Fitch upgrades SiriusPoint’s ratings
Fitch Ratings has upgraded the ratings of SiriusPoint, including the insurer financial strength rating of its operating subsidiaries to A (Strong) from A-, its long-term issuer default rating to BBB+ from BBB and its senior debt rating to BBB from BBB-.
The firm’s chief executive, Scott Egan said SiriusPoint had entered 2026 with real momentum.
“The upgrade is a positive endorsement of the progress we have made and the strength of our balance sheet,” Mr Egan said.
“It also follows a strong 2025 performance, which marked another important step forward for SiriusPoint.”
He said the recognition from Fitch meant a great deal.
Fitch attributed the upgraded ratings to strong and improved earnings in recent years.
“This is driven by favourable operating results from solid underwriting profitability, with a reduced risk profile following a strategic repositioning of the reinsurance portfolio and exiting non-core lines to lessen overall volatility,” Fitch said.
Key ratings drivers included SiriusPoint’s strong financial performance, strengthened capitalisation and reduced leverage.
Fitch also highlighted SiriusPoint’s solid underwriting results over the past three years, favourable reserve development, improved shareholders’ equity and combined ratio, which reflected underlying underwriting improvement with improved risk selection.
•For the full press release see Related Media
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