Third Point Re Hires Wafer and Norton

2014 / 12 / 04

HAMILTON, Bermuda, Dec. 4, 2014 /PRNewswire/ -- Third Point Reinsurance Ltd. ("Third Point Re" and together with its subsidiaries, the "Third Point Re Group") (NYSE: TPRE) today announced that Thomas Wafer and Jonathan Norton have been hired to help establish and manage the group's U.S. operations. Third Point Re intends to form a new reinsurance subsidiary with an office in the United States in order to originate incremental reinsurance business, better serve its U.S. insurance company clients and further cultivate reinsurance broker relationships.

In addition to his leadership role with the new subsidiary, Jonathan will assume the role of Chief Reserving Actuary for the Third Point Re Group, subject to the approval of the Bermuda Department of Immigration.

John Berger, Chairman, CEO and Chief Underwriting Officer of Third Point Re, commented, "Tom, Jonathan and I worked together for over 12 years prior to the formation of Third Point Re. Tom and Jonathan are consummate professionals with long and successful track records in the reinsurance industry. I am thrilled and honored that they have agreed to join us to help expand our reinsurance underwriting platform."

Tom Wafer served as Chairman of Global Reinsurance for Alterra Capital Holdings Limited ("Alterra") from March, 2012 until Markel Inc. ("Markel") acquired Alterra in May, 2013.  Tom was previously Chief Executive Officer of Reinsurance and President of Alterra Reinsurance USA Inc. from July, 2011 until March, 2012 and held increasingly senior roles at Harbor Point Limited ("Harbor Point") and its predecessor company, Chubb Re, Inc. Harbor Point was merged with Max Capital Group Ltd. ("Max Capital") to create Alterra in May 2010.  Just prior to the merger, Tom was President of Harbor Point Re U.S. and President of Harbor Point Services, Inc.  Tom attended Manhattanville College where he earned a BA in Economics.  He also holds an MBA in Marketing from Fordham University.

Jonathan Norton served as Chief Actuary of Alterra Reinsurance USA Inc. from its inception in May of 2010 until the close of the Markel acquisition in May, 2013.  Prior to the Harbor Point and Max Capital merger that created Alterra, Jonathan was Chief Actuary of Harbor Point and Chief Actuary of its predecessor company, Chubb Re, Inc.  Jonathan holds a Bachelor's Degree in Civil Engineering from Duke University and a MBA from Emory University. He is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA).

Contacts

Third Point Reinsurance Ltd.
Rob Bredahl
President and Chief Operating Officer
+1 441-542-3333
investorrelations@thirdpointre.bm

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SOURCE Third Point Reinsurance Ltd.