Third Point ponders future of $110mn cat fund

Start-up fund Third Point Investment Management is considering
whether to keep its $110mn cat fund running in its current form in
2015.
The venture was set up in mid-2012 as a side line to the hedge
fund reinsurer's focus on high-frequency, low-severity lines of
business such as auto and workers' compensation.
Its underwriting focus is in the US regional reinsurance
market.
Third Point Re committed $50mn to the fund and Hiscox also took
a stake in the vehicle and cedes...