Third Point Reinsurance’s Investment in Arcadian Risk Capital

McDermott Will & Emery represented Third Point Reinsurance Ltd. in the transaction.

Third Point Reinsurance Ltd. (NYSE: TPRE), a specialty property and casualty reinsurer headquartered in Bermuda, executed its formation of, and investment in, Arcadian Risk Capital Ltd., a Bermuda-based insurance underwriter led by well-known industry veteran John Boylan. This transaction was completed on September 16, 2020.

Arcadian has been established as Managing General Agent and has received its license from the Bermuda Monetary Authority to begin writing Excess Casualty and Professional business on behalf of Third Point Reinsurance beginning October 1, 2020 with plans to develop additional lines in the future.

In addition to investing in Arcadian, Third Point Reinsurance will also provide insurance paper and capacity to the startup.

McDermott Will & Emery acted as legal advisor to Third Point Reinsurance Ltd. with a team led by Michael Halsband (Picture) and included Joanna Lin, Smith Alpert, Marisa Young, Eleanor West, Matthew Chen, Ike Chidi, Adam Spiegel, John Mulhern, Yuliya Feldman, Sandra Ghobraiel, John Lutz, and Terence McAllister.

Involved fees earner: G. N. Smith Alpert – McDermott Will & Emery; Matthew Chen – McDermott Will & Emery; Ikechukwu Chidi – McDermott Will & Emery; Yuliya Feldman – McDermott Will & Emery; Sandra Ghobraiel – McDermott Will & Emery; Michael Halsband – McDermott Will & Emery; Joanna Lin – McDermott Will & Emery; John Lutz – McDermott Will & Emery; Terence McAllister – McDermott Will & Emery; John Mulhern – McDermott Will & Emery; Adam Spiegel – McDermott Will & Emery; Eleanor West – McDermott Will & Emery; Marisa Young – McDermott Will & Emery;

Law Firms: McDermott Will & Emery;

Clients: Third Point Reinsurance Ltd.;

Author: Ambrogio Visconti