SiriusPoint
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The agency cited SiriusPoint’s recent management moves including lower cat exposure as a driver of the change. -
ISA is part of Ryan Specialty National Programs, which launched last month.
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SiriusPoint will provide capacity for a new construction liability program.
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The partnership will launch a new umbrella excess insurance product.
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The ratings agency noted “significant” underwriting improvement in 2023-24.
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Meanwhile, SiriusPoint’s property book grew 25% in full-year 2024.
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The firm’s core CoR improved 3.2 points to 90.2%.
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After two payments, the transaction is expected to be complete in February 2025.
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Shapella will also join the company’s executive leadership team.
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The firm is still operating within its catastrophe budget for the year, CEO Scott Egan said.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The Insurance Insider US news team runs you through the earnings results for the day.
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