SiriusPoint chief executive Scott Egan was joined by colleagues from the company as he rang the closing bell at the New York Stock Exchange on Monday.

Mr Egan was joined on the podium by two Bermudian-based staff -- chief information security officer Lloyd Holder and AVP, SEC reporting and accounting policy manager Tori Wholey – as well as SiriusPoint employees from the United States, England, Sweden and Switzerland.

Ahead of ringing the bell, Mr Egan said: “Today is a special day for SiriusPoint. Who would have thought 12 months ago we’d be standing here with our logo around the New York Stock Exchange, our share price up 140 per cent, and what makes me proud is that it’s not by accident. It’s the result of blood, sweat and tears of not just everyone in this room, but by every one of our colleagues around the world.

“And there’s still more to come. When a company has been through a turnaround as SiriusPoint has, sometimes you need confidence behind the proof points. So I hope everyone here today and those watching the bell ringing around the offices, look at the SiriusPoint logos behind us, they look at us on the trading floor and during the bell ringing, because every single person at the company has worked hard to make that happen. You have my huge thanks for helping us do that.”

The first quarter of 2023 was SiriusPoint’s first positive quarter in nearly two years, with net income available to the company’s common shareholders of $139 million.

At the half-year mark, the company reported net income available to SiriusPoint common shareholders of $205 million.

Mr Egan added: “I’ve always said that the first half of the year shapes us, but the second half of the year defines us. And so it’s really important that we keep our eye on the ball, remembering the detail matters, and that we close this year out.

“This year is a platform for 2024 and 2025, and I, alongside you, want to make this one of the companies that operates at the highest levels and operates as the best in class in our markets. I don’t want to be average; I want people to talk about SiriusPoint as being the best at what we do.

“The most special part of being here today is the values nominations that we ran and as you all know, our colleagues voted for people to be on the platform. And there’s no greater privilege than being voted for by your colleagues.

“I know some people are relatively new to the organisation and others have been here for a very long time. Every single one of you has put your DNA on SiriusPoint, so a huge welcome today and a huge congratulations to you.