SiriusPoint repurchases all CM Bermuda shares and warrants for $733M; $250M paid upfront

SiriusPoint Ltd

Repurchases 45.7M common shares at $14.25/sh and 21M warrants at $3.56/sh from CM Bermuda.
First payment of $250M made Dec 30; second $483M due at closing by Feb 28, 2025.
Proforma Bermuda Solvency Capital Ratio remains at 218% after payments; funded from existing capital.
Diluted BVPS $14.73 as of Sep 30, 2024; 30-day VWAP $15.16 as of Dec 27.
Director Meng Tee Saw to resign at closing; Investor Rights Agreement terminated.

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