Third Point Reinsurance Ltd. Files S-1 Registration Statement for Initial Public Offering of its Common Shares
HAMILTON, Bermuda, July 15, 2013 /PRNewswire/ -- Third Point Reinsurance Ltd. ("the Company") announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common shares. The number of shares to be offered and the price range for the offering have not yet been determined. The Company intends to apply to list the common shares on the New York Stock Exchange under the ticker symbol "TPRE."
The book-running managers for the offering will be J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, BofA Merrill Lynch and Citigroup Global Markets Inc. Aon Benfield Securities, Inc., Dowling & Partners Securities LLC, Keefe, Bruyette & Woods, Inc., Macquarie Capital (USA) Inc. and Sandler O'Neill + Partners, L.P. will act as co-managers for the offering.
The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from the prospectus departments of J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717, (866) 803-9204; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, 1B, New York, NY 10010, by telephone at 800-221-1037 or by emailing email@example.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by calling (866) 718-1649 or by emailing firstname.lastname@example.org.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About the Company
The Company's wholly owned subsidiary Third Point Reinsurance Company Ltd. ("Third Point Re") is a Bermuda property and casualty reinsurance company with an "A-" (Excellent) financial strength rating from A.M. Best Company, Inc. Third Point Re was incorporated in October 2011 and commenced underwriting business on January 1, 2012.
Third Point Reinsurance Ltd.
Chief Financial Officer & Chief Operating Officer
SOURCE Third Point Reinsurance Company Ltd.