SiriusPoint (SPNT) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 07, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Third Point Reinsurance Ltd.
Entity Central Index Key	1,576,018
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		107,383,405

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	$ 2,017,463	$ 1,506,854
Debt securities, trading, at fair value (cost - $676,972; 2016 - $1,036,716)	656,118	1,057,957
Other investments, at fair value	30,932	82,701
Total investments in securities	2,704,513	2,647,512
Cash and cash equivalents	6,434	9,951
Restricted cash and cash equivalents	477,362	298,940
Due from brokers	387,786	284,591
Derivative assets, at fair value	75,781	27,432
Interest and dividends receivable	4,210	6,505
Reinsurance balances receivable	478,206	381,951
Deferred acquisition costs, net	223,091	221,618
Other assets	11,464	17,144
Total assets	4,368,847	3,895,644
Liabilities
Accounts payable and accrued expenses	24,580	10,321
Reinsurance balances payable	54,654	43,171
Deposit liabilities	126,491	104,905
Unearned premium reserves	615,375	557,076
Loss and loss adjustment expense reserves	699,369	605,129
Securities sold, not yet purchased, at fair value	405,845	92,668
Due to brokers	602,230	899,601
Derivative liabilities, at fair value	17,280	16,050
Performance fee payable to related party	73,210	0
Interest and dividends payable	1,917	3,443
Senior notes payable, net of deferred costs	113,688	113,555
Total liabilities	2,734,639	2,445,919
Commitments and contingent liabilities
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16,813	0
Shareholders’ equity
Preference shares (par value $0.10; authorized, 30,000,000; none issued)	0	0
Common shares (par value $0.10; authorized, 300,000,000; issued and outstanding, 107,383,405 (2016 - 106,501,299))	10,738	10,650
Treasury Stock, Value	(48,253)	(7,389)
Additional paid-in capital	1,099,998	1,094,568
Retained earnings	549,671	316,222
Shareholders’ equity attributable to Third Point Re common shareholders	1,612,154	1,414,051
Noncontrolling interests in related party	5,241	35,674
Total shareholders’ equity	1,617,395	1,449,725
Total liabilities, noncontrolling interests and shareholders' equity	$ 4,368,847	$ 3,895,644

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Assets
Equity securities, trading, cost	$ 1,676,001	$ 1,385,866
Debt securities, trading, cost	$ 676,972	$ 1,036,716
Shareholders’ equity
Preference shares, par value (in dollars per share)	$ 0.10	$ 0.10
Preference shares, shares authorized (in shares)	30,000,000	30,000,000
Preference shares, shares issued (in shares)	0	0
Preference shares, shares outstanding (in shares)	0	0
Common share, par value (in dollars per share)	$ 0.10	$ 0.10
Common share, shares authorized (in shares)	300,000,000	300,000,000
Common share, shares issued (in shares)	107,383,405	106,501,299
Common share, shares outstanding (in shares)	107,383,405	106,501,299
Treasury Stock, Shares	3,944,920	644,768

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross premiums ceded	0	(927)	(2,550)	(2,352)
Net premiums written	174,539	141,646	474,907	534,243
Change in net unearned premium reserves	(68,564)	(13,463)	(57,365)	(136,136)
Net premiums earned	105,975	128,183	417,542	398,107
Investment Income before Management and Performance Fees	119,516	121,208	427,982	191,084
Management and performance fees to related parties	(30,548)	(32,852)	(103,179)	(56,492)
Net investment income	88,968	88,356	324,803	134,592
Total revenues	194,943	216,539	742,345	532,699
Expenses
Loss and loss adjustment expenses incurred, net	77,275	85,015	270,549	273,822
Acquisition costs, net	33,974	45,127	157,067	145,296
General and administrative expenses	13,218	12,354	38,804	33,885
Other expenses	3,846	347	8,852	6,226
Interest expense	2,074	2,069	6,151	6,163
Foreign exchange gain (loss)	5,437	(3,905)	10,233	(14,359)
Total expenses	135,824	141,007	491,656	451,033
Income before income tax expense	59,119	75,532	250,689	81,666
Income tax expense	(3,475)	(2,484)	(14,080)	(5,865)
Net income	55,644	73,048	236,609	75,801
Net income attributable to noncontrolling interests in related party	(959)	(967)	(3,160)	(1,473)
Net income available to Third Point Re common shareholders	$ 54,685	$ 72,081	$ 233,449	$ 74,328
Earnings per share available to Third Point Re common shareholders
Basic (in dollars per share)	$ 0.54	$ 0.69	$ 2.27	$ 0.71
Diluted (in dollars per share)	$ 0.52	$ 0.68	$ 2.22	$ 0.70
Weighted average number of common shares used in the determination of earnings per common share
Basic (in shares)	101,391,145	103,780,196	102,553,346	104,055,946
Diluted (in shares)	104,679,574	105,795,313	105,040,251	105,590,668

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common shares	Treasury shares	Additional paid-in capital	Retained earnings	Noncontrolling interests in related party
Balance, beginning of period at Dec. 31, 2015		$ 10,548	$ 0	$ 1,080,591	$ 288,587
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares		90		3,788
Repurchase of common shares			(7,389)
Share compensation expense				6,596
Net income	$ 75,801				75,801
Net income attributable to noncontrolling interests in related party	(1,473)				(1,473)
Balance. end of period at Sep. 30, 2016	1,475,769	10,638	(7,389)	1,090,975	362,915	$ 18,630
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shareholders’ equity attributable to Third Point Re common shareholders	1,457,139
Shareholders’ equity attributable to Third Point Re common shareholders	1,414,051
