Hashtag: #ThirdPointReinsurance

Third Point Re Q2 Earnings, Board Updates

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 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 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

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 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

SPCA Gets Christmas Gift From Third Point Re

SPCA Gets Christmas Gift From Third Point Re

Christmas came early for animal welfare charity SPCA [Society for the Prevention of Cruelty to Animals] following a recent ‘lunch and learn’ session at Third Point Reinsurance. Staff at the Hamilton-based specialty property and casualty reinsurer surprised SPCA Executive Director Kate Terceira and Board member Louisa Knight with a wheelbarrow full... Read more of this article

Third Point Re Volunteers Time & Donates $40K

Third Point Re Volunteers Time & Donates $40K

Staff of Third Point Reinsurance Ltd. swapped their desks and computers for cleaning and gardening tools last week as they helped clean up Trunk Island, the Bermuda Zoological Society’s [BZS] “living classroom” in Harrington Sound, with the company also announcing that it will make a $40,000 donation to the project. A total of 19 staff members... Read more of this article

Third Point To Sponsor St Johns At Pride Parade

Third Point To Sponsor St Johns At Pride Parade

Third Point Reinsurance today announced that it will “sponsor the St John Ambulance service at this year’s Bermuda Pride.” “The theme of the Bermuda Pride Parade is ‘We Belong,’ which echoes Third Point Re’s initiative to foster a progressive and inclusive working environment. We strive to ensure that our people feel valued... Read more of this article

Third Point Re Report Q2 Earnings Results

Third Point Re Report Q2 Earnings Results

Third Point Re, a specialty property and casualty reinsurer headquartered in Bermuda, reported net income available to common shareholders of $53.1 million, or $0.57 per diluted common share, for the three months ended June 30, 2019, compared to net income available to common shareholders of $19.6 million, or $0.19 per diluted common share, for the... Read more of this article

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