SiriusPoint Ltd. (NYSE:SPNT) Q1 2023 Results Conference Call May 4, 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 Ltd First Quarter 2023 Earnings Conference Call. On 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 Mr. Dhruv Gahlaut, Head of Investor Relations and Chief Strategy Officer of SiriusPoint. Please go ahead now, sir.

Dhruv Gahlaut

Welcome you to the SiriusPoint Earnings Call for the 2023 first quarter results. Last night, we issued our earnings press release and financial supplement, which are both 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 point, I will turn the call over to Scott.

Scott Egan

Thank you, Dhruv, and good morning, good afternoon, everyone. Thank you for joining our first quarter results call. We have been busy executing against our strategic priorities, which I outlined as part of our full-year 2022 results. I intend to provide you with a fuller update on our progress against these at our half-year results update. But today, I will highlight the significant progress we have made during this quarter.

Before we get into the results, I would like to update on 2 areas: Firstly, we are extremely pleased to announce today the appointment of Bronec Masojada as an independent director to our Board. Bronec is a proven industry leader with over 30 years of insurance experience, which will further strengthen our board. We look forward to welcoming him to the company. Secondly, turning to the 13D filing by Dan Loeb. As an update, the City’s Point Board of Directors has established a special committee of independent directors to review any acquisition proposal made by Mr. Loeb if and when a proposal is received. In connection with forming the special committee, the Board agreed that it would not move forward with any transaction unless it is first approved by the committee.