S&P goes negative on SiriusPoint’s ratings; Malloy touts “significant progress” in turnaround

S&P Global Ratings has placed SiriusPoint’s A- financial strength ratings on CreditWatch with negative implications, to which the Bermuda (re)insurer’s interim CEO Dan Malloy responded by expressing confidence in the “significant progress” made in recent quarters in cutting volatility, in addition to touting balance sheet strength.