Third Point Re Hires Two

Aug 14 2012 | 12:21pm ET

Third Point's reinsurance business has hired a pair of industry veterans.

Bermuda-based Third Point Re, which the hedge fund launched last year, has added Bryan Bumsted and Chris Conway. Bumsted is a retrocession underwriter at Q Re, and Conway was assistant vice president of reinsurance underwriting at Axis Re Bermuda, Artemis reports.

Third Point raised about $500 million for the new business, which is led by John Berger as chief investment officer. The company went into the property catastrophe business in April, setting up a $50 million side-pocket that is headed by former Goldman Sachs executive Manoj Gupta.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…