Third Point Re and Hiscox join forces
Third Point Reinsurance and Hiscox Bermuda will partner in the development of a new fund management business dedicated to catastrophe reinsurance business.
The entity will be called Third Point Reinsurance Investment Management.
Hiscox will be a shareholder of the recently established Third Point Reinsurance Investment Management in the new firm and intends to make a substantial investment in the Third Point Reinsurance Opportunities Fund, the initial fund entity launched.
John Berger, chief executive officer of Third Point Reinsurance, said 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.
Jeremy Pinchin, chief executive officer at Hiscox Bermuda, added: “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.”
