Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment
of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 19, 2021, Third Point Reinsurance Ltd. (the "Company") determined
that, upon closing of the merger (the "Merger") of Yoga Merger Sub Limited
("Merger Sub"), a wholly owned subsidiary of the Company with and into Sirius
International Insurance Group, Ltd. ("Sirius") contemplated by the Agreement and
Plan of Merger (the "Merger Agreement"), dated as of August 6, 2020, by and
among the Company, Sirius and Merger Sub, David Govrin, President, Third Point
Reinsurance (USA) Ltd. and Head of Business Development, Third Point Reinsurance
Ltd., will become Global Chief Underwriting Officer and President, Americas
Reinsurance of SiriusPoint Ltd., which will be the name of the Company following
the Merger. The Company determined that Nicholas J.D. Campbell, Chief Risk
Officer and EVP, Underwriting, will become Global Head of Specialty and lead
SiriusPoint Ltd.'s Bermuda operation effective upon closing of the Merger. In
addition, Janice Weidenborner, head of human resources, will be stepping down
from such position following closing of the Merger, but will continue to serve
in a senior role in the Company's legal and human resources functions. Vievette
M. Henry will be joining the Company as Chief People Officer on March 1, 2021.
As previously announced, Daniel V. Malloy will be stepping down as President and
Chief Executive Officer of the Company; he will become President, Global
Distribution and Head of Runoff upon closing of the Merger, subject to Bermuda
Department of Immigration approval.
On February 22, 2021, the Company issued a press release announcing these and
other leadership appointments. A copy of the press release is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
No. Description
99.1 Press Release, dated as of February 22 , 2021
101 Pursuant to Rule 406 of Regulation S-T, the cover page information in
formatted in Inline XBRL
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document and included in Exhibit 101)
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