SiriusPoint Ltd., a global specialty insurer and reinsurer, has appointed Will Nihan as Chief Executive Officer (CEO) of International Medical Group (IMG), its wholly owned subsidiary and a global insurance benefits and assistance services.The appointment is effective as of November 3rd, 2025. In his new role, Nihan replaces Adam Hirschfeld, who assumed the role of Interim CEO alongside his General Counsel responsibilities in March 2025.Hirschfeld will remain on IMG’s executive team and will work closely wi ...

Core Insights - SiriusPoint Ltd. has appointed Will Nihan as the new CEO of its subsidiary International Medical Group (IMG), effective November 3, 2025, indicating a strategic move to enhance leadership in global insurance benefits and assistance services [1][2]. Group 1: Leadership Transition - Will Nihan joins IMG from Travelex Insurance Services, where he served as President and CEO, focusing on top-line growth and profitability [2]. - Nihan replaces Adam Hirschfeld, who has been serving as Interim CEO since March 2025 and will continue to support IMG's growth alongside Nihan [3]. - Scott Egan, CEO of SiriusPoint, expressed confidence in Nihan's leadership capabilities and acknowledged Hirschfeld's contributions over the past seven months [4]. Group 2: Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with a total capital of approximately $2.8 billion [5]. - The company is listed on the New York Stock Exchange (SPNT) and has a strong financial strength rating of A- from AM Best, S&P, and Fitch, and A3 from Moody's [5].

Core Viewpoint - SiriusPoint Ltd. is set to release its third quarter 2025 financial results on October 30, 2025, followed by a conference call on October 31, 2025, to discuss these results [1]. Financial Results Announcement - The financial results will be announced after market close on October 30, 2025 [1]. - A conference call will take place at 8:30 am (Eastern Time) on October 31, 2025, to discuss the financial results [1]. Accessing the Conference Call - The live conference call can be accessed via the Investor Relations section of the Company's website [2]. - For those unable to attend live, an online replay will be available immediately after the call [2]. - The conference call can be accessed by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international) [3]. - A replay of the call will be available until November 14, 2025, with specific dial-in numbers provided for access [3]. Company Overview - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with offices in major cities including New York, London, and Stockholm [4]. - The company has approximately $2.8 billion in total capital and holds a financial strength rating of A- (Excellent) from AM Best, S&P, and Fitch, and A3 from Moody's [4]. - SiriusPoint offers Property & Casualty and Accident & Health insurance and reinsurance globally, supported by strategic partnerships with Managing General Agents and Program Administrators [4].

SiriusPoint (SPNT) announced its agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to Lee Equity Partners for total consideration of $139M, inclusive of a pre-close dividend. SiriusPoint has also renewed and extended its capacity agreement with Arcadian until the end of 2031. Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $25M-30M, in addition to the previously recognized $96M gain in the second quarter of 2024. Arcadian produced $17.6M of EB ...

HAMILTON, Bermuda, Oct. 06, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced its agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital (“Arcadian”) to Lee Equity Partners for total consideration of $139 million, inclusive of a pre-close dividend. SiriusPoint has also renewed and extended its capacity agreement with Arcadian until the end of 2031. Upon completion of the sale, SiriusPoint wil ...

Core Viewpoint - S&P Global Ratings has upgraded its outlook on SiriusPoint Ltd. and its operating subsidiaries from Stable to Positive, reflecting the company's strong performance and reduced risk profile [1][3]. Financial Performance - SiriusPoint reported a rise in core underwriting income to $67.6 million for the second quarter, with projected underwriting income for 2024 reaching $200 million [3]. - The company has achieved consistent underwriting profits over the past two and a half years, contributing to the positive outlook [3]. Risk Management - The Positive outlook is attributed to a significant reduction in SiriusPoint's exposure to natural catastrophe and investment risks, with effective management of catastrophe exposure [4]. - The company has controlled losses to shareholders' equity while delivering strong underwriting results [4]. Ratings Agency Insights - Fitch Ratings and AM Best have also revised SiriusPoint's outlook to Positive from Stable, citing solid underwriting performance and strategic repositioning of its re/insurance portfolio [4][5]. - AM Best noted improvements in the balance sheet due to investment portfolio derisking and reduced catastrophe exposures [5]. Leadership Commentary - The CEO of SiriusPoint emphasized the importance of reducing risk and volatility, focusing on underwriting excellence, and maintaining a disciplined investment approach as key strategies that are yielding positive results [6].

