Third Point Reinsurance Ltd. announced that effective not later than the closing of the merger (the “Merger”) of Yoga Merger Sub Limited (“Merger Sub”), a wholly owned subsidiary of the Company with and into Sirius International Insurance Group Ltd. (“Sirius” or “Sirius Group”) contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 6, 2020, by and among the Company, Sirius and Merger Sub, Janice R. Weidenborner Executive Vice President, Group General Counsel and Secretary of the Company, will no longer serve as the chief legal officer of the Company. Through the closing of the Merger or other mutually agreed date (subject at all times to Bermuda immigration requirements), Ms. Weidenborner will continue to serve in a senior role in the Company’s legal function, as well as continue to perform other of her duties, including serving as the Company’s head of human resources, on a full-time basis. Ms. Weidenborner’s ceasing to serve as the chief legal officer of the Company will constitute an event of “good reason” under Ms. Weidenborner’s employment agreement with the Company, a copy of which is publicly available, but, in order to assure a smooth and efficient transition of her current duties and to encourage Ms. Weidenborner to continue to provide critical services necessary to the closing of the Merger, the Company has waived the requirement set forth in the employment agreement that Ms. Weidenborner resign with good reason within 30 days of the date that she ceases to serve as chief legal officer of the Company.