• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 8-K filed by SiriusPoint Ltd.

    8/5/25 4:31:48 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance
    Get the next $SPNT alert in real time by email
    8-K
    SiriusPoint Ltd false 0001576018 0001576018 2025-07-30 2025-07-30 0001576018 us-gaap:CommonStockMember 2025-07-30 2025-07-30 0001576018 us-gaap:SeriesBPreferredStockMember 2025-07-30 2025-07-30
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of Earliest Event Reported): July 30, 2025

     

     

    SIRIUSPOINT LTD.

    (Exact name of registrant as specified in its charter)

     

     

     

    Bermuda   001-36052   98-1599372

    (State or other jurisdiction

    of incorporation)

     

    (Commission

    File Number)

     

    (I.R.S. Employer

    Identification No.)

    Point Building

    3 Waterloo Lane

    Pembroke HM 08 Bermuda

    (Address of principal executive offices and Zip Code)

    Registrant’s telephone number, including area code: +1 441 542-3300

    Not Applicable

    (Former name or former address, if changed since last report)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading

    symbol(s)

     

    Name of each exchange

    on which registered

    Common Shares, $0.10 par value   SPNT   New York Stock Exchange
    8.00% Resettable Fixed Rate Preference Shares, Series B, $0.10 par value, $25.00 liquidation preference per share   SPNT PB   New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     
     


    Item 5.02

    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

    Adoption of SiriusPoint Ltd. Executive Severance Plan

    On July 30, 2025, SiriusPoint Ltd. (the “Company”) adopted an Executive Severance Plan (the “Plan”), which will provide severance payments and benefits to eligible employees of the Company (“Participants”) in connection with certain terminations of employment. The Plan was approved by the Company’s board of directors on July 30, 2025 and has an effective date of August 1, 2025.

    The Plan provides severance benefits to two different groups: a group of executives listed by title in the Plan, which includes the Company’s officers and executive officers, and a group of eligible employees selected by the Company to participate in the Plan.

    Executive Benefits. Under the Plan, if a specified executive Participant is terminated by the Company without cause or if the Participant voluntarily resigns from the Company for Good Reason (as defined in the Plan), signs a release agreement, returns all Company property, and abides by all applicable restrictive covenants, the Participant would be entitled to the following benefits: (i) a lump sum payment equal to fifty two (52) weeks of base pay (the “Basic Severance”); (ii) either a lump sum payment equal to the prior year’s short-term incentive plan payout (based on annual incentive target) if the Participant is terminated on or before March 31st (the “Prior Year Incentive”), or a lump sum payment equal to a pro-rated portion of the current year’s projected annual incentive target based on the number of days worked during the year if the Participant is terminated on or after April 1st; (iii) full vesting of any cash bonus unless the terms of the award provide otherwise; (iv) and a lump sum payment equal to the amount of premiums the Company would have paid for medical, dental and vision benefits for the Participant given the Participant’s current elections for the 52-week severance period. If a Participant is entitled to greater severance benefits in the aggregate under an employment or severance agreement, the Participant will be entitled to receive those benefits in lieu of benefits under the Plan, considering only the Participant’s severance payments related to base pay, short-term incentive payments, cash bonus payments, COBRA benefits and the value of any vesting of equity compensation.

    Enhanced Change in Control Benefits. If the separation described in the preceding paragraph occurs within a twelve-month period following a change in control, the Participant would be entitled to enhanced severance consisting of 150% of the Participant’s Basic Severance and 150% of the Prior Year Incentive set forth in the preceding paragraph. If a Participant is entitled to greater severance benefits in the aggregate under an employment or severance agreement, the Participant will be entitled to receive those benefits in lieu of benefits under the Plan, considering only the Participant’s severance payments related to base pay, short-term incentive payments, cash bonus payments, COBRA benefits and the value of any vesting of equity compensation.

    For purposes of the Plan, a change in control includes: (i) the acquisition by a third party of more than 50% of the Company’s voting securities; (ii) the sale, transfer, or other disposition of all or substantially all of the assets of the Company and any subsidiaries to a third party that is not an affiliate immediately prior to such sale, transfer, or other disposition; or (iii) the replacement of a majority of the Company’s board of directors during any 24-month period.

