Sirius to go ahead with sale process; takes $140m COVID-19 hit in Q1


Bermuda-based Sirius International Insurance Group has decided to continue with its previously announced strategic review and sales process despite the challenges created by the global COVID-19 pandemic. The re/insurer suffered $140 million COVID-19 losses in the first quarter of 2020 and has set reserves for all expected losses going forward.

Sirius, Q1, 2020 results, Coronavirus, Insurance, Reinsurance, Sales process, GWP, Kip Oberting, Bermuda

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