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SiriusPoint(SPNT) - 2021 Q2 - Quarterly Report
2021-08-05 20:31
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q ☒ For the quarterly period ended June 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36052 SIRIUSPOINT LTD. (Exact name of registrant as specified in its charter) Bermuda 98-1599372 (State or other j ...
SiriusPoint(SPNT) - 2021 Q1 - Earnings Call Transcript
2021-05-14 21:52
SiriusPoint Ltd. (NYSE:SPNT) Q1 2021 Earnings Conference Call May 11, 2021 8:30 AM ET Company Participants Clare Kerrigan - Corporate Communications and Investor Relations Sid Sankaran - Chief Executive Officer and Chairman David Junius - Chief Financial Officer Operator Good morning, ladies and gentlemen, and welcome to the SiriusPoint Limited First Quarter 2021 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over t ...
SiriusPoint(SPNT) - 2021 Q1 - Quarterly Report
2021-05-10 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________ FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-36052 SIRIUSPOINT LTD. (Exact name of registrant as specified in its charter) Bermuda 98-1039994 (State or other ju ...
SiriusPoint(SPNT) - 2020 Q4 - Earnings Call Transcript
2021-02-24 14:37
Third Point Reinsurance Ltd. (TPRE) Q4 2020 Earnings Conference Call February 24, 2021 8:30 AM ET Company Participants Christopher Coleman - CFO Dan Malloy - CEO David Junius - COO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to the Third Point Reinsurance Ltd. Fourth Quarter 2020 Earnings Conference Call. During today's presentation, all parties will be in a listen-only mode. As a reminder this conference call is being recorded. I would now like to turn the call ove ...
SiriusPoint(SPNT) - 2020 Q4 - Annual Report
2021-02-23 21:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number 001-35039 THIRD POINT REINSURANCE LTD. (Exact name of registrant as specified in its charter) Bermuda 98-1039994 (State or other jurisdiction of inc ...
SiriusPoint(SPNT) - 2020 Q3 - Earnings Call Transcript
2020-11-09 03:40
Third Point Reinsurance Ltd. (TPRE) Q3 2020 Earnings Conference Call November 6, 2020 8:30 AM ET Company Participants Daniel Malloy - Chief Executive Officer Christopher Coleman - Chief Financial Officer Operator Greetings, and welcome to the Third Point Reinsurance Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference is being recorded. It ...
Third Point Reinsurance Ltd. (TPRE) Third Point Re and Sirius Group's Merger Announcement Call (Transcript)
2020-08-07 16:30
Summary of Third Point Reinsurance Ltd. and Sirius Group Merger Announcement Call Company and Industry - **Companies Involved**: Third Point Reinsurance Ltd. (TPRE) and Sirius Group - **New Entity**: The merger will create a new company named SiriusPoint Core Points and Arguments - **Strategic Merger**: The merger is positioned as a transformative opportunity to create a top-tier global reinsurer, capitalizing on current market conditions and enhancing value for stakeholders [8][10] - **Underwriting Focus**: The combined entity will emphasize underwriting profitability and expand into more profitable lines of business, moving away from the previous model that focused on low volatility reinsurance [9][10] - **Market Positioning**: The merger is expected to clear market overhangs for both companies, allowing Third Point Re to transition from its hedge fund roots and addressing concerns related to Sirius Group's major shareholder [10][11] - **Leadership Transition**: Sid Sankaran will serve as Chairman and CEO of SiriusPoint, bringing extensive industry experience from AIG and Oscar Health [12][15] - **Underwriting Talent**: The merger will combine experienced underwriting teams from both companies, enhancing the overall capabilities of SiriusPoint [12][14] Financial Aspects - **Transaction Value**: The total deal consideration is estimated at $788 million, representing approximately 80% of Sirius Group's tangible book value [31] - **Shareholder Options**: Sirius shareholders will have three options for their shares, including cash, stock, or a combination with contingent value rights [31][32] - **Accretive Transaction**: The merger is expected to be accretive to earnings per share (EPS) and return on equity (ROE) in the first year post-close, with a strong pro forma balance sheet [19][20] - **Capital Structure**: The combined company will have less than 30% leverage at close, with plans to optimize capital structure over time [20][33] Performance Metrics - **Second Quarter Results**: Third Point Re reported a net income of $124 million for Q2 2020, with a return on equity of 10.1% and a combined ratio of 98.3%, indicating underwriting profitability despite COVID-19 impacts [34][35] - **Investment Strategy**: The company anticipates benefits from a differentiated investment strategy, especially in a low-interest-rate environment [36] Additional Insights - **Global Platform**: SiriusPoint will have a global platform with access to various markets, enhancing its reinsurance offerings [17][18] - **Client Relationships**: The merger aims to strengthen long-standing relationships with clients and brokers, which are crucial for future growth [22][29] - **Technological Modernization**: There is a commitment to modernizing infrastructure and IT to improve expense ratios and overall efficiency [23] This summary encapsulates the key points from the merger announcement call, highlighting the strategic rationale, financial implications, and operational focus of the newly formed SiriusPoint.
SiriusPoint(SPNT) - 2020 Q1 - Earnings Call Transcript
2020-05-08 20:19
Third Point Reinsurance Ltd. (TPRE) Q1 2020 Results Earnings Conference Call May 8, 2020 8:30 AM ET Company Participants Daniel Malloy - CEO Christopher Coleman - CFO Daniel Loeb - CEO, Third Point LLC Conference Call Participants Operator Greetings, and welcome to the Third Point Reinsurance First Quarter 2020 Earnings Conference. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder this conference ...
SiriusPoint(SPNT) - 2019 Q4 - Earnings Call Transcript
2020-02-28 15:13
Start Time: 08:30 January 1, 0000 8:50 AM ET Third Point Reinsurance Ltd. (TPRE) Q4 2019 Earnings Conference Call February 28, 2020, 08:30 AM ET Company Participants Dan Malloy - CEO Chris Coleman - CFO Daniel Loeb - CEO, Third Point LLC Conference Call Participants Operator Greetings, and welcome to the Third Point Reinsurance Fourth Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator I ...
SiriusPoint(SPNT) - 2019 Q2 - Earnings Call Transcript
2019-08-09 18:23
Third Point Reinsurance Ltd. (TPRE) Q2 2019 Earnings Conference Call August 8, 2019 8:30 AM ET Company Participants Chris Coleman - Chief Financial Officer Dan Malloy - Chief Executive Officer Daniel Loeb - Chief Executive Officer, Third Point LLC Conference Call Participants Sean Reitenbach - KBW Operator Thank you for standing by. This is the conference operator. Welcome to the Third Point Reinsurance Second Quarter 2019 Earnings Conference Call. [Operator Instructions] I would now like to turn the confer ...