SiriusPoint Ltd. (SPNT)
SiriusPoint Ltd. is a global specialty insurer and reinsurer providing a range of innovative insurance solutions across various sectors, including property, casualty, professional liability, and specialty lines. Established through the combination of leading insurance entities, SiriusPoint focuses on underwriting expertise and data-driven risk management to serve clients worldwide.
Company News
SiriusPoint agreed to sell its 49% equity stake in Arcadian Risk Capital to Lee Equity Partners for $139 million, while renewing its capacity agreement with Arcadian until 2031. The transaction is expected to close by Q1 2026 and will generate a pre-tax gain of $25-30 million.
Ambac Financial Group announced its acquisition of ArmadaCare, a supplemental health insurance program manager, for $250 million. The strategic move aims to diversify Ambac's distribution business and strengthen its specialty insurance platform.
Surgical Care Affiliates, Inc. (SPNT) has reached a new 52-week high of $13.82, reflecting a 46.39% increase in its stock value over the past year. The company's strong market position and consistent returns to shareholders have contributed to this milestone.
SiriusPoint Ltd.' stock slid 9.4%, after Dan Loeb's hedge fund Third Point Management said it's no longer exploring an acquisition of the company.
Don’t gamble away your financial future with the “promises” that highly speculative investments offer. Mr.