Third Point Reinsurance Ltd has hired Tracey Gibbons to lead its specialty treaty portfolio, along with two of her former Allied World Assurance Company colleagues. Ms Gibbons was senior vice-president of specialty reinsurance at Allied World.

A report on The Insurer’s website last night said that Rachael Afford, formerly vice-president, underwriting, at Allied World, and Melanie Lopes, an underwriter assistant, had also made the move to Third Point Re.

The pair’s LinkedIn pages appear to confirm the moves, stating that Ms Afford is vice-president of specialty reinsurance at Third Point Re, where Ms Lopes is an underwriter.

The portfolio Ms Gibbons will lead at Third Point Re will initially include workers’ compensation catastrophe, personal accident/life catastrophe and other niche lines of business including, but not limited to, contingency and political violence.

She reports to Dan Malloy, chief executive officer of Third Point Re Company Ltd, the company’s Bermudian-based operating subsidiary.

Rob Bredahl, president and CEO of Third Point Re, said: “We began broadening our risk appetite in 2018, particularly with the addition of modest exposure to short tail catastrophe risk.

“Tracey’s specialty experience will be very useful as we develop diverse new lines of business, and represents a natural progression of our strategic development. We plan to build on this new team under her leadership during the course of the year.

“Tracey is a highly respected underwriter with a global reputation and we are delighted to have such a high-calibre executive join us.”

Ms Gibbons has more than 32 years’ experience in the industry.

Before joining Allied World in 2003, she was senior vice-president at Overseas Partners, where she was instrumental in setting up the company’s US operation. Ms Gibbons is a fellow of the Chartered Insurance Institute, an associate in risk management and a member of the Institute of Directors.