|Bid||10.51 x 1100|
|Ask||10.52 x 900|
|Day's Range||10.47 - 10.57|
|52 Week Range||6.62 - 11.50|
|Beta (5Y Monthly)||1.18|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Highlighting Firm’s Commitment to SustainabilityHAMILTON, Bermuda, April 19, 2021 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), an international specialty insurance and reinsurance company, today launches its inaugural Environmental, Social and Governance (ESG) report. The report provides an overview of the Company’s ESG policies, actions and commitments to create a more sustainable and socially-minded business. The Company’s global ESG practices and goals are detailed within four key pillars: Governance and EthicsOur People and CommunitiesSustainable Reinsurance, Insurance and Investments, andOur Environment Our ESG report describes SiriusPoint’s actions to address the issues facing its business, employees and communities, including the global impact of climate change and the COVID-19 pandemic. The report also addresses SiriusPoint’s efforts and commitments to promote diversity, equity and inclusion and combat racial inequality. “As a newly combined company, we are working to embed responsible and sustainable practices across each element of our business,” said Sid Sankaran, Chairman and Chief Executive Officer of SiriusPoint. “We are at the beginning of our ESG journey and our inaugural report outlines the positive foundation we have to build on. Our ambition to apply and adhere to sound ESG principles makes good business sense for long-term value creation and is central to our fundamental purpose to help our customers and communities thrive. I look forward to sharing more about our progress." SiriusPoint launched in February 2021, as a result of the merger of Sirius International Insurance Group, Ltd. (“Sirius Group”) and Third Point Reinsurance Ltd. (“TPRE”) to form a top 20 reinsurance company with over $3 billion in capital. Please click here to learn more about SiriusPoint’s ESG efforts across its global offices. About SiriusPoint SiriusPoint Ltd. (SiriusPoint) is a top 20 global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Property, Liability and Specialty business, combining data and creative thinking to underwrite risks with skill and discipline. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com Source: SiriusPoint Ltd. Contacts Investor RelationsClare Kerrigan, SiriusPointclare.email@example.com+44 7970 685959 MediaSarah Hills, Rein4cesarah.firstname.lastname@example.org +44 7718882011 Forward-Looking Statements We make statements in this report that are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about SiriusPoint Ltd.’s (“SiriusPoint”) intent to develop an ESG and sustainability program, meet the commitments described in the report and manage its climate risk. The forward-looking statements are based on the current expectations of the management of SiriusPoint and speak only as of the date of this document and are subject to significant risks and uncertainties outside of our control. You can identify forward-looking statements by the use of forward-looking terminology such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “target,” “continue,” “could,” “may,” “might,” “will,” “possible,” “potential,” “predict,” “should,” “would,” “seeks,” “likely,” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: fluctuation in the results of operations; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; the costs, expense and difficulties of the integration of the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd.; loss and loss adjustment expense reserves may be inadequate to cover SiriusPoint’s ultimate liability for losses and as a result its financial results could be adversely affected; SiriusPoint’s investment portfolio may suffer reduced returns or losses; adverse changes in interest rates, foreign currency exchange rates, equity markets, debt markets or market volatility could result in significant losses to SiriusPoint’s investment portfolio; legal restrictions on certain of SiriusPoint’s insurance and reinsurance subsidiaries’ ability to pay dividends and other distributions to SiriusPoint; SiriusPoint has significant deferred tax assets, which may become devalued if either SiriusPoint does not generate sufficient future taxable income or applicable corporate tax rates are reduced; lack of availability of capital; future strategic transactions such as acquisitions, dispositions, mergers or joint venture; technology breaches; SiriusPoint’s lack of control over the TP Fund and the allocation and performance of TP Fund’s investment portfolio; SiriusPoint’s dependence on Third Point LLC to implement TP Fund’s investment strategy; and Arcadian Risk Capital Ltd.’s ability to, and success at, writing the business indicated, its expansion plans and the Company’s ability to place quota share reinsurance on the portfolio. Discussions of additional risks and uncertainties are contained in SiriusPoint’s filings with the Securities and Exchange Commission (the “SEC”), including risks identified in SiriusPoint’s (f/k/a Third Point Reinsurance Ltd.) Annual Report on Form 10-K for the year ended December 31, 2020, and other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should any of the assumptions made by the management of SiriusPoint prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this report.