2 May 2024Reinsurance

SiriusPoint Q1 profit plummets despite strong start to 2024

Bermuda-based specialty re/insurer SiriusPoint’s net profit plummeted in the first quarter as losses in the reinsurance book and loss adjustment expenses rose. The company had warned it would see some slowdown in growth following the restructuring which took place in 2022 and 2023.

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