Reinsurance News
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
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
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
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
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
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
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
