Sirius Group

A.M. Best turns negative on Sirius International

22nd November 2019

Global financial services ratings agency, A.M. Best, has revised its outlooks to negative from stable for Sirius International Insurance Group, Ltd. and its main rated subsidiaries, citing the deterioration of the firm's operating performance metrics since 2017. Specifically, A.M. Best has revised the outlooks to negative and affirmed the Financial Strength ... Read the full article

Sirius confirms Meyer Frucher as Non-Exec Chairman of the Board

18th November 2019

The Board of Directors of global insurer and reinsurer, Sirius International Insurance Group, Ltd., has confirmed the appointment of Meyer Frucher as Non-Executive Chairman of the Board. Back in February 2019, during the announcement that Kernan Oberting was to succeed Allan Waters as Chief Executive Officer (CEO) of Sirius Group, ... Read the full article

Sirius Group names Florian Boecker as Head of Life Reinsurance

10th September 2019

Sirius Group, the global multi-line re/insurer, has announced the appointment of Florian Boecker to the newly created role of Head of Life Reinsurance. Boecker most recently served as Chief Solutions Officer for Life & Health at PartnerRe, based in Zurich. He has more than two decades of experience as an actuary and ... Read the full article

Sirius announces business segment leaders, launch of Global Management Committee

30th August 2019

Bermuda-based Sirius Group has announced numerous business segment leaders and also the launch of a Global Management Committee. The firm states that these enhancements are designed to unify its global operating structure, while at the same time elevate and empower some key leaders of its business segments under the Sirius Group ... Read the full article

Jebi loss creep drives Q2 underwriting loss for Sirius

8th August 2019

Further loss creep from typhoon Jebi has hit the performance of Sirius International Insurance Group, Ltd. in the second-quarter of 2019, driving the firm's net income down from $98 million in Q2 2018 to $7 million in Q2 2019. The impact of loss creep from Jebi also hit the firm's H1 ... Read the full article

Fitch places Sirius on Rating Watch Negative as CMIG debt and liquidity issues deepen

24th April 2019

Fitch Ratings has placed Sirius International Group Ltd.'s ratings on Rating Watch Negative, driven by a deepening debt and liquidity crisis at China Minsheng Investment Group Corp. (CMIG), which ultimately owns roughly 80% of Sirius' common shares on a fully diluted economic basis. The ratings include Sirius' 'BBB' Long-Term Issuer Default Rating, ... Read the full article

Sirius announces new CEO and CFO appointments

4th February 2019

Global insurance and reinsurance group, Sirius International Insurance Group, Ltd., has announced that Kernan Oberting will succeed Allan Waters as Chief Executive Officer (CEO) of Sirius Group, while Ralph Salamone has been named as Oberting's replacement as Chief Financial Officer (CFO) of Sirius Group. Both of these appointments are effective February 9th, ... Read the full article

Sirius Group posts negative Q3 results, driven by cat losses

16th November 2018

Sirius International Group, a global multi-line re/insurance group, has posted a loss of $23 million for the third quarter of 2018, which was largely driven by $77 million of catastrophe losses. The Group’s combined ratio for the quarter was 111%, including 24 points of catastrophe losses, which compares with losses of ... Read the full article

Sirius completes merger with Easterly, becomes public company

6th November 2018

Sirius International Group, a global multi-line re/insurance group, has completed its previously announced merger agreement with Easterly Acquisition Corp., through which Sirius has become a publicly listed company. As part of the business combination arrangement, a wholly owned subsidiary of Sirius Group merged with and into Easterly, while Easterly became ... Read the full article

Sirius Group reshapes leadership team ahead of Easterly merger

13th September 2018

Sirius International Group, a global multi-line re/insurance group, has announced a series of promotions and the formation of a new management committee in anticipation for its merger with Easterly Acquisition Corp. Kernan V. Oberting has been appointed President of Sirius Group, and will manage the corporate, investment management, finance and public ... Read the full article

Sirius Group to go public via merger agreement with Easterly

25th June 2018

Sirius International Group, a global multi-line insurance and reinsurance group, has entered a merger agreement with Easterly Acquisition Corp. for a proposed business combination that would result in Sirius becoming a publicly listed company. Under the terms of the agreement, Easterly would merge with a subsidiary of Sirius Group to become ... Read the full article