Third Point Reinsurer Launches Catastrophe Biz.

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.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

Near Term Consolidation In Bullish U.S. Dollar Trend

May 11 2015 | 11:38am ET

The US Dollar is in a multi-year bull market, according to Conor O’Mara, investment...

 

Editor's Note