Hashtag: #ThirdPointReinsurance

AM Best Affirms Credit Ratings Of Third Point Re

AM Best Affirms Credit Ratings Of Third Point Re

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a-” of Third Point Reinsurance Company Ltd. [Bermuda] and Third Point Reinsurance [USA] Ltd. AM Best also has revised the outlooks to negative from stable and affirmed the... Read more of this article

Third Point Re Announces Q1 Earnings Results

Third Point Re Announces Q1 Earnings Results

Bermuda-based Third Point Reinsurance Ltd. [TPRE] announced results for its first quarter ended March 31, 2019. Third Point Re reported net income available to common shareholders of $132.9 million, or $1.43 per diluted common share, for the three months ended March 31, 2019, compared to a net loss attributable to common shareholders of $26.0 million,... Read more of this article

Third Point Re Announces CEO Transition

Third Point Re Announces CEO Transition

Third Point Reinsurance Ltd. [TPRE] announced that its Board of Directors will appoint Daniel Malloy, currently CEO of the Company’s main operating subsidiary, Third Point Reinsurance Company Ltd., as chief executive officer of Third Point Reinsurance Ltd. effective May 10, 2019. Malloy will succeed J. Robert Bredahl, whose resignation has been... Read more of this article

Afford & Lopes Join Third Point Reinsurance

Afford & Lopes Join Third Point Reinsurance

Third Point Reinsurance Ltd. [TPRE] announced two appointments to its Specialty Treaty division. Rachael Afford and Melanie Lopes have joined as Vice President and Underwriter respectively. Both report to Tracey Gibbons, head of Specialty Reinsurance. Dan Malloy, CEO of Third Point Reinsurance Company Ltd, the Company’s Bermuda based operating subsidiary,... Read more of this article

Tracey Gibbons Joins Third Point Reinsurance

Tracey Gibbons Joins Third Point Reinsurance

Third Point Reinsurance Company Ltd. [TPRE] has hired Tracey Gibbons to lead its specialty treaty portfolio. The portfolio will initially include workers compensation catastrophe, PA/Life catastrophe and other niche lines of business including, but not limited to, contingency and political violence. She reports to Dan Malloy, Chief Executive Officer... Read more of this article

Third Point Re Report Q2 Earnings Results

Third Point Re Report Q2 Earnings Results

Bermuda-based Third Point Reinsurance Ltd. announced results for its second quarter ended June 30, 2018. Third Point Re reported net income available to common shareholders of $19.6 million, or $0.19 per diluted common share, for the three months ended June 30, 2018, compared to net income of $74.6 million, or $0.71 per diluted common share, for the... Read more of this article

Third Point Re Appoint Drury And Wilson

Third Point Re Appoint Drury And Wilson

Third Point Reinsurance Ltd. announced that David Drury and Steven Wilson have each been appointed to the position of Senior Vice President, Underwriting. Robert Bredahl, President and Chief Executive Officer of Third Point Re, commented, “We are very excited to have David and Steven join the Company as they bring proven track records and significant... Read more of this article

Third Point Re 2018 Q1 Earnings Results

Third Point Re 2018 Q1 Earnings Results

Bermuda-based Third Point Reinsurance Ltd. announced results for its first quarter ended March 31, 2018. Third Point Re reported a net loss available to common shareholders of $26.0 million, or $[0.26] per diluted common share, for the three months ended March 31, 2018, compared to net income of $104.2 million, or $0.98 per diluted common share, for... Read more of this article

Third Point Re 2017 Q4: $44.3M Net Income

Third Point Re 2017 Q4: $44.3M Net Income

Bermuda-based Third Point Reinsurance Ltd. announced results for its fourth quarter ended December 31, 2017. Third Point Re reported net income available to common shareholders of $44.3 million, or $0.42 per diluted common share, for the three months ended December 31, 2017, compared to a net loss of $46.7 million, or $[0.45] per diluted... Read more of this article

Board Changes At Third Point Reinsurance

Board Changes At Third Point Reinsurance

Bermuda-based Third Point Reinsurance Ltd. announced that Mr. Christopher L. Collins will be stepping down from the Board of Directors effective December 12, 2017. Mr. Collins is a Managing Director at Kelso & Company, a founding private equity investor of Third Point Re. The Company also announced that Mr. Neil McConachie has been appointed... Read more of this article

Board Changes At Third Point Reinsurance

Board Changes At Third Point Reinsurance

Third Point Reinsurance announced that John Berger, Chairman of the Board of Directors, will be stepping down from the Board effective December 22, 2017, at the end of the term of his Chairman’s Agreement. Steven Fass, currently on the Board, will succeed Mr. Berger as interim Chairman as of December 22, 2017. Robert Bredahl, currently President... Read more of this article

Third Point Re 2017 Q3: $54.7M Net Income

Third Point Re 2017 Q3: $54.7M Net Income

Bermuda-based Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2017. Third Point Re reported net income available to common shareholders of $54.7 million, or $0.52 per diluted common share, for the three months ended September 30, 2017, compared to $72.1 million, or $0.68 per diluted common share, for... Read more of this article

Third Point Re Q3 Loss Estimate Under $10M

Third Point Re Q3 Loss Estimate Under $10M

Bermuda-based Third Point Reinsurance Ltd. announced that its initial net loss estimate from third quarter catastrophes is expected to be less than $10 million. “Third Point Re does not write any catastrophe excess of loss contracts and had only modest losses from the recent catastrophe events,” commented Rob Bredahl, President and Chief... Read more of this article