    Benefits for Other Eligible Participants. Other eligible Participants who are terminated by the Company without cause or who voluntarily resign from the Company for Good Reason, sign a release agreement, return all Company property, and abide by all applicable restrictive covenants, are entitled to the following benefits: (i) a lump sum payment equal to two weeks of base pay for each year of service, with a minimum of 6 months and a maximum of 52 weeks of base pay; (ii) either a lump sum payment equal to the prior year’s short-term incentive plan payout (based on annual incentive target) if the Participant is terminated on or before March 31st or a lump sum payment equal to a pro-rated portion of the current year’s projected annual incentive target based on the number of days worked during the year if the Participant is terminated on or after April 1st; (iii) full vesting of any cash bonus unless the terms of the award provide otherwise; (iv) and a lump sum payment equal to the amount of premiums the Company would have paid for medical, dental and vision benefits for the Participant given the Participant’s current elections during the severance period (between 6 months and 52 weeks). If a Participant is entitled to greater severance benefits in the aggregate under an employment or severance agreement, the Participant will be entitled to receive those benefits in lieu of benefits under the Plan, considering only the Participant’s severance payments related to base pay, short-term incentive payments, cash bonus payments, COBRA benefits and the value of any vesting of equity compensation.


    Equity. In addition, all Participants may receive the following benefits related to any outstanding equity awards: (i) a pro-rated number of performance restricted share units may vest based on the number of days the Participant worked during the performance period and multiplied by a severance performance multiplier as set forth in the award agreement; (ii) a pro-rated number of restricted share units may vest; (iii) vested options shall become exercisable until the earlier of 3 years from the termination date or 10 years from the grant date (or 5 years from the grant date, in the case of incentive stock options granted to a 10% shareholder); and (iv) outstanding, vested Buy-out Equity Awards (as defined in the Plan) shall be 100% vested at the termination date with an assumed performance multiplier set at 100%.

    The foregoing description of the Plan does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Plan, which is attached as Exhibit 10.1 and incorporated herein by reference.

     

    Item 9.01

    Financial Statements and Exhibits.

    (d) Exhibits.

     

    Exhibit
    No.

      

    Description

    10.1    SiriusPoint Ltd. Executive Severance Plan and Summary Plan Description.
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document)


    SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

    Date: August 5, 2025  

    /s/ Linda Lin

        Name:   Linda Lin
        Title:   Chief Legal Officer and Corporate Secretary
    Get the next $SPNT alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $SPNT

    DatePrice TargetRatingAnalyst
    7/21/2025$33.00Buy
    B. Riley Securities
    6/26/2025$25.00Outperform
    Oppenheimer
    4/15/2025$17.00Hold
    Jefferies
    More analyst ratings

    $SPNT
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Ambac Financial Group to Acquire Leading Supplemental Health Program Manager ArmadaCare

    Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a

    9/29/25 5:05:00 PM ET
    $AMBC
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint Announces Sale of ArmadaCare MGA for $250m with Long Term Capacity Deal Until 2030

    HAMILTON, Bermuda, Sept. 29, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint") (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced its agreement to sell wholly owned supplemental health insurance program manager, ArmadaCare ("Armada") to Ambac Financial Group Inc. ("Ambac") for $250 million. SiriusPoint will continue its capacity partnership with Armada until the end of 2030. Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $220-230 million, with the transaction valuing Armada at approximately 14x EBITDA1. Pro-forma tangible book value is expected to increase by approximately 10% upon close. Scott Egan, SiriusPoint's Chief Executiv

    9/29/25 4:30:21 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint appoints Martin Hudson to Board of Directors

    HAMILTON, Bermuda, Sept. 03, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Martin Hudson as Board Director, effective September 1, 2025. Mr. Hudson has more than 40 years of international (re)insurance leadership experience, spanning underwriting, risk management, governance, and executive management. Since 2015, he has served as an Independent Non-Executive Director and Chair of the Board across a number of companies, including SiriusPoint International Insurance Corporation (publ). He is also currently Independent Non-Executive Director at Liberty Mutual Managing A

    9/3/25 4:15:00 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Hudson Martin Peter was granted 3,698 shares (SEC Form 4)

    4 - SiriusPoint Ltd (0001576018) (Issuer)

    9/10/25 4:49:32 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SEC Form 3 filed by new insider Hudson Martin Peter

    3 - SiriusPoint Ltd (0001576018) (Issuer)

    9/9/25 4:30:48 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    Chief Accounting Officer Cabat Evan covered exercise/tax liability with 588 shares, decreasing direct ownership by 2% to 33,777 units (SEC Form 4)

    4 - SiriusPoint Ltd (0001576018) (Issuer)

    9/3/25 4:15:31 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    SEC Filings

    View All

    SEC Form 8-K filed by SiriusPoint Ltd.

    8-K - SiriusPoint Ltd (0001576018) (Filer)

    9/29/25 5:02:20 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SEC Form 8-K filed by SiriusPoint Ltd.

    8-K - SiriusPoint Ltd (0001576018) (Filer)

    9/3/25 4:30:34 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SEC Form SCHEDULE 13G filed by SiriusPoint Ltd.

