SiriusPoint Appoints Top Reinsurance Executive Heerasing

HAMILTON, Bermuda. October 12, 2021 -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE: SPNT), a global specialty insurer and reinsurer, has announced that Bobby Heerasing will be joining the Company's senior leadership team.

Mr. Heerasing comes on board in the newly-created role of Head of International Strategic Business Development. He will be responsible for the strategy and development of SiriusPoint International's growth objectives, managing strategic partnerships with key industry partners and clients, and helping to advance the company's market-leading position.

"Bobby is a catalyst for growing SiriusPoint's footprint and reputation in the international reinsurance market, and is an excellent addition to the senior team," said Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint. "SiriusPoint's international platform is a key strength and differentiator for us. With our existing talent, relationships and commitment to delivering for our clients, combined with Bobby's commercial perspective and impressive track record of success, I am enormously excited about what we can achieve."

Mr. Heerasing will report to Monica Cramér Manhem, President, International Reinsurance at SiriusPoint, and will be based in Singapore, subject to regulatory approval. He will work with the executive and global business leaders to drive SiriusPoint International's growth and expansion plans, further strengthening SiriusPoint's capabilities in general corporate strategy, market intelligence and go-to-market planning and execution in the international space, focusing first on the Asia Pacific region.

"We are delighted to welcome Bobby to SiriusPoint and to attract a candidate of his caliber," said Ms. Cramér Manhem. "As a driven and creative executive, he brings a wealth of experience and a deep understanding of the international re/insurance world, particularly in Asia. He has a first-class reputation in building successful and profitable underwriting platforms. This appointment further strengthens our focus on value creation and continued commitment to cultivating relationships with our partners."

Mr. Heerasing has over 25 years' experience and joins from Asia Capital Re (ACR) Holdings, where he served as Group CEO and was a member of the board. In his three years leading ACR, Bobby was instrumental in significantly improving the financial performance of the company whilst also successfully turning the carrier into a credible and respected global P&C reinsurer. Before ACR, he spent 19 years working in the property treaty and casualty treaty reinsurance market at XL Catlin Ltd, serving as Underwriting and Distribution Director, Insurance, and prior to that as Chief Underwriting Office, Asia Pacific. He began his insurance career in 1995 at Royal Sun & Alliance as a Senior Underwriting Assistant, Marine.

About SiriusPoint

SiriusPoint Ltd. (SiriusPoint) is a global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Specialty, Property and Runoff, combining data and creative thinking to underwrite risks with skill and discipline. 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 Hills, Rein4ce
[email protected]
+44 7718882011

Forward-Looking Statement

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. These risks and uncertainties include 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; 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 Quarterly Reports on Form 10-Q for the periods ended March 31, 2021 and June 30, 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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