SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers' compensation, and other lines of business, including a cross section of property and casualty lines. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.

SiriusPoint Ltd.

SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and program administrators. With over $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch.

We do not approve, endorse or otherwise control information on third party websites.

www.siriuspt.com

SiriusPoint

SiriusPoint and Stockholm-based Managing General Underwriter Ryan Specialty Nordics have today announced a new strategic trading partnership.

SiriusPoint will support Ryan Specialty Nordics as it offers insurance coverage for onshore windfarms, primarily in Sweden, and a package for small to medium-sized enterprises, which includes commercial property and legal liability.

“We are excited to be working with SiriusPoint on this new program,” Jan Hallberg, Director, Ryan Specialty Nordics, said. “We will benefit from the financial security and market expertise of SiriusPoint’s underwriters, which will support Ryan Specialty Nordics’ ambitions to expand our current product offering to include renewable energy in Sweden and in the rest of the Nordics.”
https://lnkd.in/e7HPf9aK

#Partnership #managinggeneralunderwriter #insurance #MGACentreOfExcellence

The Miami (re) Insurance Week is the most anticipated networking week of the year for the Latin American Insurance Industry. Meet Saskya Cordova Villagomez, Client Manager Life Reinsurance there! She will represent SiriusPoint to network with the industry’s carriers, brokers, and partners. 

Feel free to reach out to her, and find out more about the week’s events. Save the date! https://lnkd.in/ezt4fyU5
#miamireinsuranceweek #reinsurance #insurance #miami

Great to see SiriusPoint’s David Govrin taking part in Fitch Ratings ‘Insurance Insights 2024 North America’ conference. Commenting on the hard market, David said: “One year of adequate returns does not make up for years of sub-adequate returns so I expect reinsurers to remain disciplined around pricing and capital allocation.”
 
David took part in a Global Reinsurance panel alongside moderator Brian Schneider, Senior Director, Reinsurance Sector Head, Fitch Ratings; Marc Amen, President, Renaissance Reinsurance U.S; and François Morin, CFO & Treasurer, Arch Capital.

#reinsurance #insurance #fitchratings #insuranceinsights

SiriusPoint has bolstered its Energy and Marine team with the appointments of Chris Fenn as Head of Marine, London, John Hopper as Head of Energy, and Victoria Hopgood as Senior Underwriter, Energy. The appointments sharpen the Company’s focus on the strategic growth of its Marine and Energy business lines, and strengthen its teams across the international business, including Lloyd’s Syndicate 1945.

Rob Gibbs, President & CEO, SiriusPoint International, said: “We are excited to work with Chris, John and Victoria, and welcome them to the business… Marine and energy are vital components of SiriusPoint’s strategy to be a high-performing underwriter and to our overall business. We are excited to welcome best-in-class underwriting talent and market experience to the Company to help support our ambitious growth plans.”
https://lnkd.in/eX8Uayeq

#marineinsurance #energyinsurance #talent

It was wonderful to welcome so many of our clients and partners to our Stockholm Market Event yesterday. It was a great opportunity for us all to get together, to hear from our longstanding and new partners and to share our plans for the future of SiriusPoint International. Thank you all for joining us and for your continued support.

#partnerships #SiriusPointInternational #MGACentreOfExcellence #ManagingGeneralAgents

We were delighted to officially launch our MGA Centre of Excellence at our Stockholm Market Event this week. 

We partner with managing general agents and coverholders that have strong underwriting expertise and a deep understanding of the markets in which they operate. Our partners also benefit from a dedicated program manager and access to specialist support at every stage of the journey. 

Find out more about SiriusPoint International’s MGA Centre of Excellence here: https://lnkd.in/dpAftwUs  

#managinggeneralagents #coverholders #programadministrators #MGA #underwriting #partner #MGACentreofExcellence

How is artificial intelligence impacting the underwriting process? Anthony Shapella, Deputy Chief Underwriting Officer, will join the team at Insurance Insider for a panel discussion that will uncover the evolving skills underwriters of the future will need to succeed. Find out more and register below.

#artificialintelligence #underwriting #AI

Why is diversity, equality, and inclusion so important to the Bermuda reinsurance industry, and how can a more diverse workforce and senior leadership help these businesses to be successful? 

SiriusPoint’s Lloyd Holder joined a panel of senior representatives from across the (re)insurance industry in Bermuda to discuss how to make a company’s diversity and inclusion vision a reality. Hosted by Bermuda Finance Magazine, participants of the panel emphasized the important role leaders have to play.
 
Click here to read the write-up in full.
https://lnkd.in/d4UfFtMR
 
#Reinsurance #Insurance #diversity #equality #inclusion #bermuda #work #bermudafinancemagazine #panel #leaders #foleon

How is artificial intelligence impacting underwriting? Anthony Shapella, Deputy Chief Underwriting Officer, will join the team at Insurance Insider for a panel discussion that will uncover the evolving skills underwriters of the future will need to succeed. 
 
Find out more and register for this online discussion on the newfound challenges underwriters face in a world with AI. 

https://lnkd.in/dt3xDth4
#Reinsurance #Insurance #underwriting #underwriter #AI

Congratulations to Alta Signa, a European boutique Managing General Agent (MGA) and strategic partner to SiriusPoint, which has today announced the launch of a new European Marine underwriting business.

Thomas Karlsson, Trading Head, Stockholm, said: “We entered our partnership with Alta Signa almost two years ago, with plans to work together as the MGA broadened its geographic footprint and widened its offering. It’s wonderful to see these plans come to fruition with the launch of a new European Marine underwriting business. 

