Monday, 20 October 2014
Last updated 2 days 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...