Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Third Point Reinsurance: Tax-Efficient Structure And Superior Management

Third Point Reinsurance (NYSE:TPRE) is a newly public reinsurance firm that brings together underwriting expertise under expert insurance manager John Berger and investment management under the well known Dan Loeb. Together the two men make for a potent leadership team which combined with the tax efficient structure of the TPRE vehicle make the stock a strong buy with up to 30% upside versus likely downside of no more than 10%.

The key points behind my view of TPRE as a great investment play are as follows:

1.) Dan Loeb's hedge fund Third Point LP, has historically returned 21% over time, so investment outperformance for TPRE internal investments is likely.

2.) John Berger, the CEO of TPRE has had...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details