{"id":747181,"date":"2023-04-12T16:26:33","date_gmt":"2023-04-12T20:26:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/siriuspoint-acknowledges-indication-of-interest-from-third-point\/"},"modified":"2023-04-12T16:26:33","modified_gmt":"2023-04-12T20:26:33","slug":"siriuspoint-acknowledges-indication-of-interest-from-third-point","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/siriuspoint-acknowledges-indication-of-interest-from-third-point\/","title":{"rendered":"SiriusPoint Acknowledges Indication of Interest from Third Point"},"content":{"rendered":"
\n

HAMILTON, Bermuda, April 12, 2023 (GLOBE NEWSWIRE) — Today SiriusPoint Ltd. (\u201cSiriusPoint\u201d or the \u201cCompany\u201d) (NYSE: SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates (\u201cThird Point\u201d), disclosed in a Schedule 13D\/A filing earlier today, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.\u00a0\u00a0 \u00a0 \u00a0<\/p>\n

Consistent with its fiduciary duties, in consultation with its financial and legal advisors, the SiriusPoint Board of Directors will carefully evaluate any proposal to acquire the Company, if and when a proposal is received.<\/p>\n

The Company always welcomes dialogue with its investors and shares the common goal of maximizing value for all the Company\u2019s shareholders. The Company has made significant progress during the last seven months against its strategic priorities of reducing volatility, business simplification, and improving profitability. The Company has a healthy balance sheet and its capital position has been further strengthened by the recently announced Loss Portfolio Transfer transaction, which is subject to regulatory approval, while ratings agency Fitch recently upgraded SirusPoint\u2019s Outlook to Stable from Negative.<\/p>\n

Shareholders are not required to take any action at this time.<\/p>\n

\n About SiriusPoint<\/strong>
\n
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents within our Insurance & Services segment. With $2.9 billion total capital, SiriusPoint\u2019s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com.<\/p>\n

\n Contacts<\/strong>\n <\/p>\n

\n Investor Relations<\/strong>
\n
Dhruv Gahlaut, Chief Strategy Officer & Head of Investor Relations
dhruv.gahlaut@siriuspt.com
+44 7514 659 918<\/p>\n

\n Media<\/strong>
\n
Clare Kerrigan, Chief Communications Officer
clare.kerrigan@siriuspt.com
+44 7720 163 949<\/p>\n

\n Source: SiriusPoint Ltd.<\/strong>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

HAMILTON, Bermuda, April 12, 2023 (GLOBE NEWSWIRE) — Today SiriusPoint Ltd. (\u201cSiriusPoint\u201d or the \u201cCompany\u201d) (NYSE: SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates (\u201cThird Point\u201d), disclosed in a Schedule 13D\/A filing earlier today, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.\u00a0\u00a0 \u00a0 \u00a0 Consistent with its fiduciary duties, in consultation with its financial and legal advisors, the SiriusPoint Board of Directors will carefully evaluate any proposal to acquire the Company, if and when a proposal is received. The Company always welcomes dialogue with its investors and shares the common goal of maximizing value for all the Company\u2019s shareholders. The Company has … <\/p>\n

Continue reading “SiriusPoint Acknowledges Indication of Interest from Third Point”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-747181","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSiriusPoint Acknowledges Indication of Interest from Third Point - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/siriuspoint-acknowledges-indication-of-interest-from-third-point\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SiriusPoint Acknowledges Indication of Interest from Third Point - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HAMILTON, Bermuda, April 12, 2023 (GLOBE NEWSWIRE) — Today SiriusPoint Ltd. (\u201cSiriusPoint\u201d or the \u201cCompany\u201d) (NYSE: SPNT) has acknowledged an indication of interest from Third Point LLC and certain of its affiliates (\u201cThird Point\u201d), disclosed in a Schedule 13D\/A filing earlier today, to explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.\u00a0\u00a0 \u00a0 \u00a0 Consistent with its fiduciary duties, in consultation with its financial and legal advisors, the SiriusPoint Board of Directors will carefully evaluate any proposal to acquire the Company, if and when a proposal is received. The Company always welcomes dialogue with its investors and shares the common goal of maximizing value for all the Company\u2019s shareholders. 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