Third Point Reinsurance Ltd. (NYSE:TPRE) Q2 2020 Earnings Conference Call - Final Transcript

Aug 07, 2020 • 08:30 am ET


Third Point Reinsurance Ltd. (NYSE:TPRE) Q2 2020 Earnings Conference Call - Final Transcript


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Good morning, ladies and gentlemen, and welcome to the Third Point Re and Sirius Group's Merger Announcement Call. As a reminder, this conference is being recorded, and we will not be opening the call for questions.

I would now like to turn the call over to Mr. Chris Coleman. Please go ahead, sir.

Christopher S. Coleman

Thank you, operator, and good morning, everyone. Thank you for joining our presentation to announce Third Point Re's combination with Sirius Group and the anticipated creation of SiriusPoint. I'm Chris Coleman, Chief Financial Officer of Third Point Re. On the call today are Josh Targoff, who has served as Chairman of Third Point Re and is currently a member of our Board; Sid Sankaran, the new Chairman of Third Point Re, who will also serve as Chairman and Chief Executive Officer of SiriusPoint; and Dan Malloy, Chief Executive Officer of Third Point Re.

We are here today to tell you more about this exciting transaction. As a reminder, we have posted a presentation that will be referenced during this call as well as a press release outlining the transaction to the Investor Relations section of our website.

Before we start, I would like to remind you that comments today regarding the company's future business plans, prospects and financial performance are forward-looking statements that we make pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are made based on management's current knowledge and assumptions about future events and may involve risks and uncertainties that could cause actual results to differ materially from our expectations.

In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. For additional information on important factors that could affect these expectations, please see our annual report for the year ended December 31, 2019, and our subsequent filings made with the US Securities and Exchange Commission.

This communication does not constitute an offer to sell or the solicitation of any offer to buy any securities or solicitation of any vote or approval. In connection with the proposed merger, the companies intend to file a registration statement on Form S-4, containing a proxy statement prospectus with the SEC, and you should read the proxy statement prospectus when it becomes available because it will contain important information.

Both companies and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders in respect of the proposed merger. Information about each company's directors and executive officers is set forth in their respective 10-Ks and other reports filed with the SEC. You may obtain additional information regarding the interest of such participants by reading the proxy statement prospectus regarding the proposed merger when it becomes available.

I will now turn the call over to Josh Targoff.

Joshua Laurence Targoff

Thanks, Chris. And hi, everyone. Let's start with slide three. I've been involved with Third Point Re since its inception in 2011, and the creation of SiriusPoint is an exciting