Balance, beginning of period at Dec. 31, 2016	1,449,725	10,650	(7,389)	1,094,568	316,222
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares		88		1,416
Repurchase of common shares			(40,864)
Share compensation expense				4,014
Net income	236,609				236,609
Net income attributable to noncontrolling interests in related party	(3,160)
Balance. end of period at Sep. 30, 2017	1,617,395	$ 10,738	$ (48,253)	$ 1,099,998	$ 549,671	$ 5,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shareholders’ equity attributable to Third Point Re common shareholders	$ 1,612,154

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Statement of Cash Flows [Abstract]
Net income	$ 236,609	$ 75,801
Adjustments to reconcile net income to net cash provided by operating activities:
Share compensation expense	4,014	6,596
Net interest (income) expense on deposit liabilities	1,472	(507)
Net unrealized gain on investments and derivatives	(203,299)	(90,675)
Net realized gain on investments and derivatives	(180,382)	(62,316)
Net foreign exchange (gains) losses	10,233	(14,359)
Amortization of premium and accretion of discount, net	(452)	4,954
Changes in assets and liabilities:
Reinsurance balances receivable	(77,444)	(145,593)
Deferred acquisition costs, net	(1,473)	(58,286)
Other assets	5,698	(4,960)
Interest and dividends receivable, net	769	(3,697)
Unearned premium reserves	58,299	137,270
Loss and loss adjustment expense reserves	(78,931)	(111,014)
Accounts payable and accrued expenses	14,173	1,518
Reinsurance balances payable	11,462	24,013
Performance fee payable to related party	73,210	24,846
Net cash provided by operating activities	31,820	5,619
Investing activities
Purchases of investments	(2,238,167)	(2,803,862)
Proceeds from sales of investments	2,536,688	2,533,656
Purchases of investments to cover short sales	(440,242)	(978,039)
Proceeds from short sales of investments	735,132	854,689
Change in due to/from brokers, net	(400,566)	362,695
Increase in securities sold under an agreement to repurchase	0	46,936
Change in restricted cash and cash equivalents	(178,422)	(34,536)
Net cash provided by (used in) investing activities	14,423	(18,461)
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs	1,504	3,878
Purchases of Third Point Re common shares under share repurchase program	(40,864)	(7,389)
Increase in deposit liabilities, net	6,380	15,928
Change in total noncontrolling interests in related party, net	(16,780)	1,000
Net cash provided by (used in) financing activities	(49,760)	13,417
Net increase (decrease) in cash and cash equivalents	(3,517)	575
Cash and cash equivalents at beginning of period	9,951	20,407
Cash and cash equivalents at end of period	6,434	20,982
Supplementary information
Interest paid in cash	17,551	19,605
Income taxes paid in cash	$ 5,996	$ 3,775

Organization

Organization	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Third Point Reinsurance Ltd. (together with its wholly and majority owned subsidiaries, “Third Point Re” or the “Company”) was incorporated under the laws of Bermuda on October 6, 2011. Through its reinsurance subsidiaries, the Company is a provider of global specialty property and casualty reinsurance products. The Company operates through two licensed reinsurance subsidiaries, Third Point Reinsurance Company Ltd. (“Third Point Re BDA”), a Bermuda reinsurance company that commenced operations in January 2012, and Third Point Reinsurance (USA) Ltd. (“Third Point Re USA”). Third Point Re USA is a Bermuda reinsurance company that was incorporated on November 21, 2014 and commenced operations in February 2015. Third Point Re USA made an election under Section 953(d) of the U.S. Internal Revenue Code of 1986, as amended, to be taxed as a U.S. entity. Third Point Re USA prices and underwrites U.S. domiciled reinsurance business from an office in the United States. Third Point Re USA is a wholly owned subsidiary of Third Point Re (USA) Holdings, Inc. (“TPRUSA”), an intermediate holding company based in the U.S., which is a wholly owned subsidiary of Third Point Re (UK) Holdings Ltd. (“Third Point Re UK”), an intermediate holding company based in the United Kingdom. Third Point Re UK is a wholly owned subsidiary of Third Point Re. In August 2012, the Company established a wholly-owned subsidiary in the United Kingdom, Third Point Re Marketing (UK) Limited (“TPRUK”). In May 2013, TPRUK was licensed as an insurance intermediary by the UK Financial Conduct Authority. These unaudited condensed consolidated financial statements include the results of Third Point Re and its wholly and majority owned subsidiaries (together, the “Company”) and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 in Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In addition, the year-end balance sheet data was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. This Quarterly Report should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 (the “ 2016 10-K”), as filed with the U.S. Securities and Exchange Commission on February 24, 2017. In the opinion of management, these unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the Company’s financial position and results of operations as at the end of and for the periods presented. All significant intercompany accounts and transactions have been eliminated. The results for the nine months ended September 30, 2017 are not necessarily indicative of the results expected for the full calendar year.

