Fitch Ratings Upgrades SiriusPoint's Operating Subsidiaries to 'A' (Strong)

Upgrade reflects strong financial performance, strengthened capitalization, and reduced leverage.

Published on Feb. 25, 2026

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Fitch Ratings has upgraded the ratings of SiriusPoint Ltd., including the Insurer Financial Strength (IFS) rating of its operating subsidiaries to 'A' (Strong) from 'A-', its Long-Term Issuer Default Rating (IDR) to 'BBB+' from 'BBB', and its senior debt rating to 'BBB' from 'BBB-'. The Rating Outlook is Stable.

Why it matters

The upgrade is a positive endorsement of SiriusPoint's progress and the strength of its balance sheet, following a strategic repositioning of its (re)insurance portfolio to lessen overall volatility and improve underwriting profitability.

The details

Fitch cited SiriusPoint's strong financial performance, strengthened capitalization, and reduced leverage as key drivers for the upgrade. The company has reported solid underwriting results over the last three years, favorable reserve development, and improved shareholders' equity, with a combined ratio reflecting 'underlying underwriting improvement with improved risk selection'.

  • Fitch Ratings announced the upgrade on February 25, 2026.

The players

SiriusPoint Ltd.

A global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world, headquartered in Bermuda with offices in New York, London, Stockholm and other locations.

Scott Egan

Chief Executive Officer at SiriusPoint.

Fitch Ratings

A global rating agency that provides independent credit ratings, research, and data.

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What they’re saying

“This recognition from Fitch means a great deal to us. The upgrade is a positive endorsement of the progress we've made and the strength of our balance sheet. It also follows a strong full-year 2025 performance, which marked another important step forward for SiriusPoint. We have entered 2026 with real momentum.”

— Scott Egan, Chief Executive Officer

The takeaway

The upgrade from Fitch Ratings is a validation of SiriusPoint's strategic efforts to strengthen its financial position and underwriting performance, positioning the company for continued growth and success in the global insurance and reinsurance market.