Third Point Reinsurance Ltd. Announces Appointment of Mark Parkin, Neil
McConachie and Rafe de la Gueronniere as Directors
HAMILTON, Bermuda, Nov. 7, 2013
HAMILTON, Bermuda, Nov. 7, 2013 /PRNewswire/ -- Third Point Reinsurance Ltd.
(NYSE: TPRE) (the "Company") and its wholly owned subsidiary Third Point
Reinsurance Company Ltd. announced today that each of them has appointed, Mark
Parkin, Neil McConachie and Rafe de la Gueronniere to its Board of Directors.
Mr. Mark Parkin was employed by Deloitte &Touche LLP (and its predecessor
Touche Ross & Co.) for 37 years. For 26 years of his tenure, Mr. Parkin was a
Partner of the firm serving audit clients who were primarily operating in the
insurance industry. Mr. Parkin served as the Managing Partner of Deloitte
&Touche LLP's Insurance Audit and Enterprise Risk Services practice from 2009
to 2012, and as its Insurance Industry Professional Practice Director from
2006 to 2008. He is a CPA and a graduate of the University of Illinois (B.A.
– English; MAS – Accountancy). Mr. Parkin was the Chairman of the AICPA
Property and Liability Insurance Entities Audit and Accounting Guide Overhaul
Task Force and a member of the AICPA's Insurance Expert Panel, Deposit
Accounting Task Force and Reinsurance Accounting and Auditing Task Force.
Mr. Neil McConachie worked at the Lancashire Group from February 2006 to June
2012 and during that time held the roles of CFO, CRO, COO and President. He
also served as an executive member of the Board of Directors. Mr. McConachie
was previously Senior Vice President, Treasurer and Chief Accounting Officer
of Montpelier Re Holdings Ltd. He has had extensive involvement in debt and
equity capital markets transactions, including the Initial Public Offerings of
Lancashire and Montpelier. Prior to joining Montpelier, Mr. McConachie worked
for PricewaterhouseCoopers in London and Bermuda and at Stockton Holdings
Limited. Mr. McConachie has a B.A. in Accounting and Finance from Heriot-Watt
University and an M.B.A from Edinburgh Business School.
Mr. Rafe de la Gueronniere is Managing Director and Co-Founder of New
Providence Asset Management. Previously, Mr. de la Gueronniere was a Principal
at the Mariner Investment Group, Chairman of the Discount Corporation of New
York, and a Member of the Management Committee and Board at Paine Webber,
Inc. He began his career at J.P. Morgan & Co. where he was a Senior Vice
President responsible for the fixed income and precious metals businesses.
Currently, Mr. de la Gueronniere is a member of the Investment Committee of
the John D. and Catherine T. MacArthur Foundation. He formerly served as a
Trustee and Investment Committee Chair for both the Taft School and the Far
Hills Country Day School and was a longstanding member of the U.S. Treasury
Debt Management Advisory Committee. Mr. de la Gueronniere earned his B.A. from
Brown University. Mr. de la Gueronniere has more than 30 years of experience
in fixed income, equity investing, foreign exchange, and the precious metals
About the Company
The Company is a public company listed on the New York Stock Exchange which,
through its wholly owned subsidiary Third Point Reinsurance Company Ltd.
("Third Point Re"), writes property and casualty reinsurance business with an
"A-"(Excellent) financial strength rating from A.M. Best Company, Inc. Third
Point Re was incorporated in October 2011 and commenced underwriting business
on January 1, 2012.
Third Point Reinsurance Ltd.
Chief Financial Officer & Chief Operating Officer
SOURCE Third Point Reinsurance Ltd.
Contact: Rob Bredahl, 441-542-3333
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