HAMILTON, Bermuda, June 16, 2021 (GLOBE NEWSWIRE) – SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT; OTCQX: SSPCF) today announced that the Company’s Contingent Value Rights (CVRs) have qualified to trade on the OTCQXÂ® Cheaper.
The newly traded CVRs were issued to investors in Sirius International Insurance Group during the company’s merger with Third Point Reinsurance Ltd. who did not make a timely election for all of his shares, and therefore was entitled to receive the share and CVR consideration in respect of those shares. They started trading on OTCQX on June 10, under the symbol “SSPCF”. US investors can find current financial information and real-time Level 2 quotes for the company at www.otcmarkets.com.
For more information, please contact SiriusPoint Investor Relations at [email protected] or by phone at +1 (441) 542-3333.
SiriusPoint Ltd. (SiriusPoint) is one of the world’s 20 largest insurers and reinsurers providing solutions to clients and brokers in nearly 150 countries. Based in Bermuda with offices around the world, we are listed on the New York Stock Exchange (SPNT) and the company’s CVRs are traded on the cheapest OTCQX (SSPCF). We write a global portfolio of accidents and health, specialties, goods and runoff, combining data and creative thinking to secure risks with skill and discipline. With total capital of over $ 3 billion, 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
+1 (441) 542-3333
We make statements in this report that are forward-looking statements within the meaning of federal securities laws, including the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current expectations of SiriusPoint management and do not speak as of the date of this document and are subject to significant risks and uncertainties beyond our control. You can identify forward-looking statements by using forward-looking terminology such as “plan”, “believe”, “expect”, “anticipate”, “intend”, “the outlook”, “estimate”, “anticipate” “,” Project “,” target “,” continue “,” could “,” could “,” could “,” could “,” will “,” possible “,” potential “,” predict “,” should “, âWouldâ, âseek,â âlikelyâ and other similar words and phrases, 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 forward-looking statements are the following: fluctuations in operating results; pandemic or other catastrophic event, such as the ongoing COVID-19 outbreak; the costs, expenses and difficulties of integrating the operations of Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd. ; provisions for claims and claims adjustment expenses may be insufficient to cover SiriusPoint’s ultimate liability in the event of a claim and, therefore, its financial results could be adversely affected; SiriusPoint’s investment portfolio may experience reduced returns or losses; adverse changes in interest rates, foreign exchange rates, equity markets, debt markets or market volatility could result in material losses to SiriusPoint’s investment portfolio; legal restrictions on the ability of certain insurance and reinsurance subsidiaries of SiriusPoint to pay dividends and other distributions to SiriusPoint; SiriusPoint has significant deferred tax assets, which may be written down if SiriusPoint does not generate sufficient future taxable income or if applicable corporate tax rates are reduced; lack of availability of capital; future strategic transactions such as acquisitions, divestitures, mergers or joint ventures; technological breaches; SiriusPoint’s lack of control over the TP Fund and the allocation and return of the TP Fund’s investment portfolio; SiriusPoint’s dependence on Third Point LLC to implement TP Fund’s investment strategy; and the capacity and success of Arcadian Risk Capital Ltd. to underwrite the activity 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 documents filed by SiriusPoint with the Securities and Exchange Commission (the âSECâ), including the risks identified in SiriusPoint’s annual report (f / k / a Third Point Reinsurance Ltd.) on Form 10-K for the fiscal year ended December 31, 2020, and other documents filed with the SEC. If one or more of these risks or uncertainties materialize, or if any of the assumptions made by SiriusPoint’s management prove to be incorrect, actual results could differ 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.
Source: SiriusPoint Ltd.