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Eugene Dean Greenrock photo Greenrock Chairman, Eugene Dean HAMILTON, Bermuda, March 26, 2021 (GLOBE NEWSWIRE) -- Greenrock is proud to announce that SiriusPoint Ltd. (“SiriusPoint”), a global insurance and reinsurance company, will be the lead sponsor of Earth Hour 2021 in Bermuda. Earth Hour is one of the world’s largest grassroots movements for the environment, and in 2021 hopes to inspire individuals, businesses, and organizations in over 180 countries and territories to renew their commitment to the planet. The Bermuda event is being organized by Greenrock, which is an island sustainability charity. SiriusPoint, which was recently formed after the merger of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd., is sponsoring the Bermuda part of a global campaign. Third Point Reinsurance Ltd. was the lead Earth Hour sponsor in 2020. The charity will use the sponsorship money to help make Bermuda more sustainable and fund the mid-Atlantic island’s countdown to 2021 Earth Hour campaign which is being held on Saturday, March 27, at 6.30pm AST. Greenrock Chairman, Eugene Dean, said: “We are very thankful for the sponsorship we have received from SiriusPoint and their commitment to being Lead Advocate for our 2021 Earth Hour Campaign. Their generous contribution means the world to us and will go a long way toward supporting our efforts to help make Bermuda more sustainable. “We have very aggressive goals for our organization this year and a variety of programs that have the potential to deliver environmental impact and education where our community needs it most. The level of their sponsorship over the past two years is a clear indication of the confidence they have in the work we are doing, and for that we are both humbled and inspired to do more. We have made it very clear to SiriusPoint how much we appreciate their contribution and, more importantly, their willingness to align themselves with us publicly in an effort to inspire environmental action, encourage greater appreciation for nature, and advocate for an island-wide commitment to engage in strategies and behaviors that lead to the reduction of our dependence on fossil fuels.” Mark Nash, SiriusPoint Senior Vice President, Enterprise Risk Management and Head of the Charitable Donations Committee, said: “Earth Hour 2021 is designed to raise awareness about the challenges facing our planet and this year’s campaign will focus on reducing our dependency on fossil fuels. We are delighted to be able to sponsor such a worthwhile initiative in Bermuda. At SiriusPoint, we are committed to finding better ways to do things, to collaborating and empowering individuals, and to positively impacting the communities and environments we work in. Greenrock is doing incredible work focusing the Island's community on the challenges we face together, and we are proud that our values align with their mission.” This year Greenrock will countdown to Earth Hour with a live stream and television broadcast on Saturday, March 27th from 6:30pm AST to “Lights Out” featuring a youth segment, a community segment and a segment on the green economy. The two-hour program, which will be broadcast on Bermuda channels ZBM and Channel 82 and streamed live on the Greenrock website, YouTube Channel and Facebook Page, will include: Young Environmental LeadersThe Eco-Schools ProgramFossil Fuel Energy GenerationThe Bermuda Clean Air Coalition Trash CollectionComposting and RecyclingElectric VehiclesSolar PV & Battery Storage We encourage everyone to tune into our Earth Hour Live broadcast at 6:30pm and turn off any unnecessary lights from 8:30pm - 9:30pm while taking time to pause and reflect on adopting new behaviors that reduce our carbon footprint, help us live more sustainably, and inspire others to do the same. Anyone interested in supporting Greenrock or taking part in Earth Hour this year should visit our website www.greenrock.org or contact us via email at email@example.com. Please sign our Take Part Form to register your participation. Also feel free to share the links to our commercials and details about our TV broadcast and live stream. About GreenrockGreenrock is a Bermuda not-for-profit organization that has been established to engage the community and share solutions for a sustainable island. For more information, please visit our website www.greenrock.org or contact us via email at firstname.lastname@example.org. About Earth HourBorn in Sydney in 2007, Earth Hour has grown to become one of the world's largest grassroots movements for the environment, inspiring individuals, communities, businesses and organizations in more than 180 countries and territories to take tangible environmental action for over a decade. Historically, Earth Hour has focused on the climate crisis, but more recently, Earth Hour has strived to also bring the pressing issue of nature loss to the fore. The aim is to create an unstoppable movement for nature, as it did when the world came together to tackle climate change. The movement recognizes the role of individuals in creating solutions to the planet’s most pressing environmental challenges and harnesses the collective power of its millions of supporters to drive change.Link to Earth Hour siteLink to Earth Hour 2021 assets for media About SiriusPointSiriusPoint Ltd. (SiriusPoint) is a top 20 global insurer and reinsurer providing solutions to clients and brokers in almost 150 countries. Bermuda-headquartered with offices around the world, we are listed on the New York Stock Exchange (SPNT). We write a global portfolio of Accident and Health, Property, Liability and Specialty business, combining data and creative thinking to underwrite risks with skill and discipline. With over $3 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch. For more information, please visit www.siriuspt.com Source: SiriusPoint Ltd. Media Contact:Eugene Deaneugene@greenrock.org A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/18e47f20-6ba0-48b5-953a-3c8ff4c83d6f