Loeb’s Third Point Re Increases IPO Target to $345 Million

July 29, 2013 by Megan Hickey

Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, increased to $345 million the amount it is targeting in an initial public offering.

The figure, listed in a regulatory filing today, compares with the $250 million disclosed by the Bermuda-based reinsurer earlier this month.