Core Viewpoint - SiriusPoint Ltd. has agreed to sell its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139 million, while renewing its capacity agreement with Arcadian until the end of 2031 [1][2]. Company Overview - SiriusPoint is a global specialty insurer and reinsurer, 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 [5]. - Arcadian Risk Capital, established in 2020, focuses on underwriting-led solutions for complex risks and is led by industry executive John Boylan [4][6]. Financial Implications - Upon completion of the sale, SiriusPoint will recognize a pre-tax gain of $25-30 million, in addition to a previously recognized gain of $96 million in Q2 2024 [2]. - Arcadian produced $17.6 million in EBITDA [2]. Strategic Partnerships - The deal reflects SiriusPoint's ongoing partnership with Arcadian, emphasizing support for the business's future under new leadership [2]. - Lee Equity Partners is a middle-market private equity firm that focuses on financial and healthcare services sectors, indicating a strategic alignment with SiriusPoint's interests [7].