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SiriusPoint launches with over $3bn, adds Montross & Ludlow to directors

SiriusPoint Ltd. has launched as a new international specialty insurance and reinsurance company today, starting with over $3 billion of capital. SiriusPoint has been formed through the merger of Third Point Re and Sirius Group, expanding the remit of both firms and significantly increasing their footprints through the combination. “I am delighted read the full article →

SiriusPoint execs announced, key roles for Malloy, Govrin & Cramér Manhem

More of the executive leadership of SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, has now been revealed by the company. Key roles at the global reinsurance firm have gone to a number of existing read the full article →

SiriusPoint planning a “sidecar-like” retrocession program

SiriusPoint, the new international insurance and reinsurance firm that will be launched out of the coming together of Third Point Re and Sirius Group, is planning for its retrocession program to be "sidecar-like", the company said. SiriusPoint came about after Bermuda headquartered, once total return focused reinsurer Third Point Re and read the full article →

Ariel Re’s private equity buyout from Argo completes

The previously announced acquisition of Ariel Re by private equity investors from its owner Argo Group has now been completed, putting the reinsurance company back on a private footing as a pure-play reinsurance underwriter and manager of third-party capital. Ariel Re will continue to have a focus on both traditional and read the full article →

Ariel Re to be acquired from Argo by private equity. Mather to return as CEO

Ariel Re, a reinsurance unit of Argo Group, is to be acquired by private equity investors and former CEO Ryan Mather will return to run the company, with a focus on leveraging traditional and alternative capital, as well as a property catastrophe leaning. The acquisition is being sealed in a deal read the full article →

ILS an option to consider for SiriusPoint: CEO Sankaran

SiriusPoint, the new Class of 2020 international insurance and reinsurance firm being launched out of the coming together of Third Point Re and Sirius Group, sees ILS as “an option to consider” in terms of its capital use, CEO Sid Sankaran told us in an interview. Speaking with Artemis and our read the full article →

SiriusPoint to form as Third Point Re and Sirius Group agree to combine

Global insurance and reinsurance group SiriusPoint will be formed after Third Point Re and Sirius Group reached agreement to combine in a cash and stock transaction. The transaction is valued at $788 million and is set to create a new global company with approximately $3.3 billion of tangible capital and around read the full article →

Covéa to allocate €750m to PartnerRe reinsurance investment vehicles

French insurance group Covéa and EXOR, the Agnelli family owned holding company investor, have struck an agreement to cooperate on reinsurance-linked investments going forward, finding a way to settle with each other over the failed PartnerRe sale. Covéa is set to inject €750 million of capital into special purpose reinsurance vehicles read the full article →

PartnerRe sale to Covéa called off, as Covid-19 renegotiations fail

The sale of global reinsurance company PartnerRe to French insurance group Covéa has been called off, after attempted renegotiations over the price with seller EXOR in the wake of the Covid-19 pandemic failed to find an agreement. Covéa was set to acquire reinsurance firm PartnerRe from owner EXOR, the Italian holding read the full article →

PartnerRe sale to Covéa agreed at $9bn by Exor

An agreement on the sale of PartnerRe has been reached between EXOR, the Agnelli family owned holding company investor, and French insurance group Covéa. Covea will acquire reinsurance firm PartnerRe for $9 billion, delivering a healthy return on the investment made by Exor, the Italian holding company and investment entity of read the full article →