Third Point Re posts gains on investing, underwriting

Another strong investment quarter and an improved underwriting
showing pushed Third Point Re's second quarter net income up 40
percent to $74.6mn.
At $0.71 per share, the total return carrier's earnings were
just ahead of the $0.70 consensus of six analysts polled by
MarketWatch.
The Bermudian, whose investment funds are managed ion New York
by Dan Loeb's Third Point LLC hedge fund, reported an
investment return of 4.5 percent, compared to 4.0 percent in Q2
2016.
Third Point Re president...