Anthony Mottolese's questions to SiriusPoint (SPNT) leadership • Q2 2025
Question
Anthony Mottolese from Dowling & Partners asked about the performance metrics required for SiriusPoint to increase its net retention on MGA partnership business and whether the trend of MGA consolidation has impacted the company's model or pipeline.
Answer
CEO Scott Egan emphasized that the primary driver for increasing net retention is whether a program can meet the company's ROE targets. He stressed that this decision is made cautiously over time, based on data, performance, and the strength of the partnership, not on a set formula. He cited a surety partnership as an example where they took a minimal net position for two years before increasing retention. Regarding MGA consolidation, Scott Egan stated that it has had no material impact on their business or pipeline.