Latest Thirdpointre Headlines
All the headlines from our Thirdpointre Topic Page, ordered by recency.
Third Point Re Announces Appointments to SiriusPoint Leadership Team
Feb 22 2021 // Third Point Reinsurance Ltd. has announced additional executive and senior underwriting roles at SiriusPoint Ltd., the new company created as a result of the anticipated merger of Third Point Re and Sirius International...
Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius
Feb 9 2021 // Third Point Reinsurance Ltd., a Bermuda-based specialty reinsurer, announced it has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with...
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger
Nov 25 2020 // Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the merger of the two companies. Specialty reinsurer Third Point Re, and Sirius...
Sirius Restructures Management of Global Business Technology Team
Oct 1 2020 // Sirius International Insurance Group Ltd. announced that it has enhanced its Global Business Technology (GBT) team through the restructuring of its global management structure. This expansion will enable the firm to...
Formation of More ‘Class of 2020’ Reinsurers Unlikely
Sep 25 2020 // The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was...
What Ever Happened to Hedge Fund Reinsurers?
Sep 25 2020 // The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of...
Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing
Sep 17 2020 // Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and professional lines insurance. Arcadian said it has received its license from the...
Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M
Aug 7 2020 // Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a definitive agreement for Third Point Re and Sirius Group to combine in a cash...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit
May 20 2020 // Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first time since its...
Suddenly There Is Big Demand for Pandemic Cover, Says Underwriter
Apr 14 2020 // In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey Gibbons, senior vice...
Sirius International Launches Formal Process to Find a Buyer
Mar 30 2020 // Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a strategic review. The company said it has approved the launch of a sales process, after...
Luxury Yacht, Owned by Third Point Re’s Loeb, Damages Belize Coral Reef
Feb 14 2020 // A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous Great Blue Hole, a popular diving site. The 200-foot (61 meter) Samadhi, owned by Third Point founder Loeb, was...
Sirius Expands Facultative Cover, Tapping Underwriters from Asia Capital Re
Dec 24 2019 // Bermuda-based Sirius International Insurance Group Ltd. announced it is expanding its facultative product offerings in the Asian region to better service its clients, beginning in early 2020. Through its office in...
Third Point Re’s Wilson Joins Hamilton to Head U.S. Casualty, Specialty Reinsurance Unit
Oct 1 2019 // Bermuda-based specialty insurer and reinsurer Hamilton Insurance Group announced that Steve Wilson has been appointed senior vice president, head of Casualty & Specialty, for its new U.S. reinsurance platform. Wilson...
Sirius Names Business Leaders, Forms Global Management Committee, to Unify Group
Aug 30 2019 // Sirius Group announced enhancements to unify its global operating structure, which includes the promotions of key leaders to head its business segments. These leaders are responsible for supporting long-term business...
AM Best Affirms Ratings of Third Point Re While Revising Outlook to Negative
May 17 2019 // AM Besthas 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 Bermuda-based Third Point...
Third Point Reinsurance Names Malloy as CEO, Succeeding Bredahl Who Has Resigned
May 10 2019 // Third Point Reinsurance Ltd. (TPRE) has appointed Daniel Malloy as CEO, effective May 10. He succeeds J. Robert Bredahl, whose resignation has been accepted by the board. Bredahl had been TPRE’s CEO since March...
Sirius Int’l Is Insulated from Liquidity Issues at Chinese Parent Firm CMIG: S&P
Feb 12 2019 // Reported liquidity issues at China Minsheng Investment Group (CMIG), the ultimate owner of Sirius International Group, will not affect Sirius Group’s creditworthiness, said a bulletin issued by S&P Global...
Sirius Group Appoints Oberting as CEO, Salamone as CFO
Feb 6 2019 // Sirius International Insurance Group, Ltd., the Bermuda-based multi-line insurance and reinsurance group, announced its board of directors has elected Kernan (Kip) V. Oberting to succeed Allan L. Waters as chief executive...
Sirius Insurance Closes Deal with Easterly, Becomes Public Company
Nov 6 2018 // Sirius International Insurance Group, Ltd., a global multi-line insurance and reinsurance group, has closed the previously announced business combination with the special purpose private asset management company Easterly...
