SiriusPoint Announces Closing of CM Bermuda Transaction & Completion of Registered Secondary Offering of 4,106,631 Common Shares by Entities Associated with Daniel S. Loeb

Core Viewpoint - SiriusPoint Ltd. has successfully completed the repurchase of all common shares and warrants held by CM Bermuda Limited for a total of $733 million, marking a significant strategic move for the company [1][2]. Group 1: Transaction Details - The repurchase transaction results in CM Bermuda having no remaining ownership interest in SiriusPoint and losing all representation on the board of directors [2]. - The transaction is immediately accretive to book value by 4% and is expected to enhance SiriusPoint's return on equity and earnings per share [2]. - As part of a registered secondary offering, SiriusPoint repurchased 500,000 common shares at a public offering price of $14 per share, leading to the Loeb Entities owning approximately 9.54% of the company's issued and outstanding common shares [3]. Group 2: Company Performance and Future Outlook - SiriusPoint's CEO highlighted that the completion of these transactions follows a year of strong performance, with significant achievements in 2024 [4]. - The company is positioned to leverage the momentum from the past two years to create further value for shareholders in 2025 and beyond [5].