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.
Waymos Froze, Blocked Traffic During San Francisco Power Outage 
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics 
Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
