Q4 investment result offsets underwriting loss at Third Point Re

A positive investment result in the fourth quarter offset
underwriting losses at Third Point Re, helping the hedge fund
reinsurer to a net profit of $42.2mn for the period.
The performance was a turnaround from the $14.7mn net loss for
the prior-year period, but was not enough to prevent the Bermudian
sliding to an $87.4mn net loss for the year, compared to the
$50.4mn profit earned in 2014.
And at $0.39 a share, fourth quarter operating earnings were
below Wall...