SIRIUSPOINT LTD FILES (8-K) Disclosing Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.




CEO Resignation

On May 17, 2022, SiriusPoint Ltd. (the "Company") announced that Siddhartha
Sankaran, Chief Executive Officer of the Company, resigned from the Company
effective as of the close of business on May 16, 2022 to pursue other
opportunities. In addition, Mr. Sankaran resigned as Chairman of the Board of
Directors of the Company (the "Board").

On May 17, 2022, the Board appointed Daniel V. Malloy as interim Chief Executive
Officer of the Company and appointed current director Sharon M. Ludlow as
interim Chair of the Board.

Due to Mr. Sankaran's resignation, he will not stand for re-election at the 2022
Annual General Meeting of shareholders of the Company (the "Annual General
Meeting"). As a result, Mr. Sankaran's name has been withdrawn from nomination
for re-election to the Board. The Board has determined that no other nominee for
election at the Annual General Meeting will be named in place of Mr. Sankaran.

In connection with his resignation, the Company and Mr. Sankaran have entered
into a resignation agreement, dated May 16, 2022. Under the resignation
agreement, the Company and Mr. Sankaran have agreed that Mr. Sankaran will make
himself available through August 16, 2022 to provide post-resignation services
to the Company, and in consideration of these services, the Company has agreed
to pay Mr. Sankaran a fee of $250,000. At the end of this transition period, the
Company and Mr. Sankaran have agreed that Mr. Sankaran will be relieved of his
non-competition obligations under the employment agreement to which the Company
and Mr. Sankaran are parties, dated as of February 15, 2021, and, in
consideration of this relief, Mr. Sankaran has agreed to enhanced protections
relating to the solicitation and hiring of certain key Company personnel. Under
the resignation agreement, the Company and Mr. Sankaran continue to be bound by
the non-disparagement provisions in Mr. Sankaran's employment agreement, and the
Company and Mr. Sankaran have also provided each other with mutual releases of
claims. In consideration of these releases and the other commitments made by Mr.
Sankaran in the resignation agreement, the Company has agreed to pay Mr.
Sankaran $4,000,000 in a cash lump sum payment and to provide Mr. Sankaran and
his eligible dependents with continued medical and life insurance benefits. In
addition, the Company has permitted Mr. Sankaran to retain 787,460 restricted
common shares of the Company and 409,483 Company stock options (which will
remain exercisable through the end of the three year period following Mr.
Sankaran's resignation), all of which will now vest over the two years following
his resignation, and the remaining 509,657 restricted shares and 635,615 options
held by him, and all of his previously granted 229,247 performance-based
restricted share units, will be forfeited. The foregoing description of the
resignation agreement is qualified in its entirety by the terms and conditions
of the resignation agreement, a copy of which is attached to this Current Report
as Exhibit 10.1.

The Company and Mr. Malloy have agreed that, in consideration of Mr. Malloy's services, he will be paid an annual base salary of $850,000, with a minimum
salary of $425,000 if Mr. Malloy's services are for less than six months. Mr.
Malloy will also have a target cash annual bonus opportunity for fiscal 2022 of
$425,000 (assuming six months of service) or $850,000 (if Mr. Malloy's service
is longer than six months in duration). Mr. Malloy will also be granted
restricted Company common shares having a grant date value of $1,000,000, which
will vest upon the start date of Mr. Malloy's successor (or, if earlier, a
termination without cause or a resignation with good reason). Mr. Malloy will
also be provided with housing (or reimbursement for housing) in Bermuda for a
duration of not less than one year. The foregoing description of the services
agreement is qualified in its entirety by the terms and conditions of Mr.
Malloy's services agreement with the Company, a copy of which will be filed with
the Company's Quarterly Report on Form 10-Q for the period ended June 30, 2022.

Daniel V. Malloy

Daniel V. Malloy is an experienced reinsurance professional and has had a long
relationship with the Company and its predecessor, Third Point Re. Following the
creation of the Company in February 2021, Mr. Malloy served as the President of
Global Distribution and Services until April 2022, and prior to that he was the
Chief Executive Officer of Third Point Re. Mr. Malloy joined Third Point Re in
2012 and served as Executive Vice President of Underwriting and then Chief
Underwriting Officer, before his promotion to Chief Executive Officer in 2019.

Mr. Malloy's experience in the reinsurance industry spans more than four
decades, including positions with Aon Benfield, Stockton Reinsurance, Centre RE,
and Zurich Reinsurance. He is a graduate of Dartmouth College.

Sharon M. Ludlow

Sharon M. Ludlow is a Corporate Director with more than 25 years of experience
in the insurance/reinsurance industry. During the course of her career, Ms.
Ludlow served as President & CEO of Swiss Re Canada and as President of Aviva
Insurance Company of Canada.

Ms. Ludlow currently serves on the boards of Lombard International, EIS Group
and Green Shield Canada. Ms. Ludlow is a Fellow of the Chartered Professional
Accountants (FCPA, FCA, Canada) and holds a Bachelor of Commerce degree from the
University of Toronto. She also holds the Institute of Corporate Directors
designation (ICD.D).

Director Resignation and Director Appointment

On May 17, 2022, Joshua L. Targoff resigned from the Board and the Risk and
Capital Management Committee effective 24 hours following the conclusion of the
Annual General Meeting. To fill the vacancy created by Mr. Targoff's resignation, on May 17, 2022 the Board appointed Daniel S. Loeb to the Board as
a Class II director to be effective immediately following Mr. Targoff's resignation. Mr. Loeb was also appointed to the Risk and Capital Management
Committee and the Investment Committee, effective on the same date.

The disclosure related to Mr. Loeb under the heading "Certain Relationships and
Related Party Transactions-Related Party Transactions" in the Company's

definitive proxy statement on Schedule 14A filed on April 14, 2022 is
incorporated by reference herein. Mr. Loeb will not be compensated for his
services as a director.

Mr. Loeb is the founder and Chief Executive Officer of Third Point LLC, a New
York-based investment management firm he founded in 1995. He has served on
several philanthropic boards. Mr. Loeb graduated with an A.B. in Economics from
Columbia University in 1983.