SiriusPoint shares fall over 4% after shareholder CMIH taken into receivership
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SiriusPoint shares fall over 4% after shareholder CMIH taken into receivership

nyse stock exchange financial.jpg

SiriusPoint’s share price fell over 4% on Thursday morning, after major shareholder CMIG International Holding (CMIH) was taken into private receivership by its lenders in Singapore.

CMIH is the parent company of CM Bermuda, a 33% shareholder of SiriusPoint, with 9.9% voting rights.

At 12:00 ET, the company’s share price had dropped to $10.72,

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