Fitch revises SiriusPoint rating outlook to stable from negative
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Fitch revises SiriusPoint rating outlook to stable from negative

Abbie Day
24 March 2023
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Fitch Ratings has revised SiriusPoint’s rating outlook from negative to stable and affirmed its BBB long-term issuer default rating, its BBB- senior debt rating and the 'A-' insurer financial strength rating for the carrier and its operating subsidiaries.

The revision reflects SiriusPoint’s recent improvement in underwriting performance. The ratings agency attributed this to a revamped management team, including former RSA executive Scott Egan stepping in as CEO following the sudden exit of Sid Sankaran in May.

The

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