Hashtag: #SiriusPoint
SiriusPoint Partner With Parameter Climate
SiriusPoint Ltd. has announced a strategic partnership with Parameter Climate, a full-service climate underwriting and distribution advisory firm. A spokesperson said, “As part of the transaction, SiriusPoint has purchased a significant ownership stake in Parameter Climate in addition to providing multiyear capacity and paper. Additional capacity... Read more of this article
SiriusPoint Ltd Appoints Bobby Heerasing
SiriusPoint Ltd. has announced that Bobby Heerasing has been appointed to the newly-created role of Head of International Strategic Business Development. A spokesperson said, “Mr. Heerasing comes on board in the newly-created role of Head of International Strategic Business Development. He will be responsible for the strategy and development... Read more of this article
SiriusPoint Appoints Brenden As Chief Actuary
SiriusPoint Ltd. has announced that Justin Brenden has been appointed to the role of Chief Actuary, subject to approval by the Bermuda Department of Immigration. A spokesperson said, “As Chief Actuary, Mr. Brenden will lead SiriusPoint’s actuarial organization, with responsibility for global reserving and aligning pricing to drive to the Company’s... Read more of this article
SiriusPoint Announces Partnership With Vouch
SiriusPoint Ltd. has announced a strategic partnership with Vouch Insurance, the fully-digital business insurance platform for startups. A spokesperson said, “SiriusPoint Ltd., a global specialty insurer and reinsurer, has announced a strategic partnership with Vouch Insurance, the fully-digital business insurance platform for startups. SiriusPoint... Read more of this article
SiriusPoint Estimated Impact From Floods
SiriusPoint Ltd. has revised its previously disclosed estimated third quarter losses arising from the European floods in July 2021. “Severe flooding occurred in Germany’s North Rhine-Westphalia, Rhineland-Palatinate, and Bavaria and Saxony regions, as well as Belgium, France, Luxembourg, and the Netherlands from July 13th to 18th,” the... Read more of this article
Compre And SiriusPoint Announce Strategic Deal
Compre, the international specialist legacy group, and SiriusPoint Ltd. announced that they have reached an agreement for Compre to acquire a US$417 million portfolio of legacy liabilities, subject to regulatory approval. The transaction, structured as a loss portfolio transfer, will be underwritten by Compre’s class 3A Bermudian reinsurer, Pallas... Read more of this article
SiriusPoint Launch Specialty MGA Banyan Risk
SiriusPoint Ltd. announced the launch of Banyan Risk Ltd., a Managing General Agent underwriting Directors’ and Officers’ insurance, which will be based and regulated in Bermuda. A spokesperson said, “SiriusPoint Ltd., an international specialty insurer and reinsurer, has announced the launch of Banyan Risk Ltd., a Managing General Agent... Read more of this article
Joyn Secures Investment From SiriusPoint
Joyn Insurance today [July 6] announced a “strategic insurance partnership and investment” from SiriusPoint Ltd. A spokesperson said, “The businesses will work together to transform small and mid-market US commercial insurance through digital technology, data analytics, and automation. “Initially operating as a Managing General... Read more of this article
SiriusPoint Appoints Jennifer Collier-Souza
SiriusPoint Ltd. has announced that Jennifer Collier-Souza has been appointed to the role of Chief Financial Officer for SiriusPoint Bermuda Insurance Company Ltd. A spokesperson said, “As CFO for SiriusPoint Bermuda, Ms Collier-Souza will work with the Global Chief Financial Officer, David Junius, in the financial support of the global organization,... Read more of this article
SiriusPoint Announces 2021 Q1 Results
SiriusPoint Ltd. announced results for its first quarter ended March 31, 2021. First Quarter 2021 Highlights Net income of $130.9 million, or $1.05 per diluted common share Tangible diluted book value per share of $13.97 as of March 31, 2021 Combined ratio of 96.6% On a reported basis, catastrophe losses were $5.7 million or 2.2 percentage points... Read more of this article
SiriusPoint Partner With Hestia Capital
SiriusPoint Ltd announced a partnership with Hestia Capital, the first since SiriusPoint launched in February 2021 as a top 20 global [re]insurer with over $3 billion in capital. Hestia is a Texas-based advisory start-up established by industry executives Jean Francois Bahier and Peter Norris. The company will focus on sourcing and developing structured... Read more of this article
SiriusPoint Releases Inaugural ESG Report
SiriusPoint Ltd. launched their inaugural Environmental, Social, and Governance [ESG] report, which provides an overview of their ESG “policies, actions, and commitments to create a more sustainable, and socially-minded business.” A spokesperson said, “The Company’s global ESG practices and goals are detailed within four key pillars: 1.... Read more of this article
SiriusPoint To Be Lead Sponsor Of Earth Hour
Greenrock announced that SiriusPoint Ltd. will be the lead sponsor of Earth Hour 2021 in Bermuda, which will be held tomorrow [March 27]. A spokesperson said, “Greenrock is proud to announce that SiriusPoint Ltd. [SiriusPoint], a global insurance and reinsurance company, will be the lead sponsor of Earth Hour 2021 in Bermuda. “Earth Hour... Read more of this article
Video: SiriusPoint Rings Opening Bell Of NYSE
Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint, rang the Opening Bell of the New York Stock Exchange on Tuesday March 16, to celebrate the formation of the company and its listing under the NYSE ticker symbol SPNT. The Bermuda-headquartered company was formed from the merger between Third Point Reinsurance Ltd. and Sirius International... Read more of this article
SiriusPoint Launches With Over $3B In Capital
SiriusPoint Ltd., an international specialty insurance and reinsurance company, has launched with over $3 billion in initial capital. “The Bermuda-based Company has been formed as the result of the previously announced merger between Third Point Reinsurance Ltd., a specialty reinsurer, and Sirius International Insurance Group, Ltd., a global multi-line... Read more of this article
Third Point Re Appointments To SiriusPoint Team
Third Point Reinsurance Ltd. announced further executive and senior underwriting roles at SiriusPoint Ltd., ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd. The company said, “The leadership team announcements are: Dan Malloy, President, Global Distribution and Head of Runoff. Mr. Malloy... Read more of this article
