Third Point Re’s Q4 CR hits 123% on $37.2mn of reserve development

Dan Malloy – Third Point Re

Ahead of its merger with Sirius later this week, Third Point Re has reported a worsening of its fourth quarter combined ratio to 123 percent, with the Bermudian reinsurer hit by $37.2mn of reserve development, $11.6mn of Covid-19 losses and $7.0mn of catastrophe losses in the quarter.

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