SiriusPoint Subsidiaries Rated A, Holding Company Elevated to BBB+ After Third Upgrade
S&P raised issuer credit and financial strength ratings on SiriusPoint’s insurance subsidiaries to A from A- and on the holding company to BBB+ from BBB, its third upgrade this year. S&P cited de-risked underwriting, stronger capital buffers, a $200M preference share retirement and divestitures of ArmadaCare and Arcadian stakes.
1. S&P Rating Actions
S&P raised long-term issuer credit and financial strength ratings on SiriusPoint’s core insurance subsidiaries to A from A- and upgraded the holding company to BBB+ from BBB, marking the third rating increase in 2026 and assigning a stable outlook.
2. Underwriting and Capital Strength
The upgrade reflects SiriusPoint’s de-risked underwriting and investment portfolios, which have bolstered capital buffers to exceed S&P’s 99.99% confidence level over the next two years, aligning performance with peers.
3. Strategic Capital and Asset Management
SiriusPoint reduced catastrophe exposure, repurchased all CM Bermuda-held shares and warrants, retired $200 million of preference shares and sold stakes in ArmadaCare and Arcadian to strengthen its capital position and credit fundamentals.