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SiriusPoint Announces Q3 Results and Loss Portfolio Transfer

The Motley Fool +1 · ·by G4L

SPNT
SPNT SiriusPoint Ltd
$27.38 +3.67%
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  1. 1SiriusPoint recorded a 20% growth rate in insurance and services for the third quarter.
  2. 2SiriusPoint has entered into an agreement with RiverStone to transfer loss portfolios.
  3. 3SiriusPoint plans to update its segment reporting starting from the fourth quarter.

So what's the key point?

SiriusPoint's insurance and services grew by 20%. The company decided to transfer loss-making assets to another party and will change its reporting method accordingly.

Source The Motley Fool +1 · View original ↗

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