SiriusPoint Ltd. (NYSE:SPNT) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET

Company Participants

Dhruv Gahlaut - Head, IR and Chief Strategy Officer

Scott Egan - CEO

Steve Yendall - CFO

Conference Call Participants

Operator

Good morning, ladies and gentlemen, and welcome to the SiriusPoint Limited Second Quarter 2023 Earnings Call. During today's presentation, all parties will be in a listen-only mode. As a reminder, this conference call is being recorded.

I would now like to turn the call over to Dhruv Gahlaut, Head of Investor Relations and Chief Strategy Officer, for SiriusPoint. Please go ahead.

Dhruv Gahlaut

Thank you, operator, and good morning, good afternoon to everyone listening. I welcome you to the SiriusPoint Earnings Call for the 2023 half year and second quarter results. Last night, we issued our earnings press release and financial supplement, which are available on our website www.siriuspt.com. Additionally, a webcast presentation will coincide with today's discussion and is available on our website.

With me here today are Scott Egan, our Chief Executive Officer, and Steve Yendall, our Chief Financial Officer.

Before we start, I would like to remind you that today's remarks contain forward-looking statements based on management's current expectations, actual results may differ. Please refer to Page 2 of our investor presentation for additional information and the company's latest public filings.

At this time, I will turn the call over to Scott.

Scott Egan

Thank you, Dhruv, and welcome, everyone, and thank you for joining our half year results call.

Our second quarter has been another strong quarter for SiriusPoint. We continue to make good progress against our strategic priorities, building on the progress made during the last three quarters. Before we get into the results, I would like to provide some comments on three other areas.

Firstly, Bronek Masojada is now serving as Chair of the company's Board of Directors effective June 2, after joining our Board as an Independent Director on May 2. Bronek is a proven industry leader with over 30 years of insurance experience, which will further strengthen our Board. I'd like to take this opportunity to thank Sharon Ludlow, who joined the Board in February 2021 and has been Interim Chair since May 2022 for her service over the past year. Sharon will continue to serve as a Non-Executive Director and as Chair of SiriusPoint's Audit Committee.

Secondly, and as widely reported at the beginning of Q2, the SiriusPoint Board of Directors established a special committee of independent directors to review the proposal made by Mr. Daniel Loeb in conjunction with his 13-D filing regarding a potential transaction to acquire the company. On May 12, Mr. Loeb and certain of his affiliates filed a subsequent 13-D with their decision to conclude the exploratory discussions. Ultimately, the committee was unanimous in its belief that its current strategy is the best path to deliver enhanced long-term value for shareholders.