Reported 1 day ago
SiriusPoint has agreed to sell its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139 million, which includes a pre-close dividend. This transaction is set to yield a pre-tax gain of $25-30 million for SiriusPoint and is expected to close by the end of Q1 2026, pending regulatory approvals. In addition, SiriusPoint has extended its capacity agreement with Arcadian until 2031.
Source: YAHOO