Sirius International Insurance Group, Ltd.

Sirius International Insurance Group, Ltd. is a Bermuda-based insurance and reinsurance company offering tailored solutions to manage various risks through extensive underwriting capabilities and global reach. Sirius International Insurance Group, Ltd. specializes in insurance and reinsurance services, with its headquarters located in Hamilton, Bermuda.

Founded in 1945 by Montre Limthongbai, Neil Massey, and Timur Aliev, the company has undergone strategic developments, including its acquisition by Compre Group in August 2021, which aimed to enhance growth in North America. The firm has completed a total of 3 deals, with the most recent on August 5, 2021, and has received funding through an Add-on, Trade Sale, totaling USD 788. 00 mn, led by Third Point Reinsurance Ltd. The company has raised a total of USD 213.

00 mn. Sirius International Insurance Group operates within the insurance and reinsurance sectors, providing a wide array of solutions that address the evolving risk requirements of its clients. The company underwrites primary insurance across multiple industries, leveraging its global expertise to deliver customized insurance solutions. As a leading global reinsurer, SiriusPoint interacts with clients and brokers, utilizing operational hubs in North America, Bermuda, and Europe, including Lloyd's Syndicate 1945, to serve a diverse client base that includes program administrators and managing general agents across the U.

S. , Canada, and Europe. The firm holds licenses for underwriting Property & Casualty, as well as Accident & Health insurance and reinsurance globally, thus catering to a comprehensive range of client needs. In 2023, Sirius International Insurance Group generated a revenue of USD 2,464.

60 mn, with an EBITDA of USD 326. 80 mn. The revenue model is structured around its insurance and reinsurance offerings, leveraging partnerships with managing general agents and program managers in a B2B framework to effectively distribute services. The company maintains a total capital of approximately USD 2.

7 bn, supported by strong financial ratings from agencies such as an A- rating from AM Best, S&P, and Fitch, and an A3 from Moody's. Their flagship programs focus on casualty and specialty lines, designed to provide comprehensive risk management solutions tailored to client needs. Sirius International Insurance Group aims to expand its footprint in the North American insurance market following its acquisition by Compre Group, which will significantly enhance its balance sheet and accelerate growth strategies. The company is focusing on the development of new insurance products tailored to the unique needs of its clients.

The funding from the recent Add-on, Trade Sale in August 2021, will be utilized to bolster these initiatives and support its strategic expansion efforts within the region.