Merger between Sirius International Insurance Group and Third Point Re

Sirius International Insurance Group and Bermuda-based reinsurer Third Point Reinsurance (TPRE) have recently completed their merger.

The merger established on 26 February 2021 launched a new insurance and reinsurance company called SiriusPoint.

Based in Bermuda and listed on the New York Stock Exchange, the new entity’s initial capital exceeds 3 billion USD.

AM Best, S&P and Fitch Ratings have assigned an A- (Excellent) financial strength rating to SiriusPoint and its operating subsidiaries.

The company is licensed to operate in Bermuda, the United States, Sweden, the United Kingdom, Belgium, Switzerland, Canada and Singapore.

Sid Sankaran, TPRE's Chairman of the Board of Directors, has been appointed CEO of the company.