SiriusPoint’s stake in MGA Banyan reduced to 49% from 100% after recap
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SiriusPoint’s stake in MGA Banyan reduced to 49% from 100% after recap

Jairo Ibarra
May 04, 2023
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Bermudian carrier SiriusPoint’s equity stake in D&O MGA Banyan Risk has been reduced to 49% from 100%, filings show.

The decrease in SiriusPoint’s shareholding interest followed a recapitalization process that Banyan completed in January, the (re)insurer disclosed in its Q1 10-Q filed with the SEC.

“As

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Jairo Ibarra
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