Third Point Re Plans U.S. Push

Dec 9 2014 | 6:50am ET

Third Point’s reinsurance arm is expanding to the U.S.

Third Point Re has hired a pair of executives to establish a base in the U.S. Jonathan Norton and Tom Wafer worked together at Alterra Capital Holdings until last year, when that firm was acquired by Markel Corp. The duo were also colleagues at Harbor Point prior to the 2010 merger with Max Capital Group that created Alterra.

It is unclear where the U.S. subsidiary will be based, Insurance Journal reports.

Third Point set up its namesake reinsurer in 2012 and took it public last year.

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