SiriusPoint
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Fitch retained its negative outlook on Sirius, noting the carrier’s “operating performance deterioration in recent years” and exposure to Covid-19 losses.
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The share price of majority China Minsheng-owned Sirius also surged 40%.
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The Third Point Re acquisition removes the immediate risk of a downgrade below A- for Sirius.
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The business will be known as SiriusPoint and led by ex-AIG CFO Sid Sankaran, who will become chairman and CEO.
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