SiriusPoint, a newly formed specialty insurance and reinsurance company, has launched its operations with more than $3bn in initial capital.

The company was formed following the merger of Third Point Reinsurance and Sirius International Insurance Group in a $788m cash-and-stock transaction last year.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The Bermuda-based company’s operating entities are licenced to operate in the home market as well as in the US, Sweden, the UK, Belgium, Switzerland, Canada and Singapore.

Its insurance lines will include environmental, property, energy, workers’ compensation, and aviation and space. The reinsurance lines are life, accident and health, property, marine and energy, casualty, aviation and space, as well as credit and bond.

A new division was also established to seek strategic investment and partnership opportunities.

SiriusPoint chairman and CEO Sid Sankaran said: “This is a strategic union of two highly complementary organisations. SiriusPoint is an opportunity to leverage our combined strengths and re-focus our organisation on profitability, innovative partnerships, and solutions. Our breadth of footprint combined with the ability to be nimble and responsive will be truly differentiating.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise.”

The company also appointed two new members to its board of directors.