SiriusPoint has had its ratings outlook revised from ‘Negative’ to ‘Stable’ by S&P Global Ratings (S&P).
S&P’s decision to revise its ratings outlook to ‘Stable’ reflects its “expectation that SiriusPoint will continue to post strong and improving underwriting results in 2023-2025, with combined ratios around 95% and capital maintained at the ‘AA’ level.”
Commenting on the ratings outlook, Scott Egan, CEO, SiriusPoint, said: “S&P’s decision to revise our outlook to ‘Stable’ recognizes the hard work of our people, their dedication and our collective effort to establish a stable platform for 2024 and beyond.
“This is an important moment in our journey, and the outcome demonstrates that we are taking the right actions to strengthen our business. We have built both capital and cultural resilience, we have executed well against our strategy, and we have proof points to be proud of. We thank our colleagues, investors, clients, and partners for their belief and support in our business.”
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