Hashtag: #ThirdPointReinsurance
SiriusPoint Acknowledges Indication Of Interest
SiriusPoint Ltd. has acknowledged an indication of interest from Third Point LLC to “explore a potential acquisition of all, or substantially all, of the outstanding Common Shares of the Company.” A spokesperson said, “SiriusPoint Ltd. has acknowledged an indication of interest from Third Point LLC and certain of its affiliates, disclosed... Read more of this article
Video: SiriusPoint Rings Opening Bell Of NYSE
Sid Sankaran, Chief Executive Officer and Chairman of SiriusPoint, rang the Opening Bell of the New York Stock Exchange on Tuesday March 16, to celebrate the formation of the company and its listing under the NYSE ticker symbol SPNT. The Bermuda-headquartered company was formed from the merger between Third Point Reinsurance Ltd. and Sirius International... Read more of this article
SiriusPoint Launches With Over $3B In Capital
SiriusPoint Ltd., an international specialty insurance and reinsurance company, has launched with over $3 billion in initial capital. “The Bermuda-based Company has been formed as the result of the previously announced merger between Third Point Reinsurance Ltd., a specialty reinsurer, and Sirius International Insurance Group, Ltd., a global multi-line... Read more of this article
Third Point Re Appointments To SiriusPoint Team
Third Point Reinsurance Ltd. announced further executive and senior underwriting roles at SiriusPoint Ltd., ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd. The company said, “The leadership team announcements are: Dan Malloy, President, Global Distribution and Head of Runoff. Mr. Malloy... Read more of this article
Third Point Changes NYSE Ticker Symbol
Third Point Reinsurance Ltd. announced that, upon completion of its previously announced merger with Sirius International Insurance Group, Ltd. and in conjunction with the related change of its name to SiriusPoint Ltd., the Company will change its NYSE ticker symbol to “SPNT”. The new symbol is expected to become effective as of the opening... Read more of this article
Third Point Re Hires Mardon, Gangu & Dugan
Third Point Reinsurance has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd. to form SiriusPoint Ltd. “Tim Mardon will join the senior underwriting team at SiriusPoint as Global Head of Property Reinsurance. He will be... Read more of this article
Third Point Re Donates $325,000 To Non-Profits
Third Point Reinsurance has made donations totaling $325,000 to registered non-profits in Bermuda, the USA and the UK as part of an employee matching initiative. A spokesperson said, “Third Point Reinsurance Ltd. [Third Point Re], a specialty reinsurer, has announced donations totaling $325,000 to registered non-profits in Bermuda, the USA and... Read more of this article
Third Point Re Announces Q3 Earnings Results
Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2020. “Third Point Re reported net income available to common shareholders of $68.7 million, or $0.73 per diluted common share, for the three months ended September 30, 2020, compared to a net loss attributable to common shareholders of $15.1 million, or... Read more of this article
Third Point Re To Hold Special General Meeting
Third Point Reinsurance will hold a special general meeting on November 23 where shareholders will vote on matters in connection with the previously announced merger transaction with Sirius International Insurance Group. A spokesperson said, “Third Point Reinsurance Ltd. announced today that it will hold a special general meeting of shareholders... Read more of this article
Third Point Re Donates $20,000 To WindReach
WindReach — the non-profit that provides therapeutic and educational programmes to help enrich the quality of life of individuals living with special needs — has received a $20,000 donation from Third Point Reinsurance Ltd. The organization explained that the financial contribution will directly support the operations of WindReach’s Life... Read more of this article
TPRE Announces Partnership With Arcadian Risk
Third Point Reinsurance Ltd. [TPRE] today [Sept 17] announced an investment in Arcadian Risk Capital Ltd.. A spokesperson said, “Third Point Reinsurance Ltd. [TPRE] today announced an investment in Arcadian Risk Capital Ltd. [“Arcadian” or “Arcadian Risk”], a start-up led by John Boylan, a well-known industry executive with a 30-year track... Read more of this article
Third Point Re Q2 Earnings, Board Updates
Third Point Reinsurance Ltd. [Third Point Re] today announced results for its second quarter ended June 30, 2020. Earnings Summary Third Point Re reported net income available to common shareholders of $124.0 million, or $1.33 per diluted common share, for the three months ended June 30, 2020, compared to net income available to common shareholders... Read more of this article
Third Point Re & Sirius Group To Combine
Third Point Reinsurance Ltd. and Sirius International Insurance Group, Ltd. have “entered into a definitive agreement to combine in a cash and stock transaction.” A spokesperson said, “Third Point Reinsurance Ltd. [Third Point Re], a specialty reinsurer, and Sirius International Insurance Group, Ltd. [Sirius Group], a global multi-line... Read more of this article
AM Best Affirms Credit Ratings Of Third Point Re
AM Best has affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings of “a-” of Third Point Reinsurance Company Ltd. AM Best also has affirmed the Long-Term ICRs of “bbb-” of Third Point Re [USA] Holdings, Inc. [TP USA] [Wilmington, DE] and its ultimate holding company, Third Point Reinsurance Ltd. [TPRE]... Read more of this article
Covid-19: Third Point Re Donates $65,000
Third Point Reinsurance is donating $55,000 to the Bermuda Covid-19 Emergency Fund and have also donated $10,000 to the Bermuda Hospitals Board. A spokesperson said, “Third Point Reinsurance Ltd, a Bermuda-based reinsurance company, has announced the donation of $55,000 to the Bermuda Covid-19 Emergency Fund. The fund was created by the Bermuda... Read more of this article
Third Point Re Announces Q4 Earnings Results
Third Point Reinsurance Ltd. [TPRE] announced results for its fourth quarter ended December 31, 2019. Third Point Re reported net income available to common shareholders of $29.7 million, or $0.32 per diluted common share, for the three months ended December 31, 2019, compared to a net loss attributable to common shareholders of $298.0 million, or... Read more of this article
