| Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On September 3, 2025, SiriusPoint Ltd. (the “Company”) announced the appointment of Martin Hudson to serve on the board of directors of the Company (the “Board”), effective September 1, 2025. Mr. Hudson will serve as a Class III director until the Company’s 2028 annual general meeting of shareholders and until his successor has been duly elected and qualified, or until his earlier death, resignation or removal.
Mr. Hudson, 66, 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 of directors across a number of companies, including SiriusPoint International. Mr. Hudson has served as an independent non-executive director of Liberty Mutual Managing Agency Ltd and Liberty Mutual Insurance Europe SE since November 2024 and has served as an independent non-executive chairman of Sirius International Managing Agency Ltd since November 2018. Mr. Hudson also served on the board of directors of (i) Apollo Syndicate Management Ltd from February 2018 until February 2025, (ii) MS Amlin Underwriting Limited from March 2020 to August 2023, and (iii) Old Mutual Specialty Insurance from January 2017 to March 2020. Earlier in his career, Mr. Hudson held senior executive positions with Travelers Insurance, Mitsui Sumitomo Insurance Group, and Old Mutual Specialty Insurance. His leadership experience covers wholesale and retail insurance, specialty and reinsurance markets, and global operations across the U.S., UK, Europe, Canada, and Asia. The Board considered Mr. Hudson’s extensive leadership experience in the (re)insurance industry and as an executive and board member to multiple companies when concluding that Mr. Hudson should serve as a director of the Company.
The Board has determined that Mr. Hudson qualifies as an independent director for purposes of the rules of the New York Stock Exchange as well as applicable rules of the Securities and Exchange Commission (the “SEC”). Mr. Hudson may be appointed to serve on a Board committee at a later date. Committee assignment(s), once determined, will be disclosed by the Company in a Current Report on Form 8-K.
Mr. Hudson will receive the same compensation as the Company’s other non-employee directors, which is summarized in the Company’s definitive proxy statement filed with the SEC on April 10, 2025 for the 2025 annual general meeting of shareholders.
The Company has also entered into an indemnification agreement with Mr. Hudson in the same form as its standard form of indemnity agreement with its other directors.
There are no arrangements or understandings between Mr. Hudson and any other person pursuant to which he was named a director of the Company. Mr. Hudson has no family relationship with the Company’s directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Hudson has not entered into any other material plan, contract, arrangement or amendment in connection with his appointment to the Board.
Mr. Hudson is not a party to any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
On September 3, 2025, the Company issued a press release announcing Mr. Hudson’s appointment. A copy of the press release is attached hereto as Exhibit 99.1.