    SCHEDULE 13G - SiriusPoint Ltd (0001576018) (Subject)

    8/15/25 8:56:39 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    B. Riley Securities initiated coverage on SiriusPoint with a new price target

    B. Riley Securities initiated coverage of SiriusPoint with a rating of Buy and set a new price target of $33.00

    7/21/25 8:39:11 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    Oppenheimer initiated coverage on SiriusPoint with a new price target

    Oppenheimer initiated coverage of SiriusPoint with a rating of Outperform and set a new price target of $25.00

    6/26/25 8:11:36 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    Jefferies initiated coverage on SiriusPoint with a new price target

    Jefferies initiated coverage of SiriusPoint with a rating of Hold and set a new price target of $17.00

    4/15/25 9:02:26 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    Leadership Updates

    Live Leadership Updates

    View All

    SiriusPoint appoints Martin Hudson to Board of Directors

    HAMILTON, Bermuda, Sept. 03, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Martin Hudson as Board Director, effective September 1, 2025. Mr. Hudson has more than 40 years of international (re)insurance leadership experience, spanning underwriting, risk management, governance, and executive management. Since 2015, he has served as an Independent Non-Executive Director and Chair of the Board across a number of companies, including SiriusPoint International Insurance Corporation (publ). He is also currently Independent Non-Executive Director at Liberty Mutual Managing A

    9/3/25 4:15:00 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint Announces Changes to Chief Underwriting Office Leadership to Support Future Growth Strategy

    HAMILTON, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced changes to its Chief Underwriting Office leadership to support plans for further growth and profitability in 2025. From January 1, 2025, Anthony Shapella will be promoted into the role of Group Chief Underwriting Officer and will join the Executive Leadership Team. David Govrin will now focus entirely on his role as Group President and Chief Executive Officer of Global Reinsurance. Mr. Govrin has held the dual role of Group President and Chief Underwriting Officer and Global Profit and Loss (P&L) Lead for Reinsurance since Februar

    11/11/24 4:15:38 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint Appoints Susan Cross to Board of Directors

    HAMILTON, Bermuda, May 28, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10. Susan has over 40 years of experience in the (re)insurance industry, with a focus on developing and leading actuarial and analytical functions to support global growth. She has been a Director of Enstar Group Limited (Enstar) since October 2020, and prior to that served as Executive Vice President and Global Chief Actuary at XL Group (now AXA XL),

    5/28/24 4:15:45 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    Financials

    Live finance-specific insights

    View All

    Ambac Financial Group to Acquire Leading Supplemental Health Program Manager ArmadaCare

    Acquisition follows closing of sale of Ambac's legacy financial guarantee businesses and completion of Ambac's transformation into a pure-play MGA and specialty insurance platform Addition of leading supplemental health insurance program manager significantly strengthens Ambac's market position, propels growth trajectory, and accelerates specialty insurance distribution strategy Transaction expected to be accretive to Ambac shareholders in 2026 Ambac to hold investor call at 8:30am ET to provide an update on its strategic plan and go-forward priorities Ambac Financial Group, Inc. ("Ambac") (NYSE: AMBC), an insurance holding company, today announced it has entered into a definitive a

    9/29/25 5:05:00 PM ET
    $AMBC
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint Reports Second Quarter 2025 Results with Improvement in Core Combined Ratio to 89.5%

    HAMILTON, Bermuda, Aug. 04, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT) today announced results for its second quarter ended June 30, 2025 Combined ratio of 89.5% in the second quarter for Core business, representing a 3.8 point improvement from prior year and resulting in a half year Core combined ratio of 92.4%Underwriting income growth of 83% year over year in the second quarter to $68 million for Core businessStrong gross premiums written growth of 10% for Core business in the second quarter, marking the fifth consecutive quarter of double-digit growthSecond quarter return on equity of 12.7%, with underlying return on equity of 17.0% in the q

    8/4/25 6:05:25 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SiriusPoint Announces Dividend on Series B Preference Shares

    HAMILTON, Bermuda, Aug. 04, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. ("SiriusPoint" or the "Company") (NYSE:SPNT), an international specialty insurer and reinsurer, has announced that the Audit Committee of 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 or prior to August 29, 2025 to Series B shareholders of record as of August 14, 2025. About SiriusPoint SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with of

    8/4/25 6:00:28 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    $SPNT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13D/A filed by SiriusPoint Ltd.

    SC 13D/A - SiriusPoint Ltd (0001576018) (Subject)

    11/26/24 4:41:55 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    Amendment: SEC Form SC 13D/A filed by SiriusPoint Ltd.

    SC 13D/A - SiriusPoint Ltd (0001576018) (Subject)

    11/22/24 9:10:58 AM ET
    $SPNT
    Property-Casualty Insurers
    Finance

    SEC Form SC 13G/A filed by SiriusPoint Ltd. (Amendment)

    SC 13G/A - SiriusPoint Ltd (0001576018) (Subject)

    2/13/24 5:14:01 PM ET
    $SPNT
    Property-Casualty Insurers
    Finance