Third Point Reinsurance Ltd. Announces Pricing of Offering of 15,000,000 Common Shares By Selling Shareholders Tue, 14 Nov 2017 15:37:00 +0000 HAMILTON, Bermuda, Nov. 14, 2017 /PRNewswire/ -- Third Point Reinsurance Ltd. (TPRE) ("TPRE" or the "Company") today announced the pricing of the previously announced underwritten secondary public offering of an aggregate of 15,000,000 of the Company's common shares (representing approximately 14.0% of its issued and outstanding shares) by KIA TP Holdings, L.P. and KEP TP Holdings, L.P. (collectively, the "Selling Shareholders") to J.P. Morgan Securities LLC, as sole underwriter. J.P. Morgan Securities LLC intends to offer for sale the shares of common shares at a price to the public of $15.75 per share. J.P. Morgan Securities LLC has the option to buy an additional 2,250,000 shares from the Selling Shareholders for 30 days after the offering.
Third Point Reinsurance Ltd. Announces Offering of 15,000,000 Common Shares by Selling Shareholders Mon, 13 Nov 2017 21:34:00 +0000 HAMILTON, Bermuda, Nov. 13, 2017 /PRNewswire/ -- Third Point Reinsurance Ltd. (TPRE) ("TPRE" or the "Company") today announced the commencement of an underwritten secondary public offering of an aggregate of 15,000,000 of the Company's common shares (representing approximately 14.0% of its outstanding shares) by KIA TP Holdings, L.P. and KEP TP Holdings, L.P. (collectively, the "Selling Shareholders") to J.P. Morgan Securities LLC, as sole underwriter. J.P. Morgan Securities LLC has the option to buy an additional 2,250,000 shares from the Selling Shareholders for 30 days after the offering. The Company will not receive any proceeds from the sale of shares being sold in this offering. The Company has filed a registration statement, including a prospectus, with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this communication relates, which registration statement became effective upon filing with the SEC.
Third Point Reinsurance Ltd. to Host Earnings Call Thu, 09 Nov 2017 11:30:00 +0000 NEW YORK, NY / ACCESSWIRE / November 9, 2017 / Third Point Reinsurance Ltd. (NYSE: TPRE ) will be discussing their earnings results in their Q3 Earnings Call to be held on November 9, 2017 at 8:30 AM Eastern ...
Third Point Reinsurance posts 3Q profit Thu, 09 Nov 2017 00:34:10 +0000 On a per-share basis, the Pembroke, Bermuda-based company said it had net income of 52 cents. The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment ...
Third Point Reinsurance Ltd. Announces Board Changes Wed, 08 Nov 2017 21:28:00 +0000 HAMILTON, Bermuda, Nov. 8, 2017 /PRNewswire/ -- Third Point Reinsurance Ltd. (TPRE) ("Third Point Re" or the "Company") today announced that John Berger, Chairman of the Board of Directors, will be stepping down from the Board effective December 22, 2017, at the end of the term of his Chairman's Agreement. Steven Fass, currently on the Board, will succeed Mr. Berger as interim Chairman as of December 22, 2017. Robert Bredahl, currently President and Chief Executive Officer, will replace Mr. Berger on the Board as of December 22, 2017. "On behalf of the entire Board, I want to thank John for his work as Chairman, the position he held since Third Point Re's formation in 2011. John was instrumental in the formation of Third Point Re and we sincerely appreciate all of his hard work in getting Third Point Re to where it is today," commented Steve Fass.
Third Point Re Reports Third Quarter 2017 Earnings Results Wed, 08 Nov 2017 21:28:00 +0000 Net income available to Third Point Re common shareholders of $54.7 million , or $0.52 per diluted common share HAMILTON, Bermuda , Nov. 8, 2017 /PRNewswire/ -- Third Point Reinsurance Ltd. ("Third ...
U.S. tax plan threatens Wall Street's Bermuda idyll Thu, 02 Nov 2017 23:21:16 +0000 U.S. money managers with reinsurance companies in Bermuda and the Cayman Islands could lose a valuable loophole under Republican proposals to overhaul the tax code unveiled on Thursday. The plan includes a 20 percent excise payment on payments from domestic firms to foreign affiliates that could affect private equity firms and hedge funds that have overseas reinsurance operations. The proposal would effectively kill the so-called Bermuda reinsurance loophole under which money managers are able to invest the premiums they raise as reinsurers in their funds without paying any tax on the gains.
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