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AM Best Removes from Under Review with Developing Implications and Affirms Credit Ratings of SiriusPoint Ltd and Its Rated Subsidiaries
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Third Point Re CEO to be head of runoff at SiriusPoint
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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 Announces Appointments to SiriusPoint Leadership Team February 22, 2021
The leadership team announcements are:
Dan Malloy, president, Global Distribution and head of Runoff. Malloy will be responsible for distribution and business development, and broker and client engagement. He will also oversee SiriusPoint’s runoff division. He will be based in Bermuda, subject to Bermuda Immigration approval. Malloy is the current chief executive officer at Third Point Re.
David Govrin, global chief underwriting officer and president, Americas Reinsurance. Govrin is currently president, Third Point Reinsurance (USA) Ltd. and head of Business Development, Third Point Reinsurance Ltd. He is based in the U.S.
Third Point Reinsurance Ltd : Announces Date for Fourth Quarter and Full Year 2020 Earnings Release
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