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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Nov. 22, 7:05 PM

Slide #23. Third Point Reinsurance Ltd. Secondary Offering

Company: Third Point Reinsurance Ltd. (NYSE:TPRE)
Date announced: 11/13/2017
Shares Offered: 15,000,000
Secondary Offering Details: Third Point Reinsurance Ltd. (NYSE: TPRE) ("TPRE" or the "Company") today announced the commencement of an underwritten secondary public offering of an aggregate of 15,000,000 of the Company's common shares (representing approximately 14.0% of its outstanding shares) by KIA TP Holdings, L.P. and KEP TP Holdings, L.P. (collectively, the "Selling Shareholders") to J.P. Morgan Securities LLC, as sole underwriter. J.P. Morgan Securities LLC has the option to buy an additional 2,250,000 shares from the Selling Shareholders for 30 days after the offering. The Company will not receive any proceeds from the sale of shares being sold in this offering.

Third Point Reinsurance is a holding company. Through its reinsurance subsidiaries, Co. provides specialty property and casualty reinsurance coverage to insurance and reinsurance companies. Substantially all of Co.'s investable assets are managed by its investment manager, Third Point LLC. Co. has one operating segment: Property and Casualty Reinsurance, which provide reinsurance products to insurance and reinsurance companies, government entities, and other risk bearing vehicles. In addition, Co. writes contracts on both a prospective basis and a retroactive basis. The product lines that Co. underwrites for this operating segment are: property, casualty and specialty.

TPRE SEC Filing Email Alerts Service

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Company Name:  Third Point Reinsurance Ltd
Sector:  Insurance Brokers
Number of ETFs Holding TPRE:  37
Total Market Value Held by ETFs:  $134.17M
Total Market Capitalization:  $1.80B
% of Market Cap. Held by ETFs:  7.46%

Open the TPRE Page at The Online Investor (in a new window) »

November 22, 2017    7:05 PM Eastern
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Hold (2.50 out of 4)
19th percentile
(ranked lower than approx. 81% of all stocks covered)
Based on Zacks ABR data;
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