In connection with the succession planning undertaken by the Board of Directors (the “Board”) of Third Point Reinsurance Ltd. (the “Company”) and its management team earlier this year, the Company has announced the following management changes, subject to Bermuda Department of Immigration and regulatory approval, where applicable:

Appointment of J. Robert Bredahl as Chief Executive Officer of Third Point Reinsurance (USA) Ltd.

Effective as of August 3, 2017, Mr. J. Robert Bredahl was appointed as Chief Executive Officer of Third Point Reinsurance (USA) Ltd. ("Third Point Re USA"). Mr. Bredahl will continue to serve as President and Chief Executive Officer of the Company but will no longer be Chief Executive Officer of Third Point Reinsurance Company Ltd. For a description of Mr. Bredahl’s age, and business experience during the preceding five years, please refer to the Company’s proxy statement filed with the United States Securities and Exchange Commission ("SEC") on March 17, 2017.

Change in Role of John R. Berger as Chief Executive Officer of Third Point Reinsurance (USA) Ltd.

Effective as of August 3, 2017, Mr. John R. Berger stepped down as Chief Executive Officer of Third Point Re USA. Mr. Berger will continue to serve as Chairman of the Board of the Company.

Appointment of Daniel V. Malloy as Chief Executive Officer of Third Point Reinsurance Company Ltd.

Effective as of August 3, 2017,Mr. Daniel V. Malloy was promoted from Chief Underwriting Officer to Chief Executive Officer of Third Point Reinsurance Company Ltd. For a description of Mr. Malloy’s age, and business experience during the preceding five years, please refer to the Company’s proxy statement filed with the SEC on March 17, 2017.

Appointment of Manoj K. Gupta as President of Third Point Reinsurance (USA) Ltd.

Effective as of August 3, 2017, Mr. Manoj K. Gupta was promoted from EVP, Underwriting to President of Third Point Re USA. For a description of Mr. Gupta’s age, current positions at the Company, and business experience during the preceding five years, please refer to the Company’s proxy statement filed with the SEC on March 17, 2017.

Change in Role of Thomas C. Wafer as President of Third Point Reinsurance (USA) Ltd.

Effective as of August 3, 2017, Mr. Thomas C. Wafer stepped down from his position as President of Third Point Re USA and was elected as Chairman of the Board of Third Point Re USA. For a description of Mr. Wafer’s age, and business experience during the preceding five years, please refer to the Company’s proxy statement filed with the SEC on March 17, 2017.

About THIRD POINT REINSURANCE LTD. (NYSE:TPRE)

Third Point Reinsurance Ltd. is a holding company. Through the Company’s reinsurance subsidiaries, it provides property and casualty reinsurance coverage to insurance and reinsurance companies. The Company operates through two segments: Property and Casualty Reinsurance, and Catastrophe Risk Management. The Property and Casualty Reinsurance segment provides reinsurance products to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Catastrophe Risk Management segment is engaged in the underwriting of property catastrophe exposures. The Company’s investable assets are managed by its investment manager, Third Point LLC. The Company writes reinsurance contracts that provide protection against adverse development on loss reserves. Through Third Point LLC, the Company makes investments globally in all sectors, and in equity, credit, commodity, currency, options and other instruments. The Company’s business is sourced through reinsurance brokers.