Reinsurer SiriusPoint is selling its 49% stake in Arcadian Risk Capital to Lee Equity Partners for $139m. The deal includes a capacity agreement until 2031. Arcadian, founded by John Boylan in 2020, offers various insurance types and operates in Bermuda, Ireland, the UK, and the US.

After the sale, Arcadian’s management and staff will retain a significant share in the company. The transaction is expected to close by Q1 2026, pending standard closing conditions. SiriusPoint anticipates a pre-tax gain of $25m–$30m post-sale, in addition to a $96m gain in Q2 2024.

Arcadian’s earnings before interest, taxes, depreciation, and amortization are $17.6m. SiriusPoint CEO Scott Egan expressed excitement about the partnership with Arcadian and its future under John Boylan. Lee Equity Partner Mark Mauceri looks forward to supporting Arcadian’s growth and building a top-notch underwriting business.

In August 2025, Arden Insurance Services secured capacity backing from SiriusPoint for a new insurance program targeting wildfire risks. The news was originally reported by Life Insurance International.

Read more at Yahoo Finance: SiriusPoint to offload 49% stake in Arcadian Risk for $139m