Fitch Upgrades SiriusPoint’s Rating
Fitch Ratings has upgraded the ratings of SiriusPoint Ltd, including the Insurer Financial Strength [IFS] rating of its operating subsidiaries to ‘A’ [Strong] from ‘A-’, its Long-Term Issuer Default Rating [IDR] to ‘BBB+’ from ‘BBB’, and its senior debt rating to ‘BBB’ from ‘BBB-’. The Rating Outlook is Stable.
The ratings agency said, “The upgrade of SiriusPoint’s ratings reflects strong and improved earnings in recent years driven by favorable operating results from solid underwriting profitability, with a reduced risk profile following a strategic repositioning of the [re]insurance portfolio and exiting non-core lines to lessen overall volatility.”
“Key ratings drivers include SiriusPoint’s strong financial performance, strengthened capitalization and reduced leverage. Fitch also highlighted SiriusPoint’s solid underwriting results over the last three years, favorable reserve development, improved shareholders’ equity, and a combined ratio which reflects “underlying underwriting improvement with improved risk selection.”
Scott Egan, Chief Executive Officer at SiriusPoint, said: “This recognition from Fitch means a great deal to us. The upgrade is a positive endorsement of the progress we’ve made and the strength of our balance sheet. It also follows a strong full‑year 2025 performance, which marked another important step forward for SiriusPoint. We have entered 2026 with real momentum.”
