SiriusPoint Ltd. (SPNT) News
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SPNT News Highlights
- SPNT's 30 day story count now stands at 2.
- Over the past 21 days, the trend for SPNT's stories per day has been choppy and unclear. It has oscillated between 1 and 1.
Latest SPNT News From Around the Web
Below are the latest news stories about SIRIUSPOINT LTD that investors may wish to consider to help them evaluate SPNT as an investment opportunity.
Bronek Masojada appointed Chair of SiriusPointHAMILTON, Bermuda, June 02, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty insurer and reinsurer, has announced the appointment of Bronek Masojada as Chair of the Company’s Board of Directors, effective immediately. Mr Masojada, who joined the board on May 2 this year, is an insurance market veteran with over 30 years’ leadership experience in the industry. Sharon Ludlow, who joined the board in February 2021 and has been interim Chair |
SiriusPoint Special Committee of Board Reiterates Unanimous Support for Company’s StrategyAcknowledges Dan Loeb’s Decision to Conclude Transaction Discussions HAMILTON, Bermuda, May 12, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today acknowledged the decision by Daniel Loeb and certain affiliates to conclude discussions regarding a potential transaction to acquire the Company. Following public disclosure of Mr. Loeb’s interest in acquiring SiriusPoint on April 12, 2023, the Board formed a Special Committee, which included all non-executive |
SiriusPoint Appoints Insurance Industry Veteran Bronek Masojada to Board of DirectorsHAMILTON, Bermuda, May 03, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, today announced that it has appointed Bronek Masojada to the Company’s Board of Directors, effective May 2, 2023. An insurance industry veteran, Mr. Masojada brings to the SiriusPoint board nearly 30 years of public company executive leadership experience. Mr. Masojada spent 28 years at Hiscox Group, a global specialist insurer and reinsure |
SiriusPoint Reports 80.5% Combined Ratio for its Core Operations at Q1 2023 with Net Income Up $358m Year On YearHAMILTON, Bermuda, May 03, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its first quarter ended March 31, 2023. 9% growth in book value per diluted common share, capital generation across all business areas, improving asset and financial leverage and strong balance sheet and capital positions are the key highlights of the first quarterContinued execution against our strategic priorities with the aim of creating a high performi |
SiriusPoint Announces Date for First Quarter 2023 Earnings ReleaseHAMILTON, Bermuda, April 19, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) today announced that it is planning to release its first quarter 2023 financial results after the market close on Wednesday, May 3, 2023. The Company will also hold a webcast, which can also be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Thursday, May 4, 2023. The webcast of the live conference call can be accessed by logging onto t |
AM Best Affirms Credit Ratings of SiriusPoint Ltd. and Its SubsidiariesLONDON, April 19, 2023--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the rated operating subsidiaries of SiriusPoint Ltd. (SiriusPoint) (Bermuda) [NYSE: SPNT]. Additionally, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of SiriusPoint, which is a non-operating holding company. Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating of "bbb-" (Good) on USD 115 million, 7% |
SiriusPoint Acknowledges Indication of Interest from Third PointHAMILTON, Bermuda, April 12, 2023 (GLOBE NEWSWIRE) -- Today SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates (“Third Point”), disclosed in a Schedule 13D/A filing earlier today, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company. Consistent with its fiduciary duties, in consultation with its financial and legal advisors, the Sir |
SiriusPoint and Compre Announce Second Significant Reinsurance Loss Portfolio TransferHAMILTON, Bermuda, March 02, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT) global underwriter, and Compre, the Bermuda headquartered international legacy group, today announce that they have signed an agreement for a ground-up Loss Portfolio Transfer (“LPT”) on a diversified portfolio of primarily reinsurance business. The transaction’s inception is subject to regulatory approvals and other conditions of closing. The LPT covers approximately $1.3bn of reserves, underwrit |
SiriusPoint Confirms Contingent Value Rights Maturity PaymentHAMILTON, Bermuda, March 01, 2023 (GLOBE NEWSWIRE) -- As previously disclosed, SiriusPoint Ltd. (the “Company”) (NYSE: SPNT) entered into the Contingent Value Rights Agreement, dated as of February 26, 2021, by and between the Company, Computershare Inc. and Computershare Trust Company, N.A. (the “CVR Agreement”). Pursuant to the CVR Agreement, the Company issued contingent value rights (“CVRs”), representing the right to receive, on the Maturity Date (as defined below), a contingent cash paymen |
SiriusPoint Reports Significant Progress Made During 2022 and Aims to Achieve Double-Digit Return on Average Common Equity by 2024HAMILTON, Bermuda, Feb. 23, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT) today announced results for its fourth quarter ended December 31, 2022. Progress made as accident year combined ratio improved during 2022 and investment portfolio de-risked. 1/1 renewals have been positive and we continue to operate with a healthy balance sheetTarget >$50 million of cost reduction and double-digit return on average common equity by 2024 as we aim to become a high p |