Significant accounting policies

Significant accounting policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant accounting policies	There have been no material changes to the Company’s significant accounting policies as described in its 2016 10-K. Changes in the presentation of noncontrolling interests During the quarter ended September 30, 2017, the Company identified that a portion of its noncontrolling interests were redeemable. See additional information regarding noncontrolling interests in Note 16. This portion of the noncontrolling interests had previously been presented in noncontrolling interests to related party within shareholders’ equity when it should have been presented in the mezzanine section of the consolidated balance sheet as redeemable noncontrolling interests in related party. As of December 31, 2016, $31.2 million of the noncontrolling interests in related party should have been presented in the mezzanine section of the consolidated balance sheet as redeemable noncontrolling interests in related party. As of September 30, 2016, $14.1 million should have been presented as part of redeemable noncontrolling interests in related party and excluded from noncontrolling interests in related party in shareholders’ equity. Although this impacted total shareholders’ equity, it did not impact shareholders’ equity attributable to Third Point Re common shareholders or retained earnings. In addition, this change did not impact the condensed consolidated statements of income, earnings per share or condensed consolidated statement of cash flows. The Company has evaluated the effect of the incorrect presentation, both qualitatively and quantitatively, and concluded that it did not have a material impact on, nor require amendment of, any previously filed annual or quarterly consolidated financial statements. Recently issued accounting standards Issued and effective as of September 30, 2017 In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-09, Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. This new accounting standard did not have a material impact on the Company’s condensed consolidated financial statements. In October 2016, the FASB issued Accounting Standards Update 2016-17, Consolidation (Topic 810): Interests held through Related Parties that are under Common Control (ASU 2016-17). ASU 2016-17 alters how the Company needs to consider indirect interests in a variable interest entity held through an entity under common control. The new guidance amended ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , issued in February 2015. ASU 2016-17 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The Company made the election to account for forfeitures when they occur, which results in no material impact on the Company’s condensed consolidated financial statements. Issued but not yet effective as of September 30, 2017 In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842): Section A - Leases, Section B - Conforming Amendments Related to Leases and Section C - Background Information and Basis for Conclusions (ASU 2016-02). ASU 2016-02 intends to improve financial reporting related to leasing transactions. The new standard affects all entities that lease assets such as real estate, airplanes and manufacturing equipment. ASU 2016-01 will require entities that lease assets, referred to as “lessees”, to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU 2016-02 is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s condensed consolidated financial statements as a result of the limited number of leases the Company currently has in place. In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 amends the guidance on the impairment of financial instruments. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of this guidance on the Company’s condensed consolidated financial statements. In March 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08). ASU 2017-08 is intended to enhance the accounting for the amortization of premiums for purchased callable debt securities.The amendments are effective for interim and annual periods beginning after December 15, 2018. The Company is currently evaluating the impact of this guidance on the Company’s condensed consolidated financial statements. In May 2017, the FASB issued Accounting Standards Update 2017-09, Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting (ASU 2017-09). ASU 2017-09 is intended to reduce diversity in practice and subsequent to its adoption, an entity will not apply modification accounting as a result of changes to terms and conditions of a share-based payment award if certain conditions are met. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. This new accounting standard is not expected to have a material impact on the Company’s condensed consolidated financial statements when it becomes effective. In July 2017, the FASB issued Accounting Standards Update 2017-11, (Part I) Accounting for Certain Financial Instruments With Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests With a Scope Exception (ASU 2017-11). ASU 2017-11 is intended to reduce the complexity associated with accounting for certain financial instruments with characteristics of liabilities and equity. Specifically, a down round feature would no longer cause a freestanding equity-linked financial instrument (or an embedded conversion option) to be accounted for as a derivative liability at fair value with changes in fair value recognized in current earnings. In addition, ASU 2017-11 re-characterizes the indefinite deferral of certain provisions of Topic 480 to a scope exception. The recharacterization has no accounting effect. The amendments are effective for interim and annual periods beginning after December 15, 2018. The Company does not currently have financial instruments with down round features, therefore, the Company does not expect any impact to the Company’s condensed consolidated financial statements.
