SiriusPointNYSE: SPNT

HAMILTON, Bermuda, May 28, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty insurer and reinsurer, has today announced the appointment of Susan Cross as Board Director, effective May 24, 2024. Susan takes up a new role on the SiriusPoint Board, bringing the total number of members to 10.

HAMILTON, Bermuda, May 23, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has announced the appointment of Jim McKinney as Chief Financial Officer, effective June 3, 2024.

HAMILTON, Bermuda, Feb. 06, 2024 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its fourth quarter and full year 2023 financial results after the market close on Tuesday, February 20, 2024. The Company will also hold a webcast, which can also be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Wednesday, February 21, 2024.

SiriusPoint's preferred units have shot up nicely in recent months, generating strong returns for shareholders. SPNT's financial health has improved, with increased profits and a decline in some activities. The common units are still rated a 'buy' due to increased profitability, but the limited upside that remains necessitates a downgrade for the preferred units.

SiriusPoint Ltd. (SPNT) Q3 2023 Earnings Call Transcript

We first revisit our recommendation of SiriusPoint preferred stock from May of this year. Although SPNT-B has been a big winner for us since May, it is still the most undervalued among “qualified” BB+ rated preferred stocks plus it has a massive reset rate. At the current 5-year treasury note yield, the reset yield on SPNT-B will be 12% and it trades below par.

HAMILTON, Bermuda, Sept. 21, 2023 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”) today announced that it is planning to release its third quarter 2023 financial results after the market close on Wednesday, November 8, 2023. The Company will also hold a webcast, which can also be accessed as a conference call, to discuss its financial results at 8:30 am (Eastern Time) on Thursday, November 9, 2023.

SiriusPoint, a global underwriter of insurance and reinsurance products, offers an attractive investment opportunity in its preferred stock for income-oriented investors. The company's Series B preferred shares, currently trading at $23.07 with a liquidation preference of $25, offer an 8% annual payout and additional potential upside of 8.4%.

The stock of specialty insurer and reinsurer SiriusPoint Ltd. slid 9.4% Friday, after Dan Loeb's hedge fund Third Point Management said it's no longer exploring an acquisition of the company.