Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger

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