Third Point Reinsurance Opportunities Fund Ltd.

The global financial market investment volatility that has hit hedge fund reinsurance firms returns in recent months have translated into a loss for the third-quarter at Bermuda-headquartered Third Point Re.

Bermuda-headquartered hedge fund strategy reinsurance firm Third Point Re, backed by Daniel Loeb’s Third Point LLC, had a good first-quarter thanks to a lower combined ratio and good investment results, while the wind-down of its catastrophe ILS fund continues.

Bermuda-located hedge fund strategy reinsurance firm Third Point Re slipped to a loss on lower investment returns in Q4. However, key indicators show ongoing improvement in underwriting returns and even the soon-to-close ILS fund contributed positively again.

Bermuda-based hedge fund strategy reinsurer Third Point Re has begun the process of closing its catastrophe investment fund, part of which involves investing in Hiscox’s Kiskadee ILS platform, with the first $5m having been invested on January 2nd.

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 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.