SIRIUSPOINT LTD FILES (8-K) Disclosing Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Change in Directors or Principal Officers, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Item 2.02 Results of Operations and Financial Condition.

On November 2, 2022, SiriusPoint Ltd. (the "Company") issued a press release
reporting its financial results for the third quarter ended September 30, 2022
attached hereto as Exhibit 99.1.

The information contained in this Item 2.02 of this Current Report on Form 8-K,
including Exhibit 99.1 attached hereto, is being furnished pursuant to this Item
2.02. This information shall not be deemed to be "filed" for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise subject to the liabilities of that Section, or incorporated by
reference into any filing under the Securities Act of 1933, as amended (the
"Securities Act"), or the Exchange Act, except as shall be expressly set forth
by specific reference in such filing.

Item 2.05 Costs Associated with Exit or Disposal Activities.

On November 2, 2022, the Company announced that it is restructuring its
underwriting platform to support the future shape of its business. As part of
its ongoing strategy to strengthen underwriting results and align the Company's
operating platform to its business portfolio, the Company will be making changes
to the structure and composition of its international branch network (the
"Restructuring Plan"). The Company will reduce the locations from which it
underwrites property catastrophe reinsurance. As a result, SiriusPoint will
close its offices in Hamburg, Miami and Singapore, and reduce its footprint in
Liege and Toronto. Following the anticipated closures and scaling of its
operating platform, SiriusPoint will continue to serve clients and underwrite
North American property catastrophe business from Bermuda, and international
property catastrophe business from Stockholm. The Company's initial estimate is
that it will incur approximately $30.0 million to $35.0 million of total costs,
primarily in the fourth quarter of 2022, to implement the Restructuring Plan.

This Item 2.05 contains forward-looking statements, including information
regarding the Restructuring Plan. These forward-looking statements are based on
the Company's current expectations and inherently involve significant risks and
uncertainties. The Company's actual results and the timing of events could
differ materially from those anticipated in such forward-looking statements as a
result of these risks and uncertainties. A further description of the risks and
uncertainties relating to the business of the Company is contained in the
Company's Annual Report on Form 10-K for the fiscal year ended December 31,
2021, filed with Securities and Exchange Commission on March 1, 2022, and the
Company's subsequent current and periodic reports filed with the Commission. The
Company undertakes no duty or obligation to update any forward-looking
statements contained in this Item 2.05 as a result of new information, future
events or changes in expectations.

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

                 of Certain Officers; Compensatory Arrangements of Certain Officers.


Monica Cramér Manhem

On November 2, 2022, the Company announced that Monica Cramér Manhem will cease
serving as the Company's President, International Reinsurance President,
effective as of June 30, 2023. Upon stepping down as the Company's President,
International Reinsurance President, Ms. Cramér Manhem will be eligible for
benefits pursuant to the terms of her existing employment agreement for a
termination due to retirement, which are described in the Company's Definitive
Proxy Statement filed with the U.S. Securities and Exchange Commission on April
14, 2022.

David Govrin

On November 2, 2022, the Company announced that David Govrin, currently the
Company's Global Chief Underwriting Officer and President, Americas Reinsurance,
was promoted to the position of Group President and Chief Underwriting Officer
of the Company, effective immediately.

Mr. Govrin, age 59, has served as the Company's Global Chief Underwriting
Officer and President, Americas Reinsurance since March 2021. Mr. Govrin served
in a variety of senior positions at Third Point Reinsurance and was most
recently President of Third Point Reinsurance (USA) Ltd., a position he held
since May 2019. He also served as Head of Business Development of Third Point
Reinsurance, and began at Third Point Re in April 2017 as an Executive Vice
President, Underwriting. Prior to joining Third Point Re, he was a Vice
President in Berkshire Hathaway's Reinsurance Group for seven years and a member
of the underwriting team. Before joining Berkshire, Mr. Govrin founded Hudson
Insurance Capital Partners in 2007, a specialty insurance-focused private equity
fund, and Sierra Re Advisors, a boutique reinsurance intermediary.

There are no arrangements or understandings between Mr. Govrin and any other
person pursuant to which he was appointed as an officer of the Company. Mr.
Govrin does not have any family relationship with any director or other
executive officer of the

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Company, and there are no transactions in which Mr. Govrin has an interest
requiring disclosure under Item 404(a) of Regulation S-K.

In connection with Mr. Govrin's appointment as Group President and Chief
Underwriting Officer of the Company, Mr. Govrin and the Company entered into an
employment letter setting forth the terms and conditions of his continued
employment with the Company (the "Employment Letter"). Pursuant to the
Employment Letter, Mr. Govrin is entitled to receive (i) an annual base salary
of $650,000, (ii) a target annual bonus opportunity of 100% of his base salary,
and (iii) beginning with the 2023 regular award cycle, an annual long-term
incentive award having a target grant value equal to 250% of his base salary.