Recently issued accounting standards	Recently issued accounting standards Issued and effective as of September 30, 2017 In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2016-09, Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 simplifies several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. ASU 2016-09 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. This new accounting standard did not have a material impact on the Company’s condensed consolidated financial statements. In October 2016, the FASB issued Accounting Standards Update 2016-17, Consolidation (Topic 810): Interests held through Related Parties that are under Common Control (ASU 2016-17). ASU 2016-17 alters how the Company needs to consider indirect interests in a variable interest entity held through an entity under common control. The new guidance amended ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis , issued in February 2015. ASU 2016-17 is effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. The Company made the election to account for forfeitures when they occur, which results in no material impact on the Company’s condensed consolidated financial statements. Issued but not yet effective as of September 30, 2017 In February 2016, the FASB issued Accounting Standards Update 2016-02, Leases (Topic 842): Section A - Leases, Section B - Conforming Amendments Related to Leases and Section C - Background Information and Basis for Conclusions (ASU 2016-02). ASU 2016-02 intends to improve financial reporting related to leasing transactions. The new standard affects all entities that lease assets such as real estate, airplanes and manufacturing equipment. ASU 2016-01 will require entities that lease assets, referred to as “lessees”, to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. ASU 2016-02 is effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company’s condensed consolidated financial statements as a result of the limited number of leases the Company currently has in place. In June 2016, the FASB issued Accounting Standards Update 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 amends the guidance on the impairment of financial instruments. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The Company is currently evaluating the impact of this guidance on the Company’s condensed consolidated financial statements. In March 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08). ASU 2017-08 is intended to enhance the accounting for the amortization of premiums for purchased callable debt securities.The amendments are effective for interim and annual periods beginning after December 15, 2018. The Company is currently evaluating the impact of this guidance on the Company’s condensed consolidated financial statements. In May 2017, the FASB issued Accounting Standards Update 2017-09, Compensation — Stock Compensation (Topic 718): Scope of Modification Accounting (ASU 2017-09). ASU 2017-09 is intended to reduce diversity in practice and subsequent to its adoption, an entity will not apply modification accounting as a result of changes to terms and conditions of a share-based payment award if certain conditions are met. The amendments in this Update are effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. This new accounting standard is not expected to have a material impact on the Company’s condensed consolidated financial statements when it becomes effective. In July 2017, the FASB issued Accounting Standards Update 2017-11, (Part I) Accounting for Certain Financial Instruments With Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests With a Scope Exception (ASU 2017-11). ASU 2017-11 is intended to reduce the complexity associated with accounting for certain financial instruments with characteristics of liabilities and equity. Specifically, a down round feature would no longer cause a freestanding equity-linked financial instrument (or an embedded conversion option) to be accounted for as a derivative liability at fair value with changes in fair value recognized in current earnings. In addition, ASU 2017-11 re-characterizes the indefinite deferral of certain provisions of Topic 480 to a scope exception. The recharacterization has no accounting effect. The amendments are effective for interim and annual periods beginning after December 15, 2018. The Company does not currently have financial instruments with down round features, therefore, the Company does not expect any impact to the Company’s condensed consolidated financial statements.

Restricted cash and cash equiva

Restricted cash and cash equivalents and restricted investments	9 Months Ended
	Sep. 30, 2017
Cash and Cash Equivalents [Abstract]
Restricted cash and cash equivalents and restricted investments	Restricted cash and cash equivalents and restricted investments as of September 30, 2017 and December 31, 2016 consisted of the following: September 30, December 31, ($ in thousands) Restricted cash securing letter of credit facilities (1) $ 209,494 $ 231,822 Restricted cash securing other reinsurance contracts (2) 267,868 67,118 Total restricted cash and cash equivalents 477,362 298,940 Restricted investments securing other reinsurance contracts (2) 328,033 427,308 Total restricted cash and cash equivalents and restricted investments $ 805,395 $ 726,248 (1) Restricted cash securing letter of credit facilities primarily pertains to letters of credit issued to clients and cash securing these obligations that the Company will not be released until the underlying reserves have been settled. The time period for which the Company expects these letters of credit to be in place varies from contract to contract, but can last several years. (2) Restricted cash and restricted investments securing other reinsurance contracts pertain to trust accounts securing the Company’s contractual obligations under certain reinsurance contracts that the Company will not be released from until all underlying risks have expired or have been settled. Restricted investments include certain investments in debt securities including U.S. Treasury securities and sovereign debt. The time period for which the Company expects these trust accounts to be in place varies from contract to contract, but can last several years.

