Third Point Reinsurance Ltd. Announces Appointment of Lead Independent Director

2015 / 03 / 04

HAMILTON, Bermuda, March 4, 2015 /PRNewswire/ -- Third Point Reinsurance Ltd. (NYSE: TPRE) (the "Company") announced today that at its February 26, 2015 meeting the Company's Board of Directors (the "Board") appointed Steven E. Fass, who has served as a Director of the Company since February 2012, to the newly created position of Lead Independent Director. In this additional role, Mr. Fass will chair non-management executive sessions of the Board, act as a liaison between the Board and executive management of the Company, assist in setting meeting agendas, assist the Chairman in Board and Board member performance assessments, and act as Chairman in the event the current Chairman is unavailable.

Mr. Fass's insurance career has spanned nearly 39 years. He also currently serves as a Director of VIBE Syndicate Management (formerly RITC Syndicate Management), a London based runoff specialist, and its affiliate Inceptum Insurance Company. Mr. Fass retired in 2008 as the President and Chief Executive Officer of the White Mountains Insurance Group Ltd. From 1984 to 2006 he was the President and Chief Executive Officer of White Mountains Re, and its predecessor companies Folksamerica Holding Company and Folksamerica Reinsurance Company. He joined Folksamerica in 1980 as its Vice President, Treasurer and Chief Financial Officer. Prior to joining Folksamerica he held various positions at American Re and Skandia America Re. Mr. Fass has held numerous directorships including Chairman of White Mountains Re, Chairman of Fund American Reinsurance Company Ltd., Chairman of Sirius International Insurance Company Ltd. and Chairman of Esurance Insurance Company. He was a director of both White Mountains Insurance Group and One Beacon Insurance Group, both public companies.

About the Company

The Company is a public holding company listed on the New York Stock Exchange which, through its wholly owned operating subsidiaries, Third Point Reinsurance Company Ltd. ("Third Point Re") and Third Point Reinsurance (USA) Ltd. ("TPRE USA"), writes property and casualty reinsurance business. Third Point Re was incorporated in October 2011 and commenced underwriting business on January 1, 2012. TPRE USA was incorporated on November 21, 2014 and commenced underwriting business on March 1, 2015. Third Point Reinsurance Company Ltd. and Third Point Reinsurance (USA) Ltd. each have an "A-" (Excellent) financial strength rating from A.M. Best Company, Inc.

Contacts:

Third Point Reinsurance Ltd.
Manoj Gupta - SVP Underwriting
investorrelations@thirdpointre.bm
+1 441-542-3701

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SOURCE Third Point Reinsurance Ltd.