Deal Snapshot
Third Point Re, Sirius Win Shareholder Nods for Merger
Friday 27 November 2020

Shareholders of Bermuda-domiciled speciality reinsurer Third Point Reinsurance Ltd. (NYSE: TPRE) and Bermuda-based Sirius International Insurance Group, Ltd. (NASDAQ: SG) have voted to approve proposals required to complete the combination of Third Point Re and Sirius Group under a deal agreed in August 6, by and among Third Point Re, Sirius Group and Yoga Merger Sub Ltd, the companies said.

In the deal, Third Point Reinsurance Ltdwill acquire Sirius in a cash and stock transaction. Based on the closing price of Third Point Re stock on August 5, 2020, the transaction is valued at approximately USD 788m.

Date Published: 27/11/2020