Latest Thirdpointre Headlines
All the headlines from our Thirdpointre Topic Page, ordered by recency.
Sirius Group Plans Nasdaq Listing After Merger with Easterly Acquisition
Jun 26 2018 // Sirius International Insurance Group, Ltd., the Bermuda-based re/insurer, plans to become a publicly listed company, trading on Nasdaq, after a planned merger with Easterly Acquisition Corp. Under the terms of the merger...
Partner Re, RenRe & Third Point Re Estimate Q3 Natural Catastrophe Losses
Oct 6 2017 // Three more reinsurers released their initial loss estimates from third quarter natural catastrophes, which include Hurricanes Harvey, Irma and Maria and the Mexico City earthquake. PartnerRe Ltd. estimates combined...
Third Point Re Names Berkshire Hathaway’s Govrin to U.S. Underwriting Post
Apr 12 2017 // David Govrin has been appointed to the position of executive vice president of underwriting for Third Point Reinsurance (USA) Ltd. Govrin brings 25 years of experience in the insurance industry to his new role. Prior to...
Third Point Re’s Berger to Step Down as CEO, Succeeded by Bredahl
Feb 24 2017 // Third Point Reinsurance Ltd. announced that John Berger, chairman and CEO, will be stepping down as CEO effective March 1, 2017. Robert Bredahl, currently president and chief operating officer, will succeed Berger as CEO...
Third Point Re Shuns M&As Because Many Such ‘Marriages’ End in Divorce
Oct 20 2016 // Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, likened the risk of mergers and acquisitions to picking a spouse without being aware of how much can go wrong. “Just like marriage, in M&A...
Third Point Re’s Q2 Net Income Rises to $53.4M in Biggest Profit Since 2013
Aug 5 2016 // Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income more than tripled to...
Loeb’s Hedge Fund Lowers Fees for Third Point Re
Jun 29 2016 // Third Point Reinsurance Ltd. won lower fees on investments overseen by Dan Loeb’s Third Point LLC, the hedge fund manager that helped start the Bermuda-based reinsurer. Third Point Re will pay a 1.5 percent...
PaCRe Exit Eased Tax Scrutiny on Offshore Reinsurers: Third Point Re CEO
Jun 16 2016 // Dan Loeb’s Third Point Reinsurance Ltd. said scrutiny of the industry’s offshore tax advantage has lessened after hedge fund manager John Paulson closed a venture that stood out as an ” outlier” for...
Loeb’s Third Point Re Reports Q1 Loss of $51.1M – 4th Loss in 7 Quarters
May 6 2016 // Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its fourth loss in seven quarters as the portfolio slumped and underwriting was unprofitable. The...
Hedge Fund Managers Benefit from Fee-Paying Reinsurer Units
Apr 12 2016 // Stock pops or stock drops, there’s always been at least one winner when it comes to Daniel Loeb’s reinsurance company: Daniel Loeb’s hedge fund. Loeb’s Bermuda-based Third Point Reinsurance Ltd....
Hedge Funds Leery of Moves to Limit U.S. Reinsurance Tax Break
Mar 3 2016 // Dan Loeb’s reinsurer cited risks tied to regulation as the Internal Revenue Service and U.S. Senator Ron Wyden work to limit what the lawmaker called a “tax loophole” used by hedge fund managers to route...
Third Point Re Reports 2015 Net Loss of $87.4M on Poor Investment Returns
Feb 26 2016 // Third Point Reinsurance Ltd., which counts on Dan Loeb to oversee investments, swung to a profit in the fourth-quarter as the hedge fund manager’s results improved before a January slump. Net income was $42.2...
Third Point Re’s Stock Falls Below Level of 2013 IPO on Faltering Investments
Jan 7 2016 // Third Point Reinsurance Ltd., which counts on hedge fund manager Dan Loeb to oversee its portfolio, fell below the price of its 2013 initial public offering after investments faltered. The reinsurer tumbled 2.3 percent to...
Investors Now Betting Against Hedge Fund Reinsurers
Dec 16 2015 // The shorts are targeting one of Wall Street’s best known short sellers. Bearish investors have piled on bets against a reinsurer started by hedge fund manager David Einhorn as the company’s losses climbed....
Third Point Re: ‘It’s Tough Out There’ with Ongoing Influx of Capital Market Capacity
Sep 11 2015 // Executives at Dan Loeb’s reinsurer, which is headed for its second-straight annual decline in New York trading, told investors not to count on a quick rebound in the industry as competition...
Third Point Re Reports Q2 Net Income of $15.7M, 49.9% Decline From 2014
Aug 6 2015 // Third Point Reinsurance Ltd., headquartered in Bermuda, reported 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...
Third Point Re CEO: Reinsurance Not as Easy to Enter as Some People Think
Jun 11 2015 // Third Point Reinsurance Ltd., co-founded by hedge-fund manager Dan Loeb, said the company is positioned to withstand competition from other investment firms because the industry isn’t as easy to enter as some people...
Third Point Re Reports Q1 Net Income of $50.5M, Up From $39.8M in Q1 2014
May 8 2015 // Bermuda-based Third Point Reinsurance Ltd. reported first quarter net income of $50.5 million, or $0.47 per diluted common share, compared with net income of $39.8 million, or $0.37 per diluted common share, for the first...
IRS Weighs Rules on Hedge Fund Managers’ Use of Reinsurance
Apr 24 2015 // Hedge fund managers including billionaire John Paulson won’t immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now. The...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS
Apr 24 2015 // Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules published Thursday, said that...
