quality, fixed income instruments and the company is tracking to the top-end of full year 2023 net investment income guidance of $220 million to $240 million. Duyuru • Jul 14
SiriusPoint Ltd. Announces Management Changes SiriusPoint Ltd. has appointed Thomas Leonardo as Global Head of Accident &Health (A&H), effective immediately. Previously Senior Vice President and US Head of A&H, Mr. Leonardo has served on SiriusPoints Executive LeadershipTeam since July 2022. His appointment to a global role follows the departure from the business of Stuart Liddell, Global President, A&H, who spent over twenty years with the business. Mr. Leonardo has worked in the group life and health industry since 1994, specializing in underwriting, pricing, and management of all aspects of accident and health insurance and reinsurance. He joined Sirius Group in 2012, and was responsible for launching the Sirius America initiative, transitioning the company to a primary insurance carrier focusing on Employer Stop Loss and Special Risk business underwritten by managing general underwriters. Mr. Leonardo began his insurance career in 1994 with Paul Revere Insurance Company, before moving to General Re as Assistant Vice President in 1996. In 2005, he joined ACE Tempest Re USA as Vice President, and then joinedQBE the Americas in 2006 as Senior Vice President. Before joining Sirius Group, Mr. Leonardo served as Chief Executive Officer of HRMP. Duyuru • Jul 13
SiriusPoint Ltd. to Report Q2, 2023 Results on Aug 02, 2023 SiriusPoint Ltd. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 02, 2023 Duyuru • Jun 30
SiriusPoint Ltd. Appoints Linda Lin as Chief Legal Officer, Effective July 24, 2023 SiriusPoint Ltd. has appointed Linda Lin as Chief Legal Officer, effective July 24th, 2023. Ms Lin will join SiriusPoints Executive Leadership Team (ELT), reporting to CEO Scott Egan. She will be based in New York. Jimmy Yang, who stepped into the role of Interim General Counsel in February 2023, will work closely with Ms Lin to ensure a seamless handover and transition. Ms Lin joins SiriusPoint from Coaction Global (formerly Prosight) Inc. where she led the legal, regulatory, compliance, product development and internal audit functions as General Counsel and Corporate Secretary. Previously, she served as SVP, General Counsel, Business Unit Legal and co-headed Regulatory at QBE North America (QBENA). Ms. Lin has served in various legal, claims and product development roles at Berkshire Hathaway Specialty Insurance and Liberty International Underwriters. Before entering the insurance industry, she was a litigator with the law firm Willkie Farr &Gallagher. Ms Lin serves as president of the Sotomayor Program, which cultivates and develops future legal leaders from underserved communities and diverse backgrounds. She is a member of the Eastern District of NY Magistrate Judge Merit Selection Panel and board member of the Asian American Law Fund of NY. She also previously served as president of the Asian American Bar Association of New York. Duyuru • Jun 03
SiriusPoint Ltd. Announces Executive Changes SiriusPoint Ltd. announced the appointment of Bronek Masojada as Chair of the Company’s Board of Directors, effective immediately. Mr. Masojada, who joined the board on May 2 this year, is an insurance market veteran with over 30 years’ leadership experience in the industry. Sharon Ludlow, who joined the board in February 2021 and has been interim Chair since May 2022, will continue to serve as a Non-Executive Director. Ms. Ludlow also remains Chair of SiriusPoint’s Audit Committee. Mr. Masojada, who was at global specialist insurer and reinsurer Hiscox for nearly 30 years, retired as Chief Executive of Hiscox Ltd. in 2021. He joined Hiscox in 1993 as Group Managing Director, and was appointed Chief Executive in 2000. During his time at Hiscox it grew its revenues from $500 million to almost $5 billion, from a single office in London to 34 across the world and from 200 staff to over 3,000. Prior to joining Hiscox, Masojada began his career at McKinsey & Company. Currently, he serves as Chair of Placing Platform Limited, the industry utility driving digitization of the London Insurance Market. Duyuru • May 05
SiriusPoint Ltd. Announces Board Changes On May 2, 2023, Bronek Masojada was appointed to the board of directors of SiriusPoint Ltd., effective as of the same date. Following Mr. Masojada’s appointment, the Board has a total of 10 directors, divided among three classes, with Mr. Masojada serving as a Class II director with a term expiring at SiriusPoint’s annual general meeting of shareholders in 2024. As previously announced, Gretchen A. Hayes will not stand for re-election at the annual general meeting of shareholders to be held on June 1, 2023, following which the Board will consist of nine directors. Mr. Masojada currently serves as chairman of the board of directors of Placing Platform Limited. From 2000 to 2021, Mr. Masojada served as Chief Executive Officer of Hiscox Group. Mr. Masojada first joined Hiscox in 1993 as Group Managing Director. Prior to joining Hiscox, Mr. Masojada began his career at McKinsey & Company. Mr. Masojada served as Deputy Chairman of Lloyd’s of London from 2001 to 2007 and as