The Westaim Corporation Announces Board and Management Changes at Arena Investors Group Holdings, LLC

Core Viewpoint - The Westaim Corporation announced significant changes in the board and management of Arena Investors Group Holdings, LLC, effective April 1, 2026, which includes the appointment of Andrew Rabinowitz and Matthew Skurbe to key positions, succeeding Lawrence Cutler [1]. Group 1: Management Changes - Andrew Rabinowitz will join Arena's board of directors as President and General Counsel [1]. - Matthew Skurbe, currently Westaim's Chief Financial Officer, will become Arena's Chief Operating Officer [1]. - Timothy Newville will succeed Matthew Skurbe as the new Chief Financial Officer of Arena [1]. Group 2: Company Overview - Westaim is an integrated insurance and alternative asset management company with two primary operating businesses: Ceres Life and Arena [1]. - Ceres Life is a cloud-native annuity insurance company focused on providing accessible annuity products [1]. - Arena, founded in 2015, is a global institutional asset manager specializing in credit and asset-oriented investments [1]. Group 3: Financial Performance - Westaim reported a net loss attributable to controlling interests of $11.7 million for Q3 2025, compared to a net loss of $1.2 million for Q3 2024, indicating a significant decline in financial performance [2].