Third Point Re posts sub-$10mn cat loss and 14% return

Total return reinsurer Third Point Re notified investors today
that its net losses from recent catastrophes would amount to less
than $10mn, while adding that its year-to-date investment results
reached 14.4 percent.
"Third Point Re does not write any catastrophe excess of
loss contracts and had only modest losses from the recent
catastrophe events," CEO Bob Bredahl said today in a
regulatory filing.
"Our total return business model is to manage our
investment portfolio for higher expected retur