Sirius to redeem $250 million perpetual preference shares on Oct. 25

By Sarah Lizee

Olympia, Wash. Sept. 25 – Sirius International Insurance Group, Ltd. said subsidiary Sirius International Group, Ltd. plans to redeem all $250 million of its fixed/floating perpetual noncumulative preference shares, according to a company release.

The preference shares will be redeemed on Oct. 25 at a redemption price equal to the $1,000 liquidation preference per share.

Sirius is a Bermuda-based holding company for reinsurance operations in Bermuda, Stockholm, New York and London.

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