Wednesday, 23 July 2014
Last updated 44 min ago
Apr 19 2012 | 10:36am ET
Third Point's new reinsurer is getting into the property catastrophe business.
Bermuda-based Third Point Re has hired Manoj Gupta to lead the US$50 million "side-pocket" vehicle, Trading Risk reports. Gupta formerly worked at Goldman Sachs, were he led its $500 million side-pocket, known as a sidecar, Steamboat Re.
New York-based Third Point raised about $500 million for the reinsurer last year. The new company provides permanent capital to Third Point's hedge funds. It is led by former Alterra Capital Holdings reinsurance CEO John Berger.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…