Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies.
Specialty reinsurer Third Point Re, and Sirius International Insurance Group, a multi-line insurer and reinsuer, anticipate that the transaction will be completed during the first quarter of 2021, subject to the satisfaction or waiver of all closing conditions.
The two companies announced on Aug. 6 they would combine in a cash and stock transaction worth $788 million, creating a Bermuda-based company called SiriusPoint Ltd.
Source: Third Point Re and Sirius Group
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Florida Engineers: Winds Under 110 mph Simply Do Not Damage Concrete Tiles 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