Chairman of the Lloyd’s Tercentenary Research Foundation from 2008 to 2014. Mr. Masojada chairs the East End Community Foundation which serves residents in Newham, Tower Hamlets, Hackney and the City of London. Mr. Masojada received a Bachelor of Science degree in Civil Engineering from the University of KwaZulu Natal and a Master of Philosophy in Management Studies from the University of Oxford, where he was a Rhodes Scholar. Mr. Masojada is 61 years old. The Board considered Mr. Masojada’s extensive leadership experience in the insurance industry when concluding that Mr. Masojada should serve as a director. The Board has determined that Mr. Masojada qualifies as an independent director for purposes of the rules of the New York Stock Exchange as well as applicable rules of the Securities and Exchange Commission. Mr. Masojada serves on the Governance and Nominating, Risk and Capital Management and Investment Committees of the Board, also effective May 2, 2023. As of May 2, 2023, it is expected that Mr. Masojada will also join the Special Committee of the Board. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$0.86 (vs US$1.36 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.86 (up from US$1.36 loss in 1Q 2022). Revenue: US$684.9m (up 90% from 1Q 2022). Net income: US$138.6m (up US$355.6m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Feb 24
Full year 2022 earnings released: US$2.51 loss per share (vs US$0.28 profit in FY 2021) Full year 2022 results: US$2.51 loss per share (down from US$0.28 profit in FY 2021). Revenue: US$2.11b (up 1.2% from FY 2021). Net loss: US$402.8m (down US$444.0m from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Duyuru • Jan 27
SiriusPoint Ltd. to Report Q4, 2022 Results on Feb 23, 2023 SiriusPoint Ltd. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 23, 2023 Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. Lead Independent Director Rafe de la Gueronniere is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$0.59 loss per share (vs US$0.30 loss in 3Q 2021) Third quarter 2022 results: US$0.59 loss per share (further deteriorated from US$0.30 loss in 3Q 2021). Revenue: US$597.5m (down 18% from 3Q 2021). Net loss: US$94.4m (loss widened 97% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 04
Second quarter 2022 earnings released: US$0.35 loss per share (vs US$0.39 profit in 2Q 2021) Second quarter 2022 results: US$0.35 loss per share (down from US$0.39 profit in 2Q 2021). Revenue: US$473.1m (down 13% from 2Q 2021). Net loss: US$56.8m (down 192% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Buying Opportunity • May 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be €6.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 06
First quarter 2022 earnings released: US$1.36 loss per share (vs US$1.37 profit in 1Q 2021) First quarter 2022 results: US$1.36 loss per share (down from US$1.37 profit in 1Q 2021). Revenue: US$368.0m (down 19% from 1Q 2021). Net loss: US$217.0m (down 236% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jason Robart was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.30 (down from US$1.54 in FY 2020). Revenue: US$2.14b (up 143% from FY 2020). Net income: US$44.6m (down 69% from FY 2020). Profit margin: 2.1% (down from 16% in FY 2020). Combined ratio: 109.1% (down from 110.3% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Dec 09
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Tad Montross was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.44 (vs US$1.33 in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and profit margins were weaker. Second quarter 2021 results: Revenue: US$561.5m (up 102% from 2Q 2020). Net income: US$70.1m (down 43% from 2Q 2020). Profit margin: 13% (down from 44% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Executive Departure • May 27
Independent Director has left the company On the 19th of May, Rachelle Keller's tenure as Independent Director ended after less than a year in the role. As of March 2021, Rachelle personally held 31.04k shares (€260k worth at the time). A total of 4 executives have left over the last 12 months. Executive Departure • May 22
Interim Chief Accounting Officer has left the company On the 11th of May, Christopher Coleman's tenure as Interim Chief Accounting Officer ended after less than a year in the role. As of March 2021, Christopher personally held 391.64k shares (€3.3m worth at the time). A total of 3 executives have left over the last 12 months. Reported Earnings • May 11
First quarter 2021 earnings released: EPS US$1.13 (vs US$1.99 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and profit margins, although earnings were improved. First quarter 2021 results: Revenue: US$451.1m (down 1,525% from 1Q 2020). Net income: US$132.4m (up US$316.0m from 1Q 2020). Profit margin: 29% (down from 580% in 1Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 16
Director recently bought €93k worth of stock On the 15th of March, Franklin Montross bought around 10k shares on-market at roughly €9.25 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €181k more in shares than they have sold in the last 12 months. Duyuru • Feb 27
