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    Anthony Mottolese • Dowling & Partners

    Anthony Mottolese's questions to Siriuspoint Ltd (SPNT) leadership

    Anthony Mottolese's questions to Siriuspoint Ltd (SPNT) leadership • Q2 2025

    Question

    Anthony Mottolese of Dowling & Partners asked for the specific performance criteria used to decide when to retain more net premium from MGA partnerships and inquired about the impact of MGA consolidation on SiriusPoint's business model.

    Answer

    CEO Scott Egan emphasized that the decision to increase net retention is driven by a program's ability to meet ROE targets and the company's confidence in the partnership, data, and underwriting philosophy over time. He cited a surety partner as an example where they waited two years before increasing net retention. Egan also stated that the trend of MGA consolidation has had no material impact on their business or partnership pipeline.

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    Anthony Mottolese's questions to Siriuspoint Ltd (SPNT) leadership • Q2 2025

    Question

    Anthony Mottolese of Dowling & Partners asked for specifics on the performance metrics required to increase net retention on MGA partnership business and questioned if the trend of MGA consolidation has impacted SiriusPoint's model or pipeline.

    Answer

    CEO Scott Egan stated that the primary driver for increasing net retention is a program's ability to meet ROE targets, combined with confidence in the partnership, data, and underwriting philosophy. He emphasized it's a gradual process, citing a surety partner where they waited nearly two years before increasing their net position. He also noted that profit-sharing arrangements ensure alignment. Egan confirmed that the MGA consolidation trend has had no material impact on their business.

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