Siriuspoint Ltd - SPNT STOCK NEWS

SiriusPoint Ltd. (SPNT) reported strong first quarter results for 2021, with a net income of $130.9 million or $1.05 per diluted share. The company achieved a combined ratio of 96.6% and a remarkable annualized return on average common equity of 26.4%. Notably, net investment income soared to $186.5 million, significantly improving from a loss of $185 million in the same quarter last year. The tangible diluted book value per share stood at $13.97, despite a 16.4% decrease from the end of 2020, primarily due to dilution from the Sirius Group acquisition.

SiriusPoint Ltd. (NYSE: SPNT) has appointed Darryl Siry as Chief Technology Officer, effective immediately. Siry will lead the global technology function, focusing on developing a modern operating platform and launching an insurtech incubator for new digital products. Prashanth Gangu, COO, expressed confidence in Siry's expertise to drive tech-enabled innovation. Previously with ProSight Specialty Insurance Group, Siry brings a wealth of experience in digital transformation. SiriusPoint aims to strengthen its tech foundation to enhance its position in the insurance industry.

SiriusPoint Ltd. (NYSE: SPNT) announced that Larry Hallett has joined as Senior Vice President of Casualty Underwriting. He brings 40 years of experience in the reinsurance market, focusing on casualty underwriting and strategic initiatives. Hallett will work under Warren Trace in New York. His previous roles include overseeing North American operations at RFIB Americas and consulting at 2 Wings Risk Services. David Govrin, Global Chief Underwriting Officer, expressed strong confidence in Hallett's expertise to enhance SiriusPoint's client offerings and market position.

SiriusPoint Ltd. (NYSE: SPNT) has announced a partnership with Hestia Capital, a Texas-based advisory startup. This marks SiriusPoint's first partnership since its launch in February 2021. The collaboration focuses on developing structured specialty insurance transactions in underserved markets. SiriusPoint has invested in Hestia and will provide (re)insurance capacity. Dan Malloy, SiriusPoint’s President of Global Distribution, emphasized the partnership's potential to access alternative markets and create risk management solutions. Hestia plans to expand operations in Europe.

SiriusPoint Ltd. (NYSE: SPNT) announced its upcoming release of first quarter 2021 financial results on May 10, 2021, after market close. A conference call to discuss these results is scheduled for 8:30 am ET on May 11, 2021. Investors can join by phone or via a webcast on the company's website. SiriusPoint is a major global insurer and reinsurer, operating in nearly 150 countries with over $3 billion in total capital and A- financial strength ratings from AM Best, S&P, and Fitch.

SiriusPoint Ltd. (SPNT) has announced its role as the lead sponsor of Earth Hour 2021 in Bermuda, organized by Greenrock. This initiative aims to inspire environmental action globally, engaging over 180 countries. Greenrock will utilize the sponsorship for sustainability projects and the countdown to Earth Hour on March 27 at 6:30 PM AST. Mark Nash, SVP at SiriusPoint, emphasized their commitment to reducing fossil fuel dependency. The event includes a live broadcast focusing on various environmental topics, encouraging the community to reduce their carbon footprint.

SiriusPoint Ltd., an international specialty insurance and reinsurance company, celebrated its listing on the NYSE under the ticker symbol SPNT by ringing The Opening Bell® on March 16, 2021. The company launched trading on February 26, 2021, with over $3 billion in capital and a diversified portfolio. Formed from the merger of Third Point Reinsurance and Sirius International Insurance Group, SiriusPoint aims to lead innovation in the post-pandemic insurance landscape.

SiriusPoint Ltd. (NYSE: SPNT) officially launched with over $3 billion in capital following its merger between Third Point Re and Sirius International Insurance Group. The Bermuda-based company has received an A- (Excellent) financial strength rating from major agencies and is licensed to operate in various countries including the U.S. and the U.K. SiriusPoint aims to redefine the insurance space through innovative partnerships, leveraging its global presence and skilled underwriting. The board has new members with significant industry experience, enhancing leadership capabilities.