Investments

Investments	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Investments	The Company’s investments are managed by its investment manager, Third Point LLC (“Third Point LLC” or the “Investment Manager”), under long-term investment management contracts. The Company directly owns the investments that are held in separate accounts and managed by Third Point LLC. The following is a summary of the separate accounts managed by Third Point LLC: September 30, December 31, Assets ($ in thousands) Total investments in securities $ 2,703,605 $ 2,619,839 Cash and cash equivalents 449 5 Restricted cash and cash equivalents 477,362 298,940 Due from brokers 387,786 284,591 Derivative assets 75,781 27,432 Interest and dividends receivable 4,210 6,505 Total assets 3,649,193 3,237,312 Liabilities and noncontrolling interests in related party Accounts payable and accrued expenses 2,674 1,374 Securities sold, not yet purchased 405,845 92,668 Due to brokers 602,230 899,601 Derivative liabilities 17,280 16,050 Performance fee payable to related party 73,210 — Interest and dividends payable 891 386 Total noncontrolling interests in related party (1) 22,054 35,674 Total liabilities and noncontrolling interests in related party 1,124,184 1,045,753 Total net investments managed by Third Point LLC $ 2,525,009 $ 2,191,559 (1) See Note 16 for additional information. Investments are carried at fair value. The fair values of investments are estimated using prices obtained from third-party pricing services, when available. However, situations may arise where the Company believes that the fair value provided by the third-party pricing service does not represent current market conditions. In those situations, Third Point LLC may use dealer quotes to value the investments. The methodology for valuation is generally determined based on the investment’s asset class per the Company’s Investment Manager’s valuation policy. For investments where fair values from pricing services or brokers are unavailable, fair values are estimated using information obtained by the Company’s Investment Manager. Securities listed on a national securities exchange or quoted on NASDAQ are valued at their last sales price as of the last business day of the period. Listed securities with no reported sales on such date and over-the-counter (“OTC”) securities are valued at their last closing bid price if held long by the Company, and last closing ask price if held short by the Company. As of September 30, 2017 , securities valued at $194.7 million ( December 31, 2016 - $ 315.3 million), representing 7.0% ( December 31, 2016 - 11.9% ) of investments in securities and derivative assets, and $2.2 million ( December 31, 2016 - $ 2.0 million), representing 0.5% ( December 31, 2016 - 1.8% ) of securities sold, not yet purchased and derivative liabilities, are valued based on broker quotes. Private securities, real estate and related debt investments are those not registered for public sale and are carried at an estimated fair value at the end of the period, as determined by Third Point LLC. Valuation techniques used by Third Point LLC may include market approach, last transaction analysis, liquidation analysis and/or using discounted cash flow models where the significant inputs could include but are not limited to additional rounds of equity financing, financial metrics such as revenue multiples or price-earnings ratio, discount rates and other factors. In addition, third party valuation firms may be employed to conduct investment valuations of such private securities. The third party valuation firms provide written reports documenting their recommended valuation as of the determination date for the specified investments. As of September 30, 2017 , the Company had $95.9 million ( December 31, 2016 - $ 63.2 million) of investments fair valued by the Company’s Investment Manager representing approximately 3.5% ( December 31, 2016 - 2.4% ) of total investments in securities and derivative assets of which 98.3% were also separately valued by third party valuation firms using information obtained from the Company’s Investment Manager. As a result of the inherent uncertainty of valuation for private securities, the estimated fair value may differ materially from the value that would have been used had a ready market existed for these investments. The actual value at which these securities could be sold or settled with a willing buyer or seller may differ from the Company’s estimated fair values depending on a number of factors including, but not limited to, current and future economic conditions, the quantity sold or settled, the presence of an active market and the availability of a willing buyer or seller. The Company’s free standing derivatives are recorded at fair value, and are included in the condensed consolidated balance sheets in derivative assets and derivative liabilities. Third