SiriusPoint adopts executive severance plan effective Aug 1, 2025

SiriusPoint Ltd

Plan provides up to 52 weeks base pay, pro-rated annual incentive, and full cash bonus vesting for executives terminated without cause or for good reason.
Eligible non-executive employees get two weeks base pay per year of service (min 6 months, max 52 weeks) plus similar incentive and benefits.
Enhanced severance at 150% of base pay and prior-year incentive for qualifying terminations within 12 months after a change in control.
Plan covers executive leadership team and other employees designated by the Plan Administrator; supersedes prior severance plans except individual agreements.
Board approved July 30, 2025; plan effective August 1, 2025.

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