SiriusPoint Sells MGA, Arcadian Risk Capital, for $139M, Forms Long-Term Capacity Deal
Insurance Journal·2025-10-06 15:13
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced an agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to private equity firm Lee Equity Partners for a 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 will recognize a pre-tax gain of $25 million-$30 million, in addition to the pr ...