TPRE Third Point Reinsurance Ltd

On May 2, 2023, Bronek Masojada was appointed to the board of directors (the “Board”) of SiriusPoint Ltd. (“SiriusPoint”), 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, a not-for-profit company that provides electronic placing services to the London insurance market. From 2000 to 2021, Mr. Masojada served as Chief Executive Officer of Hiscox Group, a global specialist insurer and reinsurer listed on the London Stock Exchange (“Hiscox”). 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.

Mr. Masojada will receive the same compensation as SiriusPoint’s other non-employee directors, which is summarized in SiriusPoint’s proxy statement for the 2023 annual general meeting of shareholders, which was filed with the Securities and Exchange Commission on April 21, 2023.

There are no arrangements or understandings between Mr. Masojada and any other person pursuant to which he was named a director of SiriusPoint. Mr. Masojada has no family relationship with SiriusPoint’s directors or executive officers or any persons nominated or chosen by SiriusPoint to be a director or executive officer. Mr. Masojada has not entered into any other material plan, contract, arrangement or amendment in connection with his appointment to the Board.

Mr. Masojada is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

On May 3, 2023, SiriusPoint issued a press release announcing Mr. Masojada’s appointment. A copy of the press release is attached hereto as Exhibit 99.1.