NEW YORK—January 25, 2012—Pine Brook, a New York-based investment firm focused on building businesses in the energy and financial services sectors, has co-led a $785.0 million investment in Third Point Reinsurance Ltd. (“TPRe”), a Bermuda-domiciled de novo provider of specialty property and casualty reinsurance. Terms of the private transaction were not disclosed.

TPRe boasts a world-class management team led by CEO John Berger, a 30-year veteran of the reinsurance industry with nearly 17 years of experience as a CEO. The company’s focus will be to combine a portfolio of lower volatility reinsurance business with a differentiated investment strategy. A.M. Best Co. assigned a financial strength rating of A- (Excellent) to the company on January 9.

Substantially all of the assets of the company will be managed by Third Point LLC, a registered investment advisor, which is wholly owned by Daniel S. Loeb.

“Third Point Reinsurance’s strategy of focusing on markets where reinsurance capacity and alternatives may be limited provides strong growth potential,” said William Spiegel, managing director and a founder of the financial services team at Pine Brook. “We are pleased to have assets run by Third Point LLC and look forward to working with John Berger and senior management to build the business for long-term success.”

For more information, call 212-847-4312 or email media/at/pinebrookpartners.com.