Sirius Group secures $300m credit facility
12-02-2018
Sirius placed under review with negative implications due to Phoenix deal
28-11-2017
Allan Waters, CEO Sirius Group
Three years after Sirius International Insurance Group was acquired by China Minsheng Investment (CMIG International), the company is rolling out ambitious growth plans and is readying itself for a potential initial public offering, Allan Waters, the company’s chief executive, tells Intelligent Insurer.
Sirius International Insurance Group is on the hunt for private investors, which could ultimately pave the way for its completing an initial public offering (IPO), Allan Waters, the company’s chief executive, has told Intelligent Insurer.
The company’s owner, CMIG International, which acquired Sirius from White Mountains Insurance Group for $2.6 billlion (originally $2.2 billion) in 2015, has always stated it plans to float Sirius at some point.
Now, Waters says, it is mulling first raising around $400 million privately, which could mean adding two investors, each with an equity stake of below 10 percent.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Sirius, Bermuda, North America, Insurance, Reinsurance, Growth, M&A, Allan Waters, Monica Cramér Manhem
