SiriusPoint Ltd.

SiriusPoint Ltd. is a global reinsurance company based in Bermuda with roots going back 85 years. In 2024, it wrote $1.3 billion in reinsurance premiums and posted a strong 88 percent combined ratio.

History of SiriusPoint Ltd.

SiriusPoint was formed in 2021 through the merger of Sirius Group and Third Point Re. The firm has an 85-year history in reinsurance, including property, casualty, and accident and health.

It now operates worldwide with strong roots in both US and European reinsurance markets. Key moments in the company’s history include:

• 1945: Sirius was founded in Stockholm as a reinsurance leader in Scandinavia
• 2004: White Mountains acquired Sirius International to form White Mountains Re
• 2011: White Mountains Re rebranded under the Sirius name as Sirius America Insurance
• 2013: Third Point Re went public, trading as “TPRE” on the New York Stock Exchange
• 2014: Sirius launched its own Lloyd’s managing agency to run Syndicate 1945
• 2017: Sirius acquired International Medical Group and Armada Global
• 2020: Sirius Group and Third Point Re agreed to merge under a new brand
• 2021: SiriusPoint Ltd. officially launched with over $3 billion in capital
• 2023: Fitch and S&P upgraded SiriusPoint’s rating outlook to stable
• 2024: SiriusPoint posted nine straight quarters of profit and returned over $1 billion to investors

In 2025, AM Best raised SiriusPoint’s outlook to positive due to its very strong balance sheet. The agency cited lower catastrophe risk and tighter investment controls as reasons for the boost.

Reinsurance products and services

SiriusPoint Ltd. delivers global treaty and facultative reinsurance backed by expert teams and local insight:

Core reinsurance lines

• accident and health: covers illness, injury, and medical loss for individuals and groups
• aviation and space: protects against risks in commercial flight, aerospace, and satellite operations
• casualty: insures general liability, workers’ compensation, and motor third-party exposures
• credit: supports lenders against default, insolvency, or delayed payments by borrowers
• life: provides mortality and longevity risk coverage for life insurance portfolios
• marine and energy: includes cargo, hull, offshore platforms, and related operational exposures
• property: protects against physical loss or damage from fire, wind, quake, or flood

Structured reinsurance solutions

• structured reinsurance: custom-built contracts designed to manage capital and earnings volatility

Delivery model

• treaty reinsurance: offers coverage for blocks of risk under set terms
• facultative reinsurance: provides tailored coverage for single or unique risks

SiriusPoint Ltd. builds reinsurance solutions with strong risk tools and responsive underwriting. Its focus remains steady: flexibility, professionalism, and service on a global scale.

Culture and core values

SiriusPoint Ltd. sees every employee as part of one global team working collaboratively across borders. It focuses on people, shared values, and making a difference through strong culture and connection.

Workplace environment and benefits

The company empowers people to build careers, serve partners, and thrive within a flexible culture. SiriusPoint backs its team with global support and strong Total Rewards, which include:

• health and insurance: competitive healthcare, life, and disability insurance coverage
• retirement plans: employer-sponsored 401(k) benefits to support long-term financial goals
• family leave: paid maternity and paternity leave for growing families
• wellness support: Employee Assistance Program for personal and emotional well-being
• financial wellness: tools and programs for financial health and planning
• work flexibility: agile and remote work options to fit different needs
• performance rewards: short- and long-term variable incentive compensation

Benefits differ by location, role, and company area. SiriusPoint regularly reviews offerings to match its performance-based approach.

Diversity and inclusion

SiriusPoint Ltd. hires top talent by building an inclusive space for all backgrounds and experiences. Its employee resource groups (ERGs) help create real belonging and support across the global team:

• SiriusPride: LGBTQ+ inclusion and allyship network
• Women In SiriusPoint: growth and support for women leaders
• Global Point: multicultural employee group for shared identity
• Health & Well-being Network: resources focused on well-being and mental health

The company offers strong pay, benefits, and growth for a truly diverse and supported workforce. It continues to invest in people who bring fresh ideas and wide-ranging experience.

Sustainability approach

SiriusPoint Ltd. puts ESG at the center of how it works and makes decisions. Its approach combines sound risk management, strong governance, and real social responsibility. It supports clients, communities, and colleagues through sustainable and thoughtful business actions.

The future at SiriusPoint Ltd.

SiriusPoint Ltd. opened 2025 with strong gains across core business and services. Its return on equity hit 13 percent, staying within the long-term target range. It is staying focused on steady earnings, solid capital, and smart reinsurance growth.

The firm also hired Philip Enan to lead strategy and corporate development in 2025. His role focuses on growth, investments, and long-term business goals. The company aims to strengthen reinsurance and expand smart partnerships worldwide.