Thursday, 29 September 2016
Last updated 3 min ago
Aug 31 2012 | 12:18pm ET
Third Point's year-old reinsurance business continues to grow apace, with the opening of an office in London.
Third Point Re is seeking regulatory approval for the U.K. subsidiary, which will be called Third Point Re Marketing (UK). The reinsurer has hired Clare Himmer, a veteran of International Treaty Reinsurance and Allied World Assurance, to lead the new office.
Himmer will be charged with seeking market opportunities in Europe, the firm said.
“We are thrilled that someone of Clare’s calibre has joined our organisation,” Third Point Re CEO John Berger said. “Her 20 years of experience in the field of international reinsurance and her network of market relationships will make her a critical player in expanding our business.”
Third Point Re, which provides permanent capital to Third Point, opened last year with $500 million in financing and has been growing rapidly. The firm launched a property catastrophe business in April, led by former Goldman Sachs executive Manoj Gupta, and last month hired two more industry veterans.