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Significant transactions
3 Months Ended
Mar. 31, 2020
Significant transactions  
Significant transactions
Significant transactions
Loss portfolio transfer

On January 23, 2020, Sirius Group entered into a loss portfolio transfer with Pacific Re, Inc. Under the agreement, Sirius Group received $69.7 million in cash and assumed net undiscounted loss and LAE reserves with the same value. In addition, Sirius Group recognized Gross written premium and Loss and losses adjustment expenses for $69.7 million.