Third Point Reinsurance Ltd. Announces Executive Changes At the Effective Time, Third Point Reinsurance Ltd. announced the appointment of Rachelle C. Keller, Sharon M. Ludlow, Franklin (Tad) Montross IV and Peter W.H. Tan to the Board. Ms. Keller previously served as a Managing Director for Citibank, NA (Citi"), the institutional division of the financial services multinational Citigroup, from 2011 to her retirement in 2018, as Global Chief Operating Officer for Prime, Futures and Securities services from 2014 to 2018, and as Global Head of Costing and Analytics, from 2011 to 2013. From 2008 to 2011, Ms. Keller served as Chief Financial Officer for the Institutional Product Group, the brokerage division of Fidelity Investment LLC. As previously disclosed, at the closing of the Merger, Chairman, Sid Sankaran, will commence to serve as Chief Executive Officer; company Chief Financial Officer, Christopher S. Coleman, will commence to serve as company interim Chief Accounting Officer; company Chief Operating Officer, David W. Junius, will commence to serve as Chief Financial Officer; Prashanth Gangu will commence to serve as company Chief Operating Officer; and Vievette Henry will commence to serve as Chief People Officer. Reported Earnings • Feb 25
Full year 2020 earnings released: EPS US$1.55 (vs US$2.18 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$889.8m (down 8.3% from FY 2019). Net income: US$143.5m (down 28% from FY 2019). Profit margin: 16% (down from 21% in FY 2019). The decrease in margin was driven by lower revenue. Combined ratio: 110.3% (up from 103.2% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • Feb 18
Third Point Reinsurance Ltd. to Report Q4, 2020 Results on Feb 23, 2021 Third Point Reinsurance Ltd. announced that they will report Q4, 2020 results After-Market on Feb 23, 2021 Is New 90 Day High Low • Feb 12
New 90-day high: €8.25 The company is up 15% from its price of €7.15 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is up 3.0% over the same period. Duyuru • Feb 09
Third Point Reinsurance Ltd. Announces Merger Transaction with Sirius International Insurance Group Ltd. to Form SiriusPoint Ltd and Announces Executive Changes Third Point Reinsurance Ltd. announced that it has made three senior hires to strengthen its existing leadership team, ahead of the company's anticipated merger transaction with Sirius International Insurance Group Ltd. (‘Sirius’ or ‘Sirius Group’) to form SiriusPoint Ltd. (‘SiriusPoint’). Tim Mardon will join the senior underwriting team at SiriusPoint as Global Head of Property Reinsurance. He will be based in Bermuda, subject to Bermuda Immigration approval. Mr. Mardon brings more than 22 years of experience in the reinsurance industry. He joins from Chubb Tempest Re Bermuda, where he was Division President, responsible for all operating aspects of the company's Bermuda-based Property and Casualty reinsurance business. Mr. Mardon is expected to join the Company in the second quarter of 2021. Prashanth Gangu joins the SiriusPoint executive team as Chief Operating Officer and President of Insurance and Services at the beginning of March. He will be based in New York. As COO, Mr. Gangu will oversee SiriusPoint's operating platform with an emphasis on upgrading technology and operational capabilities. Responsible for enterprise strategy and capital allocation, he will direct corporate development and lead the evaluation of strategic investment and partnership opportunities. Mr. Gangu will also serve as President of the Insurance and Services division, responsible for managing and growing a technology-enabled insurance business. Mr. Gangu joins from Oliver Wyman, where he is a Partner and Head of Americas Property and Casualty Insurance. Mr. Gangu has almost 20 years of experience in the insurance industry, across strategy, mergers and acquisitions (M&A), distribution, product, underwriting, risk, operations and technology. Rachael Dugan joins Third Point Re in New York as General Counsel on February 22, 2021 and will serve in the same role on the executive team at SiriusPoint following the expected closure of the merger. With a diverse legal background and a focus on M&A, Ms. Dugan joins Third Point Re from private investment firm Reverence Capital, where she has been General Counsel and Chief Compliance Officer since 2019. Previously, she spent more than five years at Marsh & McLennan Companies (MMC), as Chief Strategy and M&A Counsel. Ms. Dugan began her career at Sullivan & Cromwell in New York. Mr. Sankaran will become Chairman and Chief Executive Officer of SiriusPoint upon completion of the merger of Third Point Re and Sirius Group, which is expected to occur on or around February 26, 2021, subject to the satisfaction of all closing conditions. Duyuru • Jan 28
Third Point Reinsurance Ltd.(NYSE:TPRE) dropped from Russell 2000 Dynamic Index Third Point Reinsurance Ltd.(NYSE:TPRE) dropped from Russell 2000 Dynamic Index Is New 90 Day High Low • Nov 11
New 90-day high: €7.70 The company is up 3.0% from its price of €7.50 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.74 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$263.7m (up 30% from 3Q 2019). Net income: US$68.7m (up US$83.8m from 3Q 2019). Profit margin: 26% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.