" SiriusPoint is transferring its runoff business to legacy specialists, allowing us to redeploy capital internally to areas of strategic growth," said Sid Sankaran (pictured), Chairman and Chief Executive Officer of SiriusPoint. " Compre is a practitioner we have known and respected for some time. With their new ownership and equity they are in an ideal position to benefit from our runoff portfolio. I am very pleased our transaction creates opportunities for both of our businesses." Compre CEO Will Bridger said: "I am delighted to announce this strategic milestone for Compre and Pallas Re.