SiriusPoint inks $1.3 billion loss portfolio transfer deal with Compre

Bermuda-based specialty insurer and reinsurer SiriusPoint Ltd. has signed a $1.3 billion reinsurance loss portfolio transfer deal with Bermuda-based legacy specialist Compre Group Holdings Ltd., as part of its strategic of priorities to reduce future volatility and improve profitability, The Royal Gazette reported. SiriusPoint’s international reinsurance business in Sweden and its Lloyd’s Syndicate 1945 underwrote the reserves covered under the deal.