Fitch Upgrades SiriusPoint Subsidiaries to 'A' Rating

Ratings agency cites strong earnings, reduced risk profile, and improved underwriting results.

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-'. Fitch also upgraded SiriusPoint's Long-Term Issuer Default Rating to 'BBB+' and its senior debt rating to 'BBB'. The Rating Outlook is Stable.

Why it matters

The upgrade reflects SiriusPoint's strong financial performance, strengthened capitalization, and reduced leverage in recent years. It is a positive endorsement of the progress the company has made in repositioning its (re)insurance portfolio and improving its overall risk profile.

The details

Fitch cited SiriusPoint's solid underwriting results, favorable reserve development, improved shareholders' equity, and a combined ratio that reflects 'underlying underwriting improvement with improved risk selection.' CEO Scott Egan said the upgrade is a 'positive endorsement of the progress we've made and the strength of our balance sheet.'

  • Fitch Ratings announced the upgrades 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.

Scott Egan

Chief Executive Officer of SiriusPoint.

Fitch Ratings

A global rating agency that provides forward-looking credit opinions, research, and data on public and private companies, governments, and structured finance products.

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What they’re saying

“The upgrade of SiriusPoint's ratings reflects strong and improved earnings in recent years driven by favorable operating results from solid underwriting profitability, with a reduced risk profile following a strategic repositioning of the (re)insurance portfolio and exiting non-core lines to lessen overall volatility.”

— Fitch Ratings

“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, SiriusPoint

The takeaway

The Fitch upgrade highlights SiriusPoint's successful efforts to improve its financial performance, risk profile, and overall business strength, positioning the company for continued growth and success in the insurance and reinsurance markets.