Point LLC values exchange-traded derivatives at their last sales price on the exchange where they are primarily traded. OTC derivatives, which include swap, option, swaption, forward, future and contract for differences, are valued by an industry recognized third party valuation vendor when available; otherwise, fair values are obtained from broker quotes that are based on pricing models that consider the time value of money, volatility, and the current market and contractual prices of the underlying financial instruments. The Company also has derivatives embedded in non-derivative host contracts that are required to be separated from the host contracts and accounted for at fair value with changes in fair value of the embedded derivative reported in other expenses. The Company’s embedded derivatives relate to interest crediting features in certain reinsurance and deposit contracts that vary based on the returns on the Company’s investments managed by Third Point LLC. The Company determines the fair value of the embedded derivatives using models developed by the Company. The Company values its investments in limited partnerships at fair value, which is estimated based on the Company’s share of the net asset value (“NAV”) of the limited partnerships as provided by the investment managers of the underlying investment funds. The resulting net gains or net losses are reflected in the condensed consolidated statements of income . These investments are included in investment in funds valued at NAV and excluded from the presentation of investments categorized by the level of the fair value hierarchy. These investments are non-redeemable and distributions are made by the investment funds as underlying investments are monetized. As of September 30, 2017 and December 31, 2016 , the Company’s asset-backed securities (“ABS”) holdings were as follows: September 30, 2017 December 31, 2016 ($ in thousands) Reperforming loans $ 123,813 63.0 % $ 44,359 17.4 % Subprime RMBS — — % 117,152 46.0 % Market place loans 54,403 27.7 % 44,143 17.3 % Other (1) 18,189 9.3 % 49,198 19.3 % $ 196,405 100.0 % $ 254,852 100.0 % (1) Other includes: U.S. Alt-A positions, collateralized debt obligations, commercial mortgage-backed securities, non-U.S. RMBS and student loans ABS. As of September 30, 2017 , all of the Company’s ABS holdings were private-label issued, non-investment grade securities, and none of these securities were guaranteed by a government sponsored entity. These investments are valued using broker quotes or a recognized third-party pricing vendor. All of these classes of ABS are sensitive to changes in interest rates and any resulting change in the rate at which borrowers sell their properties, refinance, or otherwise pre-pay their loans. As an investor in these classes of ABS, the Company may be exposed to the credit risk of underlying borrowers not being able to make timely payments on loans or the likelihood of borrowers defaulting on their loans. In addition, the Company may be exposed to significant market and liquidity risks. In 2015, the Company made a $25.0 million investment in the Kiskadee Diversified Fund Ltd. (the “Kiskadee Fund”), a fund vehicle managed by Hiscox Insurance Company (Bermuda) Limited. The Kiskadee Fund invests in property catastrophe exposures through collateralized reinsurance transactions and other insurance-linked investments. For the nine months ended September 30, 2017 , the Company redeemed $26.7 million ( 2016 - $0.3 million ). The Company has elected the fair value option for this investment. This investment is included in investment in funds valued at NAV and is excluded from the presentation of investments categorized by the level of the fair value hierarchy. The fair value is estimated based on the Company’s share of the net asset value in the Kiskadee Fund, as provided by the investment manager, and was $0.9 million as of September 30, 2017 (December 31, 2016 - $27.7 million ). The resulting net gains or losses are reflected in the condensed consolidated statements of income . U.S. GAAP disclosure requirements establish a framework for measuring fair value, including a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. The three-level hierarchy of inputs is summarized below: • Level 1 – Quoted prices available in active markets/exchanges for identical investments as of the reporting date. • Level 2 – Observable inputs to the valuation methodology other than unadjusted quoted market prices for identical assets or liabilities in active markets. Level 2 inputs include, but are not limited to, prices quoted for similar assets or liabilities in active markets/exchanges, prices quoted for identical or similar assets or liabilities in markets that are not active and fair values determined through the use of models or other valuation methodologies. • Level 3 – Pricing inputs unobservable for the investment and include activities where there is little, if any, market activity for the investment. The inputs applied in the determination of fair value require significant management judgment and estimation. