Sirius International News

Sirius Restructures Management of Global Business Technology Team

Sirius International Insurance Group Ltd. announced that it has enhanced its Global Business Technology (GBT) team through the restructuring of its global management structure. This expansion will enable the firm to advance innovative solutions for its customers, improve operational efficiencies …

Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M

Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash and stock transaction worth $788 million. …

Fitch Revises Rating Watch on Sirius to ‘Evolving’ on Uncertainties over Planned Sale

Fitch Ratings has revised the rating watch to evolving from negative on all ratings for Sirius International Group, Ltd. and its operating subsidiaries, including its ‘A-‘ (Strong) Insurer Financial Strength (IFS) rating, its ‘BBB’ Long-Term Issuer Default rating (IDR), and …

Sirius International Launches Formal Process to Find a Buyer

Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a strategic review. The company said it has approved the launch of a sales process, after reviewing multiple expressions of interest …

Sirius Int’l Is Insulated from Liquidity Issues at Chinese Parent Firm CMIG: S&P

Reported liquidity issues at China Minsheng Investment Group (CMIG), the ultimate owner of Sirius International Group, will not affect Sirius Group’s creditworthiness, said a bulletin issued by S&P Global Ratings. S&P said its rating for Sirius Group continues to be …

New AIR Reinsurance Cat Modeling Software Estimates Insurer Loss Potential

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …

AIR Releases New Reinsurance Catastrophe Modeling Software, Touchstone Re

Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Reβ„’, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …