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Third Point Reinsurance appoints three experienced directors

Bermuda headquartered reinsurance firm Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, has appointed three experienced and senior executives as new members of its board of directors. The three new additions to the board, ex-Lancashire executive Neil McConachie, ex-Deloitte & Touche executive Mark Parkin and read the full article →

Floor on catastrophe reinsurance pricing not yet reached: Greenlight Re CEO

Bart Hedges, CEO of Greenlight Capital Re, the Cayman Islands reinsurance firm backed by hedge fund manager David Einhorn, said that there is room for catastrophe reinsurance pricing to drop further, as the floor on natural catastrophe pricing has not yet been reached. During the hedge fund backed reinsurers third-quarter earnings read the full article →

Greenlight Re strengths partially offset by increased competition: A.M. Best

Greenlight Re, the Cayman Islands domiciled reinsurer, backed by fund manager David Einhorn and his Greenlight Capital, Inc. hedge fund which acts as an investment manager for Greenlight Re, faces increasing competition from new reinsurance companies with similar investment strategies. Rating agency A.M. Best yesterday affirmed Greenlight Reinsurance Ltd's, its subsidiary Greenlight read the full article →

Investment returns boost Third Point Re

Strong investment performance has boosted Bermuda headquartered reinsurance firm Third Point Reinsurance Ltd's share price, after the hedge fund backed reinsurer reported attractive returns from its investment assets managed by hedge fund Third Point LLC. Third Point Re reported a return on its investment assets of 2.5% for September and 17% read the full article →

Capital markets investors boost global reinsurer capital to $510 billion

Global reinsurer capital has risen by 1% so far this year, reaching $510 billion by June 30th according to reinsurance broker Aon Benfield's latest Aon Benfield Aggregate study. The report highlights the impact of the capital markets which have been responsible for boosting reinsurer capital at a time when traditional read the full article →

Third Point Reinsurance IPO raises $276m at low end of pricing

Bermuda headquartered reinsurance firm Third Point Reinsurance Ltd. has priced its initial public offering of shares and raised slightly less than expected at approximately $276m. The hedge fund backed reinsurer sold 22,053,286 common shares at $12.50 per share, the lower end of proposed range. Third Point Re, backed by the Third read the full article →

Third Point Reinsurance announces launch details of IPO offering

Bermuda domiciled reinsurance firm Third Point Reinsurance Ltd., backed by Third Point LLC hedge fund owner Dan Loeb, has announced the details of its initial public offering (IPO) today. The reinsurer will offer 22,222,222 of its common shares at an expected offering price of between $12.50 and $14.50 each. Third Point read the full article →

Third Point Re increases IPO offering to $345m

Third Point Re, the Bermuda domiciled reinsurer backed by Third Point LLC hedge fund owner Dan Loeb, has increased the offering size of its long-awaited IPO to a maximum of $345m. When Third Point Re initially filed its IPO documentation it was hoping for an offering of $250m but it read the full article →

Third Point Re files for IPO, to raise up to $250m

Third Point Re, the Bermuda domiciled reinsurer established with the backing of Thid Point LLC hedge fund owner Dan Loeb, has now filed the paperwork for its expected initial public offering (IPO). The IPO will see Third Point Reinsurance Ltd. seek to raise $250m, or more, in an offering of read the full article →

New hire at Third Point Re to boost capital raising and investor relations

Bermuda based hedge fund backed reinsurer Third Point Re has announced a new hire to its investment management arm, Third Point Reinsurance Investment Management Ltd. The new hire will be responsible for capital raising efforts and investor relations as the firm looks to build out its reinsurance capital management and read the full article →