Daniel V. Malloy is the former Chief Executive Officer of SiriusPoint Ltd., a reinsurance company where he played a key role in shaping the leadership and direction of the business. Born in 1967, he graduated from Dartmouth College, which laid...

Daniel V. Malloy is the former Chief Executive Officer of SiriusPoint Ltd., a reinsurance company where he played a key role in shaping the leadership and direction of the business. Born in 1967, he graduated from Dartmouth College, which laid the foundation for his career in the finance and insurance sectors. His expertise in reinsurance became invaluable during his tenure. Although he had a base salary of $850,000 as a CEO, he was recognized for his performance with bonuses and equity awards, showing how his decisions directly impacted the company’s bottom line. Malloy's experience includes a significant role as President of Global Distribution and Services prior to his CEO position, illustrating his deep understanding of the industry. In April 2022, he mutually ended his employment, but not without a severance package that included 18 months’ salary, indicators of his contributions to the team. Even after stepping down, he retained unvested shares, which reflects ongoing trust from the company. His journey highlights the dynamics of leadership in a competitive sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other SiriusPoint CEOs

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Daniel V. Malloy

CEO of SiriusPoint

Education

Graduate of Dartmouth College.

Sector of Economy

Financial Services

CEO of SiriusPoint for

2 years 11 months (May 2022 - Present)

Previous Experience

Experienced reinsurance professional with a long relationship with the Company and its predecessor, Third Point Re.

Rivals

Competitors/colleagues of Daniel V. Malloy

Holdings

See how much did Daniel V. Malloy make over time.

During his time at SiriusPoint, Daniel V. Malloy's financial involvement was closely tied to the company's stock performance, showing a strong alignment with shareholder interests. At the peak, he held over $4 million in vested stock, underscoring his commitment to...

During his time at SiriusPoint, Daniel V. Malloy's financial involvement was closely tied to the company's stock performance, showing a strong alignment with shareholder interests. At the peak, he held over $4 million in vested stock, underscoring his commitment to the company's success. His shares were granted as part of a structured compensation package linked to performance over several years. This included restricted shares that vested upon certain milestones, which were particularly lucrative as SiriusPoint navigated its market challenges. After he left the company in May 2022, his holdings continued to reflect his value within the organization, maintaining significant unvested shares that show how the company intended to honor its agreements with him. Balancing between individual wealth and company performance reflects the broader trends in executive compensation in the reinsurance field.

Total Stock Sold

$2.31M

SPNT

$2.31M

220,000 SPNT shares

What if they kept their stock?

If Daniel V. Malloy didn't sell their stock, today they would have:
Extra SPNT220,000 shares worth $2.31M.
This is 0.2% and $4.57K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of Daniel V. Malloy.

SPNT

163,934 shares

SPNT

May 17, 2022

Received

SPNT

$1.16M

SPNT at $10.51/share

Jun 15, 2021

Sale

SPNT

$1.15M

SPNT at $10.47/share

May 24, 2021

Sale

SPNT

35,895 shares

SPNT

Apr 14, 2021

Received

Compensation History

See how much did Daniel V. Malloy make over time.

In 2022, Daniel V. Malloy's total compensation was around $1.3 million, which featured a salary of $850,000 and a targeted cash bonus of $425,000. This compensation structure was typical for someone in his position, designed to motivate and retain top-level executives in the reinsurance industry. His performance metrics included financial goals that aligned closely with SiriusPoint's objectives. Malloy's total package incorporated not only his direct salary but also the fair value of shares awarded, demonstrating an embedded interest in the long-term success of the company. His compensation was indicative of both his value to the company and the industry standards, reflecting a common approach where bonuses and equity form a significant part of executive pay.

Year

2022

Total Compensation

$2.28M

Salary

$850.00K

Board Justification

The compensation program is designed to attract, motivate, and retain executives of outstanding ability to meet and exceed the demands of the business, focusing on optimizing shareholder value and fostering an ownership culture.

Bonus

$425.00K

Board Justification

Mr. Malloy was entitled to a target cash bonus opportunity for 2022 of $425,000, with a guaranteed minimum of $425,000 for the 2022 fiscal year even if he provided services as Interim CEO for six months or less.

Other

$0.00

Board Justification

Restricted Stock

$1.00M(163.94K restricted shares)

Board Justification

Restricted shares granted to Mr. Malloy on May 17, 2022, which shares vested upon the start date of Mr. Malloy’s successor (or upon an earlier qualifying termination).

Performance Metrics

The performance metrics for the CEO's compensation included financial and strategic goals, with a focus on execution of profitable growth strategies and management of controllable expenses.

Other SiriusPoint CEOs

Here are other CEOs of SiriusPoint

Siddhartha Sankaran

Ex-CEO of SiriusPoint

February 2021 - May 2022