business / news / / The Manila Times
S&P Global Ratings has raised the long-term issuer credit and financial strength ratings on the core insurance operating subsidiaries of SiriusPoint Ltd.
S&P Global Ratings upgraded SiriusPoint's core subsidiaries to 'A' from 'A-', its third upgrade in 2026.
KEY POINTS
- SiriusPoint's capital position improved significantly due to de-risking underwriting and investment portfolios.
- SiriusPoint retired $200 million of preference shares and fully repurchased shares from CM Bermuda Limited.
- SiriusPoint sold its stakes in ArmadaCare and Arcadian as part of recent strategic actions.
COMPANIES
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