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Name | Symbol | Market | Type |
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SiriusPoint Ltd (PK) | USOTC:SSPFF | OTCMarkets | Equity Warrant |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0.025 | 2.50 | 100.00 | 0.00 | 01:00:00 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 28, 2024 (
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
(Address of principal executive offices and Zip Code) |
Registrant’s telephone number, including area code: +1
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading symbol(s) |
Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May 24, 2024, upon the recommendation of its Nominating and Corporate Governance Committee, the board of directors (the “Board”) of SiriusPoint Ltd. (the “Company”), increased the size of the Board from nine to ten members, and appointed Susan Cross to fill the newly created vacancy, to serve as a Class I director until the Company’s 2026 annual general meeting of shareholders and until her successor has been duly elected and qualified, or until her earlier death, resignation or removal.
Ms. Cross has over 40 years of experience in the (re)insurance industry and she has served as an executive and board member to multiple companies. Ms. Cross currently serves on the board of Unum Group, a Fortune 500 publicly held insurance company and leading provider of financial protection benefits listed on the New York Stock Exchange, and the board of Enstar Group Limited, a leading global insurance group listed on the Nasdaq Stock Market. She had previously served on the boards of IFG Companies, American Strategic Insurance, Mid Ocean Limited and XL Life Ltd. In addition, Ms. Cross worked at XL Group Ltd. (now AXA XL) for 19 years, from 1999 to 2018, during which time she served as the Senior Vice President and Chief Actuary of its reinsurance operations from 2004 to 2006 and as its Executive Vice President and Global Chief Actuary from 2008 to 2018. Ms. Cross received a Bachelor of Science degree in Mathematics from the University of Maryland. Ms. Cross is 64 years old. The Board considered Ms. Cross’ extensive leadership experience in the (re)insurance industry and as an executive and board member to multiple companies when concluding that Ms. Cross should serve as a director.
The Board has determined that Ms. Cross 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. Ms. Cross may be appointed to serve on a Board committee at a later date. Committee assignment(s), once determined, will be disclosed by the Company in a Current Report on Form 8-K.
Ms. Cross will receive the same compensation as the Company’s other non-employee directors, which is summarized in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 9, 2024, as amended, for the 2024 annual general meeting of shareholders.
The Company has also entered into an indemnification agreement with Ms. Cross in the same form as its standard form of indemnity agreement with its other directors.
There are no arrangements or understandings between Ms. Cross and any other person pursuant to which she was named a director of the Company. Ms. Cross has no family relationship with the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Ms. Cross has not entered into any other material plan, contract, arrangement or amendment in connection with her appointment to the Board.
Ms. Cross is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On May 28, 2024, the Company issued a press release announcing Ms. Cross’ appointment. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit |
Description | |
99.1 | Press Release, dated as of May 28, 2024, issued by SiriusPoint Ltd. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIRIUSPOINT LTD. | ||||||
Date: May 28, 2024 | By: | /s/ Linda S. Lin | ||||
Linda S. Lin | ||||||
Chief Legal Officer & Secretary |
Exhibit 99.1
PRESS RELEASE
SiriusPoint Appoints Susan Cross to Board of Directors
HAMILTON, Bermuda, May 28, 2024 SiriusPoint Ltd. (SiriusPoint or the Company) (NYSE:SPNT), a global specialty insurer and reinsurer, has today 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.
Bronek Masojada, Chair of the Board, SiriusPoint commented: Susan is a business leader, and an experienced Board Director who fosters innovative cultures to drive growth. Her experience of working with global organizations through various stages of evolution will be invaluable as we continue to support the Executive Leadership Team, and the wider business, as they execute SiriusPoints plans and deliver results for our shareholders.
I look forward to working with Susan as she brings her global insurance knowledge, financial expertise, and strategic thinking to the Board of Directors.
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. With over $3.0 billion total capital, SiriusPoints operating companies have a financial strength rating of A- (Stable) from AM Best, S&P and Fitch, and A3 (Stable) from Moodys. For more information please visit www.siriuspt.com.
SiriusPoint Contacts
Investor Relations
Dhruv Gahlaut, Head of Investor Relations and Chief Strategy Officer
Dhruv.gahlaut@siriuspt.com
+44 7514 659 918
Media
Sarah Hills, Rein4ce
Sarah.hills@rein4ce.co.uk
+ 44 7718882011
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