SiriusPoint to sell stake in Arcadian
- August 25, 2025
- Posted by: Web workers
- Category: Finance
Bermuda-based SiriusPoint announced Monday it has agreed to sell its 49% stake in managing general agent Arcadian Risk Capital to Lee Equity Partners for $139 million.
SiriusPoint also has renewed and extended its capacity agreement with Arcadian until the end of 2031.
After completing the sale, SiriusPoint will record a pre-tax gain of $25 million to $30 million. The specialty insurer and reinsurer recognized a $96 million gain when it deconsolidated Arcadian in the second quarter of 2024.
Arcadian generated $17.6 million in earnings before interest, taxes, depreciation and amortization over the past 12 months.
The total consideration of $139 million includes a pre-close dividend.
Bermuda-based Arcadian was founded in 2020 by industry veteran John Boylan and has operations in Bermuda, Ireland, the United Kingdom and the U.S.
“We continue to build on our partnership with Arcadian through the extension of our capacity agreement,” SiriusPoint CEO Scott Egan said in a statement.
The deal is expected to close before the end of the first quarter of 2026.
