Third Point Re Eyes U.S. Arm

Sep 9 2014 | 6:37am ET

Third Point’s reinsurance business is mulling an entrance into the U.S. markets.

An American presence for Third Point Re would take the form of either a separate, U.S.-domiciled company or a Bermuda company that pays U.S. taxes, Artmeis reports. CEO John Berger told a recent insurance conference that, “as an offshore company, we’re really restricted on what our people can do in the United States. There’s no substitute for having people on the ground talking to people.”

Third Point Re hopes to double its premiums from US$500 million to US$1 billion. A U.S. office would be a key aspect of that growth.

Third Point set up its reinsurance arm three years ago. Third Point Re invests its premiums with the activist hedge fund, giving Third Point a source of permanent capital. Third Point Re went public last year.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of