SiriusPoint to Ring New York Stock Exchange Opening Bell On March 16
March 16 2021 - 7:00AM
Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint
Ltd. (“SiriusPoint” or the “Company”), an international specialty
insurance and reinsurance company, will ring The Opening
Bell® of the New York Stock Exchange at 9.30am ET on Tuesday
March 16, 2021. The event celebrates the formation of the Company
and its listing under the NYSE ticker symbol SPNT.
SiriusPoint launched and began trading on the
New York Stock Exchange on Friday, February 26, 2021, with over $3
billion in capital, significant capacity, a global operating
platform, and a diversified insurance and reinsurance
portfolio.
“I am delighted to be ringing the Opening Bell at the NYSE in
this celebration of renewal,” said Mr. Sankaran. “SiriusPoint has
launched as one of the first key players in the class of 2020. The
insurance and reinsurance industry has a history of responding with
innovation after any big shock event, and the dislocation caused by
the pandemic will spark the kind of change that gives birth to a
new chapter in the story of the industry. We believe that
SiriusPoint will be at the forefront of that change - a disruptive
force driving innovation and progress.”
The Bermuda-headquartered Company has been
formed from the merger between Third Point Reinsurance Ltd. (NYSE:
TPRE) ("Third Point Re"), a specialty reinsurer, and Sirius
International Insurance Group, Ltd. (Nasdaq: SG) ("Sirius Group"),
a global multi-line insurer and reinsurer.
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). We write a global
portfolio of Accident and Health, Property, Liability and Specialty
business, 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
Contacts
Investor RelationsClare Kerrigan,
SiriusPointclare.kerrigan@siriuspt.com+44 7970 685959
MediaSarah Hill,
Rein4cesarah.hill@rein4ce.co.uk +44 7718882011
Source: SiriusPoint Ltd.
Forward-Looking Statements
We make statements in this press release that are
forward-looking statements within the meaning of the federal
securities laws, including the Private Securities Litigation Reform
Act of 1995. Such statements include, but are not limited to,
statements about SiriusPoint’s impact on innovation and progress in
the insurance and (re)insurance industry. The forward-looking
statements are based on the current expectations of the management
of SiriusPoint Ltd. 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; unanticipated reactions of rating
agencies in response to the merger of SIIG and TPRE or other
events; the costs, expense and difficulties of the integration of
the operations of TPRE and SIIG; loss and LAE 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; SiruisPoint’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 presentation.
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