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SiriusPoint announces first partnership with advisory firm Hestia Capital
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Specialty Insurer and Reinsurer SiriusPoint Launches with Over $3bn in Capital
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Third Point Re Announces Fourth Quarter 2020 Earnings Results
Net income of $134.4 million, or $1.43 per diluted common share, for the fourth quarter of 2020
Return on beginning shareholders equity of 9.4% for the fourth quarter of 2020
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HAMILTON, Bermuda, Feb. 23, 2021 /PRNewswire/ Third Point Reinsurance Ltd. ( Third Point Re or the Company ) (NYSE:TPRE) today announced results for its fourth quarter ended December 31, 2020.
Earnings Summary
Third Point Re reported net income available to common shareholders of $134.4 million, or $1.43 per diluted common share, for the three months ended December 31, 2020, compared to net income available to common shareholders of $29.7 million, or $0.32 per diluted common share, for the three months ended December 31, 2019. For the year ended December 31, 2020, Third Point Re reported net income available to common shareholders of $143.5 million, or $1.53 per diluted common share
Third Point Re Hires 3 Senior Leaders Ahead of Anticipated Merger with Sirius February 9, 2021
Third Point Reinsurance Ltd., a Bermuda-based specialty reinsurer, announced it has made three senior hires to strengthen its existing leadership team, ahead of the company’s anticipated merger transaction with Sirius International Insurance Group Ltd., to form SiriusPoint Ltd.
Tim Mardon will join the senior underwriting team at SiriusPoint as global head of Property Reinsurance. He will be based in Bermuda, subject to Bermuda Immigration approval. Mardon brings more than 22 years of experience in the reinsurance industry. He joins from Chubb Tempest Re Bermuda, where he was division president, responsible for all operating aspects of the company’s Bermuda-based Property and Casualty reinsurance business. Mardon is expected to join the company in the second quarter of 2021.
Third Point Re appoints Tim Mardon
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