Loeb's Third Point eyes 2013 IPO for reinsurance arm

Third Point, the $11.6 billion hedge fund run by billionaire Dan Loeb, has hired banks for an initial public offering of its reinsurer business, according to three sources familiar told Reuters.

Bermuda-based Third Point Re is working with Morgan Stanley , Credit Suisse AG and JPMorgan Chase & Co on a public float that could raise around $250 million later this year, the sources said.

More?  Go to http://uk.reuters.com/article/2013/05/06/thirdpoint-ipo-idUKL2N0DN1GN20130506