SiriusPoint
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Last week, SiriusPoint and Compre signed an LPT deal covering $1.3bn of reserves. -
The deal is the latest incidence of bumper transaction size in the legacy space.
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The executive didn’t provide a target for the number of investments it expects to keep, but said SiriusPoint will not be an active acquirer in the near term.
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The company posted its first net investment gain in a year, driven by $45.5mn of gains in its bonds portfolio and $26.4mn from short-term investments.
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Maddi Morris will be responsible for overseeing the growth and refinement of the insurer’s marine and energy liability account.
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Former CEO Monica Cramér Manhem is to retire after 38 years with the business and its predecessor.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The transaction would have involved a partnership with Mosaic and a managing agent sale.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The impact of Ian losses on SiriusPoint’s total equity was ~3.5%, lower than RenRe and Everest, and in line with Axis.
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SiriusPoint International CEO Monica Cramér Manhem has decided to retire from the business.
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The executive will report directly to SiriusPoint CEO Scott Egan, who joined SiriusPoint from RSA in early September.
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