SiriusPoint hit with $287mn in cat losses in Q3, drops to $266mn underwriting loss
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SiriusPoint hit with $287mn in cat losses in Q3, drops to $266mn underwriting loss

James Thaler
November 03, 2021
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SiriusPoint logo bermuda.jpg

Bermuda (re)insurer SiriusPoint fell to a $266mn underwriting loss in the third quarter, hurt by $287mn in catastrophe claims that were principally driven by Hurricane Ida and the European flooding in July.

The company reported a $48mn net loss in the quarter, amounting to a $0.34 net loss per share. A year ago, Third Point Re and Sirius International combined to generate a $68mn net profit.

SiriusPoint’s

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