SiriusPoint expects no change to S&P rating as CMIH enters receivership
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SiriusPoint expects no change to S&P rating as CMIH enters receivership

Rachel Dalton
December 14, 2023
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SiriusPoint said that the receivership of CMIG International Holding (CMIH) is not expected to affect its Standard & Poor’s rating, despite an affiliate being a major shareholder in the insurer.

A Bermuda CMIH subsidiary holds a 33% shareholding in SiriusPoint, although its voting rights are limited to 9.9%.

The Bermudian reinsurer and the ratings agency issued statements as the Chinese investment company was taken into private receivership by its Singapore...

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