Sirius International Insurance Group Notifies Delek Group of option exercise to acquire all of its holdings in The Phoenix – The Transaction is subject to Regulatory approval
As part of the agreement, Sirius conducted a due diligence investigation of The
It is also important to note that in accordance with the agreement, Sirius has submitted all regulatory applications, filings and notices to the Israeli Commissioner of the Capital Markets, Insurance and Savings, Insurance Agencies Division, the
As Sirius undertook, the applications were filed 45 days after the date it signed the binding agreement with
Sirius is represented in
About
Sirius is a 72-year-old global (re)insurance company. It was founded in 1945 in
Sirius is globally licensed and overseen by the following regulatory bodies (among others):
Bermuda Monetary Authority New York Department of Financial Services Swedish Financial Services Authority United Kingdom Prudential Regulatory Authority Monetary Authority of Singapore Hong Kong Commissioner of Insurance.Australia Prudential Regulatory Authority Insurance Department of Tennessee
Sirius has significant experience in insurance and a history of strong regulatory oversight. The company has a strong corporate governance structure. Board and governance structures are consistent with that of a public company and take place at the
The company has over 7,000 treaties and accounts with over 2,000 clients in 140+ countries. It has a unique global reinsurance and specialty platform, with a strong presence in the
The company's global credibility with rating agencies - is reflected in its financial strength ratings:
- Standard & Poor's |
A-, stable outlook |
- A.M. Best |
A, negative outlook |
- Fitch |
A-, stable outlook |
Additional information is available at
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