Core Viewpoint - S&P Global Ratings has upgraded the outlook on SiriusPoint Ltd. to Positive from Stable, highlighting the company's strong underwriting profits and reduced risk profile over the past two and a half years [1][2]. Group 1: Ratings and Outlook - S&P has affirmed SiriusPoint's 'A-' issuer credit and financial strength ratings on all core operating subsidiaries, along with a 'BBB' long-term issuer credit rating [1]. - Fitch Ratings and AM Best have also revised SiriusPoint's outlook to Positive from Stable earlier this year, citing similar reasons related to underwriting performance and portfolio repositioning [3]. Group 2: Risk Management and Performance - The Positive outlook is attributed to a significant reduction in SiriusPoint's exposure to natural catastrophe risk and investment risk, with effective management of catastrophe exposure and shareholder equity losses [2]. - SiriusPoint has reported "robust" underwriting results, indicating strong operational performance [2]. Group 3: Company Strategy and Leadership - The CEO of SiriusPoint expressed pride in the recognition from rating agencies, emphasizing the company's focus on reducing risk and volatility, underwriting excellence, and a disciplined investment approach [4]. - SiriusPoint operates as a global underwriter of insurance and reinsurance, with a total capital of approximately $2.8 billion and a strong financial strength rating from multiple agencies [4].

Core Viewpoint - S&P Global Ratings has upgraded the outlook on SiriusPoint Ltd. to Positive from Stable, highlighting the company's strong underwriting profits and reduced risk profile over the past two and a half years [1][2]. Group 1: Ratings and Outlook - S&P has affirmed SiriusPoint's 'A-' issuer credit and financial strength ratings on all core operating subsidiaries, along with a 'BBB' long-term issuer credit rating [1]. - Fitch Ratings and AM Best have also revised SiriusPoint's outlook to Positive from Stable earlier this year, citing similar reasons related to underwriting performance and portfolio repositioning [3]. Group 2: Risk Management and Performance - The Positive outlook is attributed to a significant reduction in SiriusPoint's exposure to natural catastrophe risk and investment risk, with effective management of catastrophe exposure and shareholder equity losses [2]. - SiriusPoint has reported "robust" underwriting results, indicating strong operational performance [2]. Group 3: Company Strategy and Leadership - The CEO of SiriusPoint expressed pride in the recognition from rating agencies, emphasizing the company's focus on reducing risk and volatility, underwriting excellence, and a disciplined investment approach [4]. - SiriusPoint operates as a global underwriter of insurance and reinsurance, with a total capital of approximately $2.8 billion and a strong financial strength rating from multiple agencies [4].

Group 1 - Ambac Financial Group (NYSE:AMBC) has agreed to acquire Armada Care, a supplemental health insurance program manager, for $250 million [2] - This acquisition follows Ambac's completion of the sale of its legacy financial guarantee business [2]

Core Insights - SiriusPoint Ltd. has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group Inc. for $250 million, while maintaining a capacity partnership with Armada until the end of 2030 [1][3] Financial Summary - Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $220-230 million, with the transaction valuing Armada at approximately 14 times EBITDA [2] - Pro-forma tangible book value is expected to increase by approximately 10% upon the close of the transaction [2] Strategic Perspective - The CEO of SiriusPoint emphasized that the sale is a significant step in unlocking the off-balance sheet value of Armada, while expressing optimism about the ongoing partnership through a long-term capacity agreement [3] - SiriusPoint reaffirms its target return on equity of 12% to 15% across the cycle, indicating confidence in future growth opportunities within the Accident & Health segment [4] Transaction Details - The transaction is expected to close in the fourth quarter, pending customary closing conditions and regulatory approvals [4] - Jefferies LLC acted as the exclusive financial advisor, while Paul Hastings LLP served as the legal advisor for the sale of Armada [5] Company Background - SiriusPoint is a global underwriter of insurance and reinsurance, headquartered in Bermuda, with a total capital of approximately $2.8 billion and a financial strength rating of A- from AM Best, S&P, and Fitch [6] - ArmadaCare is recognized for delivering innovative health insurance solutions that enhance ordinary health benefits, focusing on filling coverage gaps and providing valuable support services [7]