SiriusPoint
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This publication revealed that the firm is working with Jefferies on the sale of its A&H MGA Armada. -
The legacy deal comes one year after a $1.3bn LPT with Compre covering several lines.
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Sources said the Bermuda carrier has been working with Jefferies on the sale.
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Larson and Godlis will be based in New York and Mohamed will be based in London.
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Instead, the firm’s core segments reported $13.5mn in full-year cat losses.
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The carrier will prioritise underwriting profits over growth in 2024.
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Consolidated underwriting income shrank 36.6% YoY to $36.7mn.
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The agreement will cover onshore windfarms, primarily in Sweden.
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The carrier is expanding its marine footprint in 2024 through its Lloyd’s and London branch.
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The carrier is rebuilding its energy underwriting team after a number of staff departures.
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Putting together two “show me” stories risks investor skepticism.
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Gaughan took over the leadership of SiriusPoint’s energy underwriting operation last year.
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