Hashtag: #ThirdPointReinsurance
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
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 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
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
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
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
William Spiegel Resigns From Third Point Board
Third Point Reinsurance Ltd. announced that William Spiegel resigns from its Board of Directors effective as of September 1, 2016. Mr. Spiegel is Co-President of New York-based Pine Brook Road Partners LLC, a founding private equity investor of the Company. Upon Mr. Spiegel’s resignation, the Board will include eight directors. Mr. Spiegel joined... Read more of this article
Third Point Re 2016 Q2 Earnings Results
Bermuda-based Third Point Reinsurance Ltd. announced results for its second quarter ended June 30, 2016. Third Point Re reported net income of $53.4 million, or $0.51 per diluted common share, for the second quarter of 2016, compared to net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015. For the six months... Read more of this article
Third Point Re 2016 Q1: Net Loss Of $51.1M
Bermuda-based Third Point Reinsurance Ltd. announced results for its first quarter ended March 31, 2016. For the three months ended March 31, 2016, Third Point Re reported a net loss of $51.1 million, or $[0.49] per diluted common share, compared with net income of $50.5 million, or $0.47 per diluted common share, for the three months ended March 31,... Read more of this article
A.M. Best Affirms Ratings Of Third Point Re
A.M. Best has affirmed the financial strength rating of A- [Excellent] and the issuer credit ratings [ICR] of “a-” of Third Point Reinsurance Company Ltd. and Third Point Reinsurance Ltd. A.M. Best also has affirmed the ICRs of “bbb-” of Third Point Re Holdings, Inc. and the ultimate holding company, Third Point Reinsurance Ltd. Concurrently,... Read more of this article
Third Point Re 2015 Q3: Net Loss $195.7M
Bermuda-based Third Point Reinsurance Ltd. announced results for its third quarter ended September 30, 2015, reporting a net loss of $195.7 million, or $[1.88] per diluted common share, for the third quarter of 2015, compared with a net loss of $6.0 million, or $[0.06] per diluted common share, for the third quarter of 2014. For the nine months ended... Read more of this article
Third Point Re Appoints Group General Counsel
Third Point Reinsurance Ltd. announced that Janice Weidenborner has been appointed to the position of Executive Vice President and Group General Counsel, effective January 1, 2016. John R. Berger, Chairman and Chief Executive Officer of Third Point Re, commented, “I am pleased to have Janice joining the Company as I believe her substantial experience... Read more of this article
Third Point Re Reports 2015 Q2 Earnings
Third Point Reinsurance Ltd. announced results for its second quarter ended June 30, 2015, with net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015, compared with net income of $31.3 million, or $0.29 per diluted common share, for the second quarter of 2014, a decrease of 49.9%. For the six months ended June... Read more of this article
McConachie Resigns From Third Point Re Board
Third Point Reinsurance Ltd has announced that Mr. Neil McConachie resigned from its Board of Directors effective as of June 9, as he pursues an opportunity with Fidelis Insurance Holdings Limited. Mr. McConachie joined the Board in November 2013 and during his tenure has served as the Chairman of the Governance and Nominating Committee and as a member... Read more of this article
AM Best Affirms Third Point Reinsurance Ratings
A.M. Best has affirmed the financial strength rating of A- [Excellent] and the issuer credit rating 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 ICR of “bbb-” of Third Point Re [USA] Holdings, Inc. [TP USA] [Wilmington, DE] and the... Read more of this article
Third Point Appoints Lead Independent Director
Bermuda-based Third Point Reinsurance Ltd. appointed Steven E. Fass, who has served as a Director of the Company since February 2012, to the newly created position of Lead Independent Director. In this additional role, Mr. Fass will chair non-management executive sessions of the Board, act as a liaison between the Board and executive management of... Read more of this article
