Q3 investment challenges send Third Point Re to net loss

Third Point Re fell to a $195.7mn Q3 net loss that was almost
entirely driven by investment losses in what it described as
"difficult market conditions".
But the hedge fund reinsurer booked a significant uptick in
gross written premiums of 62.6 percent to $205.6mn as it added a
$91.6mn adverse development cover (ADC) to its underwriting
portfolio.
The quarterly net investment loss of $192.3mn was widely
expected because of the monthly investment updates the Bermudian
posts.
The company's investm