SiriusPoint has today announced its agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to Lee Equity Partners, LLC for total consideration of $139 million, inclusive of a pre-close dividend. SiriusPoint has also renewed and extended its capacity agreement with Arcadian until the end of 2031.
Scott Egan, Chief Executive Officer at SiriusPoint, said: “We continue to build on our partnership with Arcadian through the extension of our capacity agreement and are excited to support the business in its next chapter under respected industry leader John Boylan.”
Find out more and read the full details of the transaction in our press release on our Investor Relations website, here.
