Third Point Re slips to $51mn net loss

Third Point Re chairman and CEO John Berger said the company
continues to believe in its total return model despite challenging
conditions in the financial and reinsurance markets that
contributed to a $51.1mn first quarter net loss at the Bermudian.
The deficit compared to a net profit of $50.5mn for the same
period in 2015.
But at -$0.49 a share, the operating loss for the period was a
modest beat on Wall Street analysts' consensus forecasts of
-$0.50 a share....