SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to several leadership shake-ups.
Executive Summary
SiriusPoint, the Bermuda-based insurer and reinsurance company, is emerging from a period of underwriting and investment volatility. CEO Scott Egan acknowledges that the company's performance hasn't been good enough and is driving a strategy to put it on the right flight path.The merger—Third Point Re merged with Sirius International Insurance Group in February 2021.
Then in April of this year, hedge fund manager and major SiriusPoint shareholder Daniel Loeb announced he was looking to take the company private, which Loeb said could put SiriusPoint in a better position for a turnaround.
