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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

Third Point Re 2017 Q1 Earnings Results

Third Point Re 2017 Q1 Earnings Results

Bermuda-based Third Point Reinsurance Ltd. announced results for its first quarter ended March 31, 2017. Third Point Re reported net income of $104.2 million, or $0.98 per diluted common share, for the first quarter of 2017, compared to a net loss of $51.1 million, or $[0.49] per diluted common share, for the first quarter of 2016. For the three months... Read more of this article

A.M. Best Affirms Ratings Of Third Point Re

A.M. Best Affirms Ratings Of Third Point Re

A.M. Best has 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. [TPRCL] [Bermuda] and Third Point Reinsurance [USA] Ltd. [TPRUSA] [Bermuda]. A.M. Best also has affirmed the Long-Term ICRs of “bbb-” of Third Point Re [USA] Holdings,... Read more of this article

Third Point Re 2016 Q4 Earnings Results

Third Point Re 2016 Q4 Earnings Results

Bermuda-based Third Point Reinsurance Ltd. announced results for its fourth quarter ended December 31, 2016. Third Point Re reported a net loss of $46.7 million, or $[0.45] per diluted common share, for the fourth quarter of 2016, compared to net income of $42.2 million, or $0.39 per diluted common share, for the fourth quarter of 2015. For the year... Read more of this article

Berger To Step Down As Third Point Re CEO

Berger To Step Down As Third Point Re CEO

Bermuda-based Third Point Reinsurance Ltd. announced that John Berger, Chairman and Chief Executive Officer, will be stepping down as CEO effective March 1, 2017. Mr. Berger will retain an active role in the Company. He will remain Chairman of the Board and Chairman of the Underwriting Committee. Robert Bredahl, currently President and Chief Operating... Read more of this article

Third Point Re 2016 Q3 Income: $72.1 Million

Third Point Re 2016 Q3 Income: $72.1 Million

Bermuda-based Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2016. Third Point Re reported net income of $72.1 million, or $0.68 per diluted common share, for the third quarter of 2016, compared to a net loss of $195.7 million, or $[1.88] per diluted common share, for the third quarter of 2015. For the nine... Read more of this article