“This expansion also complements SiriusPoint’s risk appetite as we continue to channel new partnerships through our MGA Centre of Excellence in the Nordics and Continental Europe. We are a proud partner of Alta Signa and look forward to continued collaboration as it capitalizes on the niche growth opportunities the market presents in 2024 and beyond.”

Click here to read Alta Signa’s press release in full https://lnkd.in/dAr8rAKK

#managinggeneralagent #MGA #partnership

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	473.87M -	530.11M 11.87%	577.95M 9.02%	708.54M 22.60%	926.71M 30.79%	377.51M 59.26%	979.07M 159.35%	884.57M 9.65%	2.22B 151.50%	66M 97.03%	2.74B 4,047.42%
cost of revenue
gross profit	473.87M -	530.11M 11.87%	577.95M 9.02%	708.54M 22.60%	926.71M 30.79%	377.51M 59.26%	979.07M 159.35%	884.57M 9.65%	2.22B 151.50%	66M 97.03%	2.74B 4,047.42%
selling and marketing expenses
general and administrative expenses	33.04M -	40.01M 21.10%	46.03M 15.06%	39.37M 14.48%	53.10M 34.89%	36.24M 31.75%	53.76M 48.35%	61.44M 14.28%
selling general and administrative expenses	33.04M -	40.01M 21.10%	46.03M 15.06%	39.37M 14.48%	53.10M 34.89%	36.24M 31.75%	53.76M 48.35%	61.44M 14.28%
research and development expenses
other expenses	-273.83M -	-507.76M 85.43%	-714.32M 40.68%	-713.43M 0.12%	-681.82M 4.43%	-727.23M 6.66%	-831.50M 14.34%	-794.39M 4.46%	-2.33B 193.12%	2.53B 208.58%	-938.30M 137.11%
cost and expenses	240.79M -	467.76M 94.26%	668.29M 42.87%	674.07M 0.86%	632.96M 6.10%	698.99M 10.43%	777.74M 11.27%	732.61M 5.80%	2.18B 197.51%	2.59B 19.03%	-2.32B 189.41%
operating expenses	-240.79M -	-467.76M 94.26%	-668.29M 42.87%	-674.07M 0.86%	-628.71M 6.73%	-690.99M 9.91%	-777.74M 12.55%	-732.95M 5.76%	-2.33B 217.69%	2.53B 208.58%	938.30M 62.89%
interest expense			7.24M -	8.23M 13.75%	8.22M 0.07%	8.23M 0.04%	8.23M 0%	8.23M 0.02%	34M 313.12%	38.60M 13.53%	64.10M 66.06%
ebitda	227.31M -	56.04M 75.35%	-83.06M 248.21%	41.46M 149.92%	298.00M 618.78%	-313.47M 205.19%	201.33M 164.23%	151.63M 24.69%	-97.90M 164.57%	-336.60M 243.82%	-8.90M 97.36%
operating income	233.08M -	62.36M 73.25%	-90.34M 244.88%	34.47M 138.15%	298.00M 764.54%	-313.47M 205.19%	201.33M 164.23%	151.63M 24.69%	-103.80M 168.46%	-344.70M 232.08%	-8.90M 97.42%
depreciation and amortization	-5.77M -	-6.32M 9.50%	7.29M 215.36%	6.99M 4.05%					5.90M -	8.10M 37.29%	11.10M 37.04%
total other income expenses net					-4.25M -	-8.01M 88.26%		341K -	148.90M 43,565.69%	-78M 152.38%	318.70M 508.59%
income before tax	233.08M -	62.36M 73.25%	-90.34M 244.88%	34.47M 138.15%	293.75M 752.21%	-321.48M 209.44%	201.33M 162.63%	151.97M 24.52%	45.10M 70.32%	-422.70M 1,037.25%	318.70M 175.40%
income tax expense	5.77M -	5.65M 2.06%	-2.90M 151.43%	5.59M 292.53%	11.98M 114.12%	-4.01M 133.48%	713K 117.78%	8.11M 1,037.17%	-10.70M 231.97%	-36.70M 242.99%	-45M 22.62%
net income	227.31M -	50.40M 77.83%	-87.39M 273.41%	27.64M 131.62%	277.80M 905.24%	-317.69M 214.36%	200.62M 163.15%	143.52M 28.46%	58.10M 59.52%	-386M 764.37%	354.80M 191.92%
weighted average shs out	87.51M -	103.29M 18.04%	104.00M 0.69%	104.06M 0.05%	102.26M 1.73%	97.05M 5.09%	91.84M 5.38%	92.51M 0.73%	148.67M 60.70%	160.23M 7.78%	163.34M 1.94%
weighted average shs out dil	88.97M -	106.39M 19.58%	104.00M 2.24%	105.56M 1.50%	105.23M 0.32%	97.05M 7.77%	92.65M 4.54%	92.96M 0.33%	150.16M 61.53%	160.23M 6.71%	169.61M 5.85%
eps	2.58 -	0.48 81.40%	-0.84 275.00%	0.26 130.95%	2.71 942.31%	-3.27 220.66%	2.18 166.67%	1.54 29.36%	0.28 81.82%	-2.41 960.71%	2.07 185.89%
epsdiluted	2.54 -	0.47 81.50%	-0.84 278.72%	0.26 130.95%	2.64 915.38%	-3.27 223.86%	2.16 166.06%	1.53 29.17%	0.27 82.35%	-2.41 992.59%	2 182.99%

COM:SIRIUSPT

Sirius Point Ltd.

Last Close

15.37

22/11 21:00

Market Cap

2.07B

Beta: -

Volume Today

430.76K

Avg: -

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