SiriusPoint Releases Inaugural Environmental, Social and Governance (ESG) Report
April 19 2021 - 9:57AM
SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an
international specialty insurance and reinsurance company, today
launches its inaugural Environmental, Social and Governance (ESG)
report. The report provides an overview of the Company’s ESG
policies, actions and commitments to create a more sustainable and
socially-minded business.
The Company’s global ESG practices and goals are detailed within
four key pillars:
- Governance and Ethics
- Our People and Communities
- Sustainable Reinsurance, Insurance and Investments, and
- Our Environment
Our ESG report describes SiriusPoint’s actions to address the
issues facing its business, employees and communities, including
the global impact of climate change and the COVID-19 pandemic. The
report also addresses SiriusPoint’s efforts and commitments to
promote diversity, equity and inclusion and combat racial
inequality.
“As a newly combined company, we are working to embed
responsible and sustainable practices across each element of our
business,” said Sid Sankaran, Chairman and Chief Executive Officer
of SiriusPoint. “We are at the beginning of our ESG journey and our
inaugural report outlines the positive foundation we have to build
on. Our ambition to apply and adhere to sound ESG principles makes
good business sense for long-term value creation and is central to
our fundamental purpose to help our customers and communities
thrive. I look forward to sharing more about our progress."
SiriusPoint launched in February 2021, as a result of the merger
of Sirius International Insurance Group, Ltd. (“Sirius Group”) and
Third Point Reinsurance Ltd. (“TPRE”) to form a top 20 reinsurance
company with over $3 billion in capital.
Please click here to learn more about SiriusPoint’s ESG efforts
across its global offices.
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
Source: SiriusPoint Ltd.
Contacts
Investor RelationsClare Kerrigan,
SiriusPointclare.kerrigan@siriuspt.com+44 7970 685959
MediaSarah Hills,
Rein4cesarah.hills@rein4ce.co.uk +44 7718882011
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.
Such statements include, but are not limited to, statements about
SiriusPoint Ltd.’s (“SiriusPoint”) intent to develop an ESG and
sustainability program, meet the commitments described in the
report and manage its climate risk. 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.
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