Third Point Reinsurance Ltd. (TPRE) Reports In-Line Q1 EPS; Names Daniel Malloy as New CEO Following Resignation of J. Robert Bredahl
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Third Point Re Announces First Quarter 2019 Earnings Results
May 9, 2019 4:25 PM EDTHAMILTON, Bermuda, May 9, 2019 /PRNewswire/ -- Third Point Reinsurance Ltd. ("Third Point Re" or the "Company") (NYSE: TPRE) today announced results for its first quarter ended March 31, 2019.
Third Point Re reported net income available to common shareholders of $132.9 million, or $1.43 per diluted common share, for the three months ended March 31, 2019, compared to a net loss attributable to common shareholders of $26.0 million, or $(0.26) per diluted common share, for the three months ended March 31, 2018.
For the three months ended March 31, 2019, diluted book value per share increased by $0.97 per share, or 7.5%, to $13.95 per share... More
Third Point Reinsurance Ltd. Announces CEO Transition
May 9, 2019 4:23 PM EDTHAMILTON, Bermuda, May 9, 2019 /PRNewswire/ -- Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company") today announced that its Board of Directors will appoint Daniel Malloy, currently CEO of the Company's main operating subsidiary, Third Point Reinsurance Company Ltd., as chief executive officer of Third Point Reinsurance Ltd. effective May 10, 2019. Malloy will succeed J. Robert Bredahl, whose resignation has been accepted by the Board. As part of a long-term succession planning process, the Board of Directors intends to evaluate the Company's leadership and seek to identify one or more... More
