Third Point Re

Bermuda-based hedge fund strategy reinsurer Third Point Re is to close its ILS fund, the Third Point Reinsurance Opportunities Fund Ltd., folding some of its cat management resources and making an investment into Hiscox’s Kiskadee Investment Managers.

Bermuda-based hedge fund strategy reinsurer Third Point Re has hired experienced executives Thomas Wafer and Jonathan Norton to help it establish and manage a new reinsurance subsidiary with an office in the United States.

Bermuda-based hedge fund strategy reinsurer Third Point Re has reported mixed results, with growing income from its ILS & catastrophe fund, continued combined ratio improvement in its reinsurance business, offset by a reduction in investment return.

Bermuda-based hedge fund backed reinsurance firm Third Point Re is looking to establish a U.S. presence, either through establishing a separate U.S. domiciled company or a Bermudian entity which is a U.S. tax payer, to improve access to business.

Bermuda-based property and casualty reinsurance firm Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, has improved its combined ratio in the second quarter but the hedge funds investment results declined.

Bermuda-based property and casualty reinsurance firm Third Point Re, backed by hedge fund manager Dan Loeb’s Third Point LLC, is limiting the size of its catastrophe investment fund, citing deteriorating market conditions.

Bermuda-based hedge fund backed property and casualty reinsurance firm Third Point Reinsurance Ltd., generated an 11.4% return for investors in its catastrophe investment fund in 2013, according to the firm’s executives.

Bermuda-based property and casualty reinsurance firm Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, reported a 129% increase in net income for the full-year 2013.

Bermuda-based provider of property and casualty reinsurance Third Point Reinsurance Ltd., which is backed by hedge fund manager Dan Loeb’s Third Point LLC, has announced the appointment of Mark Parkin as Chairman of its Audit Committee.

Bermuda-based provider of property and casualty reinsurance Third Point Reinsurance Ltd., backed by hedge fund manager Dan Loeb’s Third Point LLC, has hired Nicholas Campbell as Senior Vice President, Underwriting.