SiriusPoint (SPNT) sells 49% stake in Arcadian Risk Capital to Lee Equity Partners for $139M, extends capacity agreement until 2031. Pre-tax gain of $25M-30M expected, in addition to $96M gain recognized in Q2 2024. Deal to close before Q1 2026 end, pending regulatory approval and closing conditions. Arcadian produced $17.6M EBITDA.

Read more at Yahoo Finance: SiriusPoint to sell 49% equity stake in Arcadian Risk Capital for $139M