SiriusPoint Ltd. Contingent Value Rights to trade on the OTCQX
June 16 2021 - 7:00AM
SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT;
OTCQX: SSPCF) today announced that the company’s CVRs (Contingent
Value Rights) have qualified to trade on the OTCQX® Best Market.
The newly trading CVRs were issued to investors of Sirius
International Insurance Group upon the merger of the company with
Third Point Reinsurance Ltd. who elected to receive the Share &
CVR consideration in advance of the merger, and to
any “Non-Electing Holder”, who did not make a timely
election for all of his or her shares, and who was therefore
entitled to receive the Share & CVR Consideration
with respect to those shares. They began trading on OTCQX on
June 10, under the symbol “SSPCF.” U.S. investors can find current
financial disclosure and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
For further information please contact SiriusPoint investor
relations at investor.relations@siriuspt.com, or by phone
at +1 (441) 542-3333.
About SiriusPoint
SiriusPoint Ltd. (SiriusPoint) is a top 20 global insurer and
reinsurer providing solutions to clients and brokers in almost 150
countries. Bermuda-headquartered with offices around the world, we
are listed on the New York Stock Exchange (SPNT) and the company’s
CVRs trade on the OTCQX Best Market (SSPCF). We write a global
portfolio of Accident and Health, Specialty, Property and
Runoff, combining data and creative thinking to underwrite risks
with skill and discipline. With over $3 billion total capital,
SiriusPoint’s 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
ContactClare Kerrigan, Investor
Relationsclare.kerrigan@siriuspt.com+1 (441) 542-3333
Forward-Looking Statements
We make statements in this report that are forward-looking
statements within the meaning of the federal securities laws,
including the Private Securities Litigation Reform Act of 1995. The
forward-looking statements are based on the current expectations of
the management of SiriusPoint and speak only as of the date of this
document and are subject to significant risks and uncertainties
outside of our control. You can identify forward-looking statements
by the use of forward-looking terminology such as “plan,”
“believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,”
“forecast,” “project,” “target,” “continue,” “could,” “may,”
“might,” “will,” “possible,” “potential,” “predict,” “should,”
“would,” “seeks,” “likely,” and other similar words and
expressions, but the absence of these words does not mean that a
statement is not forward-looking. Among the risks and uncertainties
that could cause actual results to differ from those described in
the forward-looking statements are the following: fluctuation in
the results of operations; pandemic or other catastrophic event,
such as the ongoing COVID-19 outbreak; the costs, expense and
difficulties of the integration of the operations of Third Point
Reinsurance Ltd. and Sirius International Insurance Group, Ltd.;
loss and loss adjustment expense reserves may be inadequate to
cover SiriusPoint’s ultimate liability for losses and as a result
its financial results could be adversely affected; SiriusPoint’s
investment portfolio may suffer reduced returns or losses; adverse
changes in interest rates, foreign currency exchange rates, equity
markets, debt markets or market volatility could result in
significant losses to SiriusPoint’s investment portfolio; legal
restrictions on certain of SiriusPoint’s insurance and reinsurance
subsidiaries’ ability to pay dividends and other distributions to
SiriusPoint; SiriusPoint has significant deferred tax assets, which
may become devalued if either SiriusPoint does not generate
sufficient future taxable income or applicable corporate tax rates
are reduced; lack of availability of capital; future strategic
transactions such as acquisitions, dispositions, mergers or joint
venture; technology breaches; SiriusPoint’s lack of control over
the TP Fund and the allocation and performance of TP Fund’s
investment portfolio; SiriusPoint’s dependence on Third Point LLC
to implement TP Fund’s investment strategy; and Arcadian Risk
Capital Ltd.’s ability to, and success at, writing the business
indicated, its expansion plans and the Company’s ability to place
quota share reinsurance on the portfolio. Discussions of additional
risks and uncertainties are contained in SiriusPoint’s filings with
the Securities and Exchange Commission (the “SEC”), including risks
identified in SiriusPoint’s (f/k/a Third Point Reinsurance Ltd.)
Annual Report on Form 10-K for the year ended December 31, 2020,
and other filings with the SEC. Should one or more of these risks
or uncertainties materialize, or should any of the assumptions made
by the management of SiriusPoint prove incorrect, actual results
may vary in material respects from those projected in these
forward-looking statements. Except as required by applicable law or
regulation, we disclaim any obligation to publicly update or revise
any forward-looking statement to reflect changes in underlying
assumptions or factors, or new information, data or methods, future
events or other circumstances after the date of this report.
Source: SiriusPoint Ltd.
SiriusPoint (NYSE:SPNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
SiriusPoint (NYSE:SPNT)
Historical Stock Chart
From Apr 2023 to Apr 2024