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Sirius International Managing Agency Limited
Sirius International Managing Agency Limited was established in 1985 as a vehicle for underwriting insurance and reinsurance risks from its base in...
Sirius International Managing Agency Limited
Sirius International Managing Agency Limited was established in 1985 as a vehicle for underwriting insurance and reinsurance risks from its base in Bermuda. The firm is part of the broader SiriusPoint family, which emerged from the 2021 merger of Sirius International Insurance Group and Third Point Re. Wealth origin relates to insurance underwriting capital, not a specific family fortune. The firm deploys capital across property and casualty insurance, specialty lines including marine and energy, and reinsurance treaties. It operates through Lloyd's syndicates and direct underwriting platforms. Geographic exposure spans North America, Europe, and emerging markets, with named regions including the United States and the United Kingdom. Confirmed portfolio exposures include catastrophe property and casualty, marine, and aviation risks. Team size and total deployment figures are not publicly disclosed. The firm maintains offices in Hamilton, New York, London, Pembroke, and Farmington. In 2023, the firm's parent SiriusPoint reported a combined ratio improvement, reflecting underwriting discipline and reduced volatility. Sirius International Managing Agency Limited operates under Bermuda's regulatory framework, benefiting from a class 3A or higher license. Its structural differentiator is the Lloyd's syndicate-based model combined with Bermuda direct underwriting, allowing flexibility across jurisdictions and risk types.
General information
Firm type
Insurance
Year founded
1985
AUM
Undisclosed
Location
Region
North America
Country
Bermuda
City
Hamilton
Corporate office
Hamilton, Bermuda
Additional offices
New York, United States · London, United Kingdom · Pembroke, Bermuda · Farmington, United States
Principals
Kip Thompson
CEO
Sector focus
Frequently asked questions
Who controls investment decisions at Sirius International Managing Agency Limited?
The firm's underwriting and investment decisions are led by CEO Kip Thompson, who oversees the strategic direction. The broader SiriusPoint group, listed on the NYSE, has a board that approves major capital allocation and underwriting policies.
Is Sirius International Managing Agency Limited a traditional insurer or a reinsurance specialist?
The firm operates as both a direct insurer and reinsurer, writing property, casualty, and specialty risks through Bermuda-based platforms and Lloyd's syndicates. This dual structure allows it to serve both primary and reinsurance clients.
What is the relationship between Sirius International Managing Agency Limited and SiriusPoint?
Sirius International Managing Agency Limited is a subsidiary within the SiriusPoint group. SiriusPoint, formed from the 2021 merger of Sirius International Insurance Group and Third Point Re, is a publicly traded global specialty insurer and reinsurer listed on the NYSE.
What lines of business does Sirius International Managing Agency Limited underwrite?
The firm underwrites property and casualty insurance, specialty lines such as marine, energy, and aviation, and reinsurance treaties covering catastrophe, property, and casualty risks. Its portfolio is diversified across geographies and product lines.
Does Sirius International Managing Agency Limited operate as a family office?
No, the firm is a specialty insurance and reinsurance underwriting entity, not a family office. It operates within a regulated insurance group, with capital provided by insurance premiums and investments.
Where does the underlying capital for Sirius International Managing Agency Limited come from?
Capital is sourced from insurance premiums, retained earnings, and group-level investments. As part of the SiriusPoint group, it benefits from public equity markets and debt issuances, rather than a single family fortune.
How does the firm manage risk across its different lines?
Risk management is embedded through underwriting guidelines, exposure limits, and reinsurance purchases. The firm uses actuarial modeling to quantify catastrophe and casualty risks, with diversification across regions and product types to mitigate concentration.
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