SiriusPoint Sells MGA, Arcadian Risk Capital, for $139M, Forms Long-Term Capacity Deal

Core Viewpoint - SiriusPoint Ltd. has agreed to sell its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139 million, while extending its capacity agreement with Arcadian until the end of 2031 [1][3]. Financial Summary - The sale will result in a pre-tax gain of $25 million to $30 million for SiriusPoint, in addition to a previously recognized gain of $96 million in Q2 2024 [2]. - Arcadian generated $17.6 million in EBITDA [2]. Strategic Developments - SiriusPoint is committed to its partnership with Arcadian, as indicated by the extension of the capacity agreement, and expresses confidence in the leadership of John Boylan [3]. - The transaction is expected to close before the end of Q1 2026, pending regulatory approvals and customary closing conditions [3]. Advisory Information - Jefferies LLC acted as the exclusive financial adviser for SiriusPoint, while Skadden, Arps, Slate, Meagher & Flom LLP served as the legal adviser [4].