TORONTO and BARBADOS, November 15, 2022 - Sagicor Financial Company Ltd. (TSX: SFC, “Sagicor” or the “Company”) is pleased to announce the appointment of Alan Ryder to the Board of Directors, subject to customary regulatory approval.

Mr. Ryder is a highly experienced insurance and reinsurance executive with over four decades of experience in North America. Mr. Ryder recently retired from his position as Chief Executive Officer of North America Life for PartnerRe Ltd., a global reinsurance company, in August 2021. Previously, Mr. Ryder founded and led Aurigen Capital Limited in 2006 which PartnerRe subsequently acquired in 2017. Prior to founding Aurigen Capital Limited, Mr. Ryder began his career as an actuary and held progressively senior executive roles in the insurance industry, bringing along a wealth of experience to Sagicor.

Sagicor board member Jonathan Finkelstein has resigned as a director of the Company after more than two years on the board. Sagicor is thankful for Mr. Finkelstein’s active participation and contributions to Sagicor.