SiriusPoint CoR falls 11.2 points to 81.9% on higher reserve releases after LPT
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SiriusPoint CoR falls 11.2 points to 81.9% on higher reserve releases after LPT

Jairo Ibarra
02 August 2023
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SiriusPoint’s Q2 combined ratio declined 11.2 points to 81.9%, driven by favourable prior-year loss reserve development of $33mn, compared with $6.4mn in Q2 last year.

The Bermudian said the favourable prior-year loss reserve development was primarily the result of management reflecting the continued favourable reported loss emergence through Q2, which was validated by its recent $1.3bn

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Jairo Ibarra
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