Reinsurer SiriusPoint has agreed to divest its 49% equity stake in Arcadian Risk Capital, a managing general agent, to Lee Equity Partners in a deal valued at $139m. The transaction includes an extended capacity agreement with Arcadian, set to last until the end of 2031. Established in Bermuda in 2020 by industry veteran John Boylan, Arcadian has an underwriting portfolio that includes general liability, excess and surplus casualty, professional liability and property insurance. The company operates acr ...