SiriusPoint layoffs, on the record
Every job cut, severance charge and restructuring SiriusPoint reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,063 to 1,099.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,063 | December 31, 2023 |
| 10-K for 2024 | 1,072 | — |
| 10-K for 2025 | 1,099 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany announced a restructuring of its underwriting platform and international branch network, closing offices in Hamburg, Miami and Singapore and reducing footprint in Liege, Toronto and Stockholm.
Word for word“On November 2, 2022, we announced a restructuring of our underwriting platform to support the future shape of our business.” 10-K for 2023
Our summaryCompany recorded restructuring charges, which include severance-related charges, for 2023.
Word for word“These amounts were offset by restructuring charges of $30.0 million, which include severance-related charges, for the year ended December 31, 2023, com pared to $46.0 million of severance and other related charges for the year ended December 31, 2022.” 10-K for 2023
Our summaryCompany incurred costs associated with the 2023 LPT and an Indication of Interest, separate from restructuring charges.
Word for word“In addition, the Company incurred $7.9 million of costs associated with the 2023 LPT and the Indication of Interest in the year ended December 31, 2023.” 10-K for 2023
Our summaryThe filing says it incurred severance and compensation expenses tied to management changes in 2024.
Word for word“This decrease was partially offset by severance and compensation related expenses associated with management changes, consulting fees related to nonrecurring projects and increased regulatory fees as we grow our Lloyds business, incurred during the year ended December 31, 2024 .” 10-K for 2024
Our summaryThe filing describes the 2022 restructuring of the underwriting platform (the Restructuring Plan), which put runoff business into Corporate results.
Word for word“Corporate results include all runoff business, which represents certain classes of business that we no longer actively underwrite, including the effect of the restructuring of the underwriting platform announced in 2022 (the “Restructuring Plan”) and certain reinsurance contracts that have interest crediting features.” 10-K for 2024
Our summaryThe filing says it exited about $300 million of international property premiums in the Reinsurance segment as its most notable underwriting action, and exited two partnerships in 2023.
Word for word“Our most notable underwriting action centered on international property within the Reinsurance segment, where we exited around $300 million of premiums, which had been SiriusPoint’s primary source of underwriting volatility.” 10-K for 2024
Our summaryThe company restructured its underwriting platform, announced in 2022, and the effects are reported in Corporate results with the runoff business.
Word for word“Corporate results include all runoff business, which represents certain classes of business and products that we no longer actively underwrite, including the effect of the restructuring of the underwriting platform announced in 2022 (the “Restructuring Plan”).” 10-K for 2025
SiriusPoint filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from SiriusPoint’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.