SiriusPoint closes $733M CM Bermuda repurchase and secondary offering by Loeb entities

SiriusPoint Ltd

Repurchased 45.7M shares at $14.25 and 21M warrants at $3.56 from CM Bermuda for ~$733M; CM Bermuda now has zero ownership.
Transaction is immediately accretive to book value by 4% and expected to boost ROE and EPS.
Loeb Entities completed secondary offering of 4.1M common shares at $14; SiriusPoint bought back 500K shares in the offering.
Following the transactions, Loeb Entities own approximately 9.54% of SiriusPoint's issued and outstanding common shares.
CEO says transactions mark end of major repositioning; company well-positioned for 2025 value creation.

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