As an inducement for Mr. Govrin to accept the appointment, within thirty days of
entering into the Employment Letter, Mr. Govrin will be granted (i) a restricted
share unit award with a grant date value of $800,000, with the number of
restricted share units subject to the award determined based on the Company's
closing share price on April 5, 2022 (the "Make Whole RSUs"), and (ii) a
restricted share unit award with a grant date value of $1,750,000 (the "Sign-On
RSUs"), with the number of restricted share units subject to the award
determined based on the Company's average closing share price from October 17,
2022 through October 28, 2022. The Make Whole RSUs will vest in three equal
installments on April 6, 2023, April 6, 2024, and April 6, 2025, subject to Mr.
Govrin's continued service to the Company through each vesting date. The Sign-On
RSUs will vest ratably on the first, second and third anniversaries of the grant
date, subject to Mr. Govrin's continued service to the Company through each
vesting date. In addition, the Employment Letter provides that Mr. Govrin will
be granted a stock option award to purchase 350,000 common shares of the Company
with an exercise price equal to fair market value of the Company's common shares
on the date of grant, which will vest and become exercisable when the closing
price of the Company's common shares reaches $8.00.

The Employment Letter also provides that if Mr. Govrin's employment is
terminated by the Company without cause or if Mr. Govrin resigns for good
reason, Mr. Govrin will be eligible for certain severance benefits including (1)
12 months' base salary, (2) an annual bonus for the year of termination
calculated based on actual performance and pro-rated for service during the
year, (3) 12 months of subsidized COBRA premiums during the period of continued
participation in the Company's medical and life insurance plans, (4) vesting of
his outstanding restricted stock units and stock options, with any stock options
to remain exercisable, subject to any applicable performance hurdle(s), through
the earlier of three years following the termination date and their normal
expiration date. In addition, in the event of a "change in control" of the
Company, as defined in the Company's underlying equity plan and applicable award
agreement, the unvested options will vest in full and become immediately
exercisable upon the change in control. The Employment Letter also provides that
in the event Mr. Govrin voluntarily resigns on or after the third anniversary of
signing the Employment Letter, he will receive vesting with respect to his
outstanding and unvested restricted share unit and stock option awards, with the
stock options to remain exercisable, subject to any applicable performance
hurdle(s), through the earlier of three years following such termination and
their normal expiration date. Mr. Govrin's entitlement to these severance rights
is conditioned on entering into a severance and general release agreement with
the Company.

The foregoing summary description of the terms and conditions of the Employment
Letter does not purport to be complete and is subject to, and qualified in its
entirety by, the full text of the Employment Letter, which is filed as Exhibit
10.1 hereto and incorporated by reference herein.

Prashanth Gangu

As previously disclosed, on June 3, 2022, Prashanth Gangu, the former Chief
Operating Officer and President, Insurance and Services of the Company,
separated from the Company. Following such separation, the Company and Mr. Gangu
entered into a Confidential Settlement Agreement and Release, dated September
. . .


Item 7.01   Regulation FD Disclosure.

On November 2, 2022, SiriusPoint Ltd. made available to investors its third
quarter financial supplement attached hereto as Exhibit 99.2, and slide
presentation attached hereto as Exhibit 99.3, which may be used from time to
time by SiriusPoint Ltd. in presentations to investors.

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The information contained in this Item 7.01 of this Current Report on Form 8-K,
including Exhibit 99.2 and Exhibit 99.3 attached hereto, are being furnished
pursuant to this Item 7.01. This information shall not deemed to be "filed" for
purposes of Section 18 of the Exchange Act, or otherwise subject to the
liabilities of that Section, or incorporated by reference into any filing under
the Securities Act or the Exchange Act, except as shall be expressly set forth
by specific reference in such a filing.


Item 8.01  Other Events.
The Board of Directors of SiriusPoint Ltd. approved a quarterly cash dividend of
$0.50 per share on its 8.00% Resettable Fixed Rate Preference Shares, Series B,
$0.10 par value, $25.00 liquidation preference per share payable on November 30,
2022 to Series B shareholders of record as of November 15, 2022. A copy of the
press release is attached hereto as Exhibit 99.4.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits


      Exhibit
        No.                  Description

        10.1                   David Govrin Employment Letter, dated as of October 31, 2022.
        10.2                   Confidential Settlement Agreement and

Release, dated as of September 30,

                             2022, by and between SiriusPoint Ltd. and Prashanth Gangu.
        99.1                   Press Release dated     N    o    vember     2    , 2022, announcing the
                             earnings of SiriusPoint Ltd. for the     Third     Quarter Ended
                                 September     30, 2022.
        99.2                   Third     Quarter Ended     September    

30, 2022 Financial Supplement.

        99.3                   SiriusPoint Ltd. Presentation to Investors, 

da ted November 2 ,

                               2022.
        99.4                   Press release dated     November     2    , 

2022, announcing the quarterly

                             dividend on the 8.00%     R    esettable Fixed 

Rate Preference Shares, Series

                             B, $0.10 par value.
        104                  Cover Page Interactive Data File (embedded

within the Inline XBRL document).

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