SiriusPoint Announces Pricing of Secondary Offering of 4,106,631 Common Shares by Entities Associated with Daniel S. Loeb and Repurchase of 500,000 Shares by SiriusPoint

Core Points - SiriusPoint Ltd. announced a secondary offering of 4,106,631 common shares at a price of $14.00 per share, expected to close on February 27, 2025 [1] - The company will repurchase 500,000 of the common shares being offered, which will be canceled [2] - Following the offering and repurchase, the Loeb Entities are expected to own approximately 9.54% of SiriusPoint's issued and outstanding common shares [2] - The remaining shares owned by the Loeb Entities will be subject to a 90-day lock-up agreement [3] - Jefferies is acting as the sole bookrunning manager for the offering [3] Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda with offices in New York, London, and Stockholm [5] - The company has over$ 2.6 billion in total capital and holds a financial strength rating of A- from AM Best, S&P, and Fitch, and A3 from Moody's [5]