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources other than those of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and considers factors specific to the investment. The key inputs for corporate, government and sovereign bond valuation are coupon frequency, coupon rate and underlying bond spreads. The key inputs for ABS are yield, probability of default, loss severity and prepayment. Key inputs for OTC valuations vary based on the type of underlying security on which the contract was written: • The key inputs for most OTC option contracts include notional, strike price, maturity, payout structure, current foreign exchange forward and spot rates, current market price of the underlying security and volatility of the underlying security. • The key inputs for most forward contracts include notional, maturity, forward rate, spot rate, various interest rate curves and discount factor. • The key inputs for swap valuation will vary based on the type of underlying on which the contract was written. Generally, the key inputs for most swap contracts include notional, swap period, fixed rate, credit or interest rate curves, current market or spot price of the underlying security and the volatility of the underlying security. The following tables present the Company’s investments, categorized by the level of the fair value hierarchy as of September 30, 2017 and December 31, 2016 : September 30, 2017 Quoted prices in active markets Significant other observable inputs Significant unobservable inputs Total (Level 1) (Level 2) (Level 3) Assets ($ in thousands) Equity securities $ 1,942,935 $ 17,068 $ — $ 1,960,003 Private common equity securities — — 4,774 4,774 Private preferred equity securities — — 52,686 52,686 Total equities 1,942,935 17,068 57,460 2,017,463 Asset-backed securities — 174,613 21,792 196,405 Bank debt — 9,558 10,721 20,279 Corporate bonds — 42,163 9,685 51,848 U.S. Treasury securities — 251,861 — 251,861 Sovereign debt — 123,843 — 123,843 Other debt securities — 4,614 7,268 11,882 Total debt securities — 606,652 49,466 656,118 Options 997 2,975 — 3,972 Rights and warrants — 20 2 22 Real estate — — 2,755 2,755 Trade claims — 7,246 — 7,246 Total other investments 997 10,241 2,757 13,995 Derivative assets (free standing) 1,295 74,486 — 75,781 $ 1,945,227 $ 708,447 $ 109,683 2,763,357 Investments in funds valued at NAV 16,937 Total assets $ 2,780,294 Liabilities Equity securities $ 386,102 $ — $ — $ 386,102 Corporate bonds — 11,269 — 11,269 Options 1,894 6,580 — 8,474 Total securities sold, not yet purchased 387,996 17,849 — 405,845 Derivative liabilities (free standing) — 15,115 2,165 17,280 Derivative liabilities (embedded) — — 180 180 Total liabilities $ 387,996 $ 32,964 $ 2,345 $ 423,305 December 31, 2016 Quoted prices in active markets Significant other observable inputs Significant unobservable inputs Total (Level 1) (Level 2) (Level 3) Assets ($ in thousands) Equity securities $ 1,450,966 $ 2,255 $ — $ 1,453,221 Private common equity securities — — 4,799 4,799 Private preferred equity securities — — 48,834 48,834 Total equities 1,450,966 2,255 53,633 1,506,854 Asset-backed securities — 237,224 17,628 254,852 Bank debt — 48,546 8,350 56,896 Corporate bonds — 209,025 9,255 218,280 U.S. Treasury securities — 327,016 — 327,016 Sovereign debt — 200,913 — 200,913 Total debt securities — 1,022,724 35,233 1,057,957 Options 343 681 — 1,024 Trade claims — 9,022 — 9,022 Total other investments 343 9,703 — 10,046 Derivative assets (free standing) 961 26,471 — 27,432 $ 1,452,270 $ 1,061,153 $ 88,866 2,602,289 Investments in funds valued at NAV 72,655 Total assets $ 2,674,944 Liabilities Equity securities $ 71,457 $ — $ — $ 71,457 Corporate bonds — 17,683 — 17,683 Options — 3,528 — 3,528 Total securities sold, not yet purchased 71,457 21,211 — 92,668 Derivative liabilities (free standing) 1,608 13,116 1,326 16,050 Derivative liabilities (embedded) — — 92 92 Total liabilities $ 73,065 $ 34,327 $ 1,418 $ 108,810 During the nine months ended September 30, 2017 , the Company made $nil ( December 31, 2016 - $ nil ) of reclassifications of assets or liabilities between Levels 1 and 2. The following table presents the reconciliation of all investments measured at fair value using Level 3 inputs for the three and nine months ended September 30, 2017 and 2016 : July 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,775 $ — $ — $ — $ (1 ) $ 4,774 Private preferred equity securities 50,759 — 2,095 (1,607 ) 1,439 52,686 Asset-backed securities 35,711 (8,759 ) 23,320 (24,581 ) (3,899 ) 21,792 Bank debt 10,246 — — — 475 10,721 Corporate bonds 9,095 (236 ) 1,183 (198 ) (159 ) 9,685 Other debt securities 3,312 — 5,120 (3,307 ) 2,143 