SiriusPoint

Global specialty insurer and reinsurer providing capacity to carriers, brokers, and program administrators worldwide.

Overview

SiriusPoint is a Bermuda-domiciled global specialty insurer and reinsurer operating through direct underwriting and MGA/program partnerships. The company was formed in 2021 through the merger of Sirius Group -- itself founded in Stockholm in 1945 -- and Third Point Re. It writes specialty insurance and reinsurance across North America, Bermuda, London, and Europe, with Lloyd's Syndicate 1945 as its London market vehicle.

The company structures its operations into four global divisions: Global P&C Programs, Global Reinsurance, Global Accident and Health, and London Market Specialty. This reorganization, completed in 2025, supports disciplined underwriting and portfolio management across a broad range of specialty and casualty lines. SiriusPoint distributes primarily through brokers and program administrators rather than retail agents. Data-driven underwriting and risk management systems support portfolio decisions across segments, with a technology stack that includes Power BI, SQL, and Microsoft Teams for analytics and operations.

SiriusPoint carries financial strength ratings of A from Fitch, A- from AM Best and S&P, and A3 from Moody's. For full-year 2025, the company reported gross written premium of USD 3.7 billion, net income of USD 444 million, and total capital exceeding USD 3.0 billion -- the strongest results since its formation, capping a three-year financial recovery. In Q1 2026, net income was USD 100 million, continuing the trend of consistent profitability.

Products & Services

Insurance Segment

SiriusPoint's insurance segment represented 59% of core net premiums written in 2025, up from 37% in 2021, reflecting a deliberate shift toward specialty lines. Lines include accident and health, surety, and specialty programs underwritten through MGA partnerships.

Reinsurance Segment

The reinsurance segment accounted for 41% of core net premiums written in 2025. SiriusPoint writes property reinsurance, casualty reinsurance, credit, and other specialty classes from North America, Bermuda, London (Lloyd's Syndicate 1945), and European hubs.

Program and MGA Partnerships

SiriusPoint acts as a capacity provider for a portfolio of 20 or more MGA and program manager partnerships in casualty and specialty lines globally. Recent named partnerships include Vouch (tech startup insurance, multi-year underwriting capacity plus Series C investment), LuckyTruck Corp. (digital commercial trucking broker), and Lukka (institutional crypto data).