Third Point Reinsurance and Hiscox Bermuda have announced their partnership in the development of a catastrophe reinsurance fund management business.
Hiscox Bermuda will be a shareholder of the recently established Third Point Reinsurance Investment Management, and intends to make a significant investment in the Third Point Reinsurance Opportunities Fund, the initial fund entity that has been launched.
John Berger, chief executive officer of Third Point Reinsurance said that the company was thrilled to be teaming up with Hiscox on this project.
“Hiscox is one of the best reinsurance groups in the world and we look forward to developing a catastrophe reinsurance fund business with them,” he said.
“Finding innovative ways to bring fresh sources of capital to the market is a key objective of ours, it gives our clients and broker partners more opportunities to work with us. We look forward to developing a successful partnership with Third Point Reinsurance Ltd”, added Jeremy Pinchin, chief executive officer at Hiscox Bermuda.
To continue reading, you need a subscription to Intelligent Insurer. Start a subscription today for £655.
In-house feature articles, the archive and expert comment require a paid subscription. Subscribe now.
Want to give it a try? We are offering a two week free trial to the Intelligent Insurer website – register and select “Two Week Free Trial” to begin access to the full Intelligent Insurer archive and read the latest news, features and expert comment. Begin your free trial here.
Is your 2 week free trial about to end? Upgrade to a 12 month subscription for £655 now.
If you have already subscribed please login.
If you have any technical issues please contact support.
Third Point Reinsurance, Hiscox Bermuda, partnership, cat fund