SiriusPoint Q1 CoR improves 19.9 points to 73.8% on reinsurance reserve releases
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SiriusPoint Q1 CoR improves 19.9 points to 73.8% on reinsurance reserve releases

Jairo Ibarra
May 03, 2023
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SiriusPoint’s Q1 combined ratio improved 19.9 points to 73.8%, after the (re)insurer recorded $105mn of favorable reserve development, up from $5.5mn last year.

The Bermudian said the favorable reserve experience during the quarter was driven by decreases in the domestic and international P&C lines of business in the reinsurance segment and accident and health in the insurance segment.

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Jairo Ibarra
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