S&P upgrades SiriusPoint’s Insurance Subsidiaries to ‘A’ based on consistent robust earnings and strength of capital position
S&P Global Ratings upgraded SiriusPoint’s core insurance subsidiaries to ‘A’ from ‘A-’ and the holding company to ‘BBB+’ from ‘BBB’, marking the company’s third ratings upgrade this year. The agency cited SiriusPoint’s de-risking strategy, consistent earnings performance, and strengthened capital position as key drivers for the upgrade.
Key figures
- Total capital
- over $3.0 billion
- Retired preference shares
- $200 million
AI analysis
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