Skadden is representing SiriusPoint Ltd., a global specialty insurer and reinsurer, in its agreement to sell its 49% equity stake in managing general agent Arcadian Risk Capital to Lee Equity Partners. SiriusPoint has also renewed and extended its capacity agreement with Arcadian until at least the end of 2031.
The deal is expected to close prior to the end of the first quarter of 2026, subject to regulatory approvals and satisfaction of customary closing conditions.
The Skadden team includes Todd Freed, Robert Chaplin and Sebastian FitzGerald.