US Edition
Investor Third Point May Become a Reinsurer
Summary by Herbert Frommes Versicherungsmonitor
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1 Articles
The UK-based Third Point Investor Limited is allowed to take over the reinsurer Malibu Life Reinsurance – and thus become itself a reinsurer. This was decided by a large part of the investors in a special meeting. Previously, there had been months of dispute over the deal. Investors had doubted the seriousness of the transaction. Third Point billionaire Daniel Loeb ultimately used a regulatory trick. Third Point Investors [...]
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