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August 01, 2015 5:24 PM ET

Insurance

Company Overview of Third Point Reinsurance Ltd.

Company Overview

Third Point Reinsurance Ltd., through its subsidiaries, provides various specialty property and casualty reinsurance products in the Americas, Europe, the Middle East, Africa, and Asia. The company operates in two segments, Property and Casualty Reinsurance, and Catastrophe Risk Management. The Property and Casualty Reinsurance segment underwrites property, personal automobile, workers compensation, homeowners’, crop insurance, mortgage insurance, extended warranty insurance, and multi-line reinsurance for insurance and reinsurance companies. The Catastrophe Risk Management segment underwrites property catastrophe exposures; and writes excess of loss catastrophe reinsurance. The company was ...

The Waterfront

Chesney House

96 Pitts Bay Road

Pembroke,  HM 08

Bermuda

Founded in 2011

23 Employees

Phone:

441-542-3300

Key Executives for Third Point Reinsurance Ltd.

Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Underwriting Committee, Member of Investment & Finance Committee and Chief Executive Officer of Third Point Reinsurance (USA) Ltd
Age: 63
Total Annual Compensation: $1.3M
President, Chief Operating Officer, President of Third Point Reinsurance Company Ltd and Chief Underwriting Officer of Third Point Reinsurance Company Ltd
Age: 52
Total Annual Compensation: $1.1M
Chief Financial Officer
Age: 41
Total Annual Compensation: $560.0K
Executive Vice President of Underwriting
Age: 55
Total Annual Compensation: $900.0K
Head of Investor Relations & Business Development
Age: 39
Total Annual Compensation: $750.0K
Compensation as of Fiscal Year 2014.

Third Point Reinsurance Ltd. Key Developments

Third Point Reinsurance Ltd. Announces Resignation of Neil McConachie as Board of Directors

Third Point Reinsurance Ltd. announced that Mr. Neil McConachie resigned from its Board of Directors, effective as of June 9, 2015, to pursue an opportunity with Fidelis Insurance Holdings Limited. Mr. McConachie joined the Board in November 2013 and during his tenure has served as the Chairman of the Governance and Nominating Committee and as a member of the Compensation and Risk Committees.

Third Point Reinsurance Ltd. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:45 AM

Third Point Reinsurance Ltd. Presents at Morgan Stanley Financials Conference 2015, Jun-09-2015 09:45 AM. Venue: The Waldorf-Astoria Hotel, 301 Park Avenue at 50th Street, New York City, New York, United States. Speakers: Christopher S. Coleman, Chief Financial Officer, John R. Berger, Chairman, Chief Executive Officer, Chairman of Executive Committee, Chairman of Underwriting Committee, Member of Investment & Finance Committee and Chief Executive Officer of Third Point Reinsurance (USA) Ltd.

Third Point Reinsurance Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Third Point Reinsurance Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net investment income was $64,918,000 compared to $50,035,000 last year. Gross premiums written were $213,334,000 compared to $87,587,000 last year. Net premiums written were $213,282,000 compared to $87,587,000 last year. Net premiums earned were $139,075,000 compared to $73,262,000 last year. Total revenues were $203,993,000 compared to $123,297,000 last year. Income before income tax expense was $52,338,000 compared with $40,795,000 a year ago. Net income of $50,470 or $0.47 per diluted share compared with $39,779,000, or $0.37 per diluted share, for the first quarter of 2014, an increase of 26.9. For the three months ended March 31, 2015, diluted book value per share increased by $0.42 per share, or 3.1%, to $13.97 per share from $13.55 per share as of December 31, 2014. Return on beginning shareholders' equity was 305% compared to 2.9% last year. Return on investments managed by Third Point LLC was 3.0% compared to 3.1% last year.

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