SiriusPoint expects no change to S&P rating as CMIH enters receivership
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

SiriusPoint expects no change to S&P rating as CMIH enters receivership

Rachel Dalton
14 December 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
SiriusPoint logo bermuda.jpg

SiriusPoint said that the receivership of CMIG International Holding (CMIH) is not expected to affect its Standard & Poor’s rating, despite an affiliate being a major shareholder in the insurer.

A Bermuda CMIH subsidiary holds a 33% shareholding in SiriusPoint, although its voting rights are limited to 9.9%.

The Bermudian reinsurer and the ratings agency issued statements as the Chinese investment company was taken into private receivership by its Singapore...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsRegulationSiriusPoint
rachel dalton/rachel dalton ii red.png
Rachel Dalton
Lead Reporter
Contact
Gift this article