7,268 Rights and warrants — 2 — — — 2 Real estate — — 2,357 — 398 2,755 Total assets $ 113,898 $ (8,993 ) $ 34,075 $ (29,693 ) $ 396 $ 109,683 Liabilities Derivative liabilities (free standing) $ (1,367 ) $ — $ — $ — $ (798 ) $ (2,165 ) Derivative liabilities (embedded) (180 ) — — — — (180 ) Total liabilities $ (1,547 ) $ — $ — $ — $ (798 ) $ (2,345 ) January 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,799 $ — $ — $ — $ (25 ) $ 4,774 Private preferred equity securities 48,834 — 3,034 (2,102 ) 2,920 52,686 Asset-backed securities 17,628 16,437 57,346 (56,947 ) (12,672 ) 21,792 Bank debt 8,350 — 4 (310 ) 2,677 10,721 Corporate bonds 9,255 (262 ) 1,211 (719 ) 200 9,685 Other debt securities — — 5,120 — 2,148 7,268 Rights and warrants — 2 — — — 2 Real estate — — 2,357 — 398 2,755 Total assets $ 88,866 $ 16,177 $ 69,072 $ (60,078 ) $ (4,354 ) $ 109,683 Liabilities Derivative liabilities (free standing) $ (1,326 ) $ — $ — $ (38 ) $ (801 ) $ (2,165 ) Derivative liabilities (embedded) (92 ) — — — (88 ) (180 ) Total liabilities $ (1,418 ) $ — $ — $ (38 ) $ (889 ) $ (2,345 ) July 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 3,170 $ — $ 60 $ — $ 203 $ 3,433 Private preferred equity securities 31,079 — 2,646 (60 ) 2,951 36,616 Asset-backed securities 2,814 (213 ) 225 (334 ) 303 2,795 Corporate bonds 3,110 — 4,967 — 256 8,333 Sovereign debt 2 — — (2 ) — — Total assets $ 40,175 $ (213 ) $ 7,898 $ (396 ) $ 3,713 $ 51,177 Liabilities Derivative liabilities (free standing) $ (1,220 ) $ — $ — $ (106 ) $ — $ (1,326 ) Derivative liabilities (embedded) (6,335 ) — — — 39 (6,296 ) Total liabilities $ (7,555 ) $ — $ — $ (106 ) $ 39 $ (7,622 ) January 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,357 $ — $ 60 $ — $ (984 ) $ 3,433 Private preferred equity securities 24,178 — 14,900 (60 ) (2,402 ) 36,616 Asset-backed securities 2,617 1,967 1,001 (1,941 ) (849 ) 2,795 Bank debt 7,660 (7,660 ) — — — — Corporate bonds 3,252 — 5,166 (80 ) (5 ) 8,333 Sovereign debt 21 — — (20 ) (1 ) — Total assets $ 42,085 $ (5,693 ) $ 21,127 $ (2,101 ) $ (4,241 ) $ 51,177 Liabilities Derivative liabilities (free standing) $ (1,020 ) $ — $ — $ (306 ) $ — $ (1,326 ) Derivative liabilities (embedded) (5,563 ) — — (861 ) 128 (6,296 ) Total liabilities $ (6,583 ) $ — $ — $ (1,167 ) $ 128 $ (7,622 ) (1) Total change in realized and unrealized gains (losses) recorded on Level 3 financial instruments is included in net investment income in the condensed consolidated statements of income . Total change in unrealized gains (losses) on fair value of assets using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2017 was $0.1 million and $(3.2) million respectively ( 2016 - $ 3.4 million and $(4.1) million, respectively). For assets and liabilities that were transferred into Level 3 during the period, gains (losses) are presented as if the assets or liabilities had been transferred into Level 3 at the beginning of the period; similarly, for assets and liabilities that were transferred out of Level 3 during the period, gains (losses) are presented as if the assets or liabilities had been transferred out of Level 3 at the beginning of the period. The following table summarizes information about the significant unobservable inputs used in determining the fair value of the Level 3 investments held by the Company. Level 3 investments not presented in the table below are insignificant or do not have any unobservable inputs to disclose, as they are valued primarily using dealer quotes or at cost. September 30, 2017 Assets Fair value ($ in thousands) Valuation technique Unobservable input Range Private equity investments $ 45,991 Market approach Volatility 29.0% - 55.0% Time to exit 0.8 - 3.0 years Bank debt 10,284 Discounted cash flow Credit spread 1024 - 1144 bps Duration 1.0 - 4.0 years Other debt securities 7,268 Discounted cash flow Discount rate 9.5 % Capitalization rate 6.5% - 10.0% Real estate 2,755 Discounted cash flow Discount rate 8.5 % Capitalization rate 7.0 % December 31, 2016 Assets Fair value ($ in thousands) Valuation technique Unobservable input Range Private equity investments $ 47,608 Market approach Discount 5.0% - 25.0% Volatility 40.0% - 60.0% Time to exit 0.4 - 2.8 years Multiple 2.0 - 3.8x Private equity investments The Company’s private equity investments include investments in four privately held companies with a total fair value of $46.0 million as of September 30, 2017 . T he Company measures the fair value of these investments using a market approach which typically utilizes guideline comparable company trading multiples and/or a discounted cash flow analysis. Under the guideline comparable company multiples approach, the Company determines comparable public companies based on industry, size, developmental stage, strategy, etc., and then calculates a trading multiple for each comparable company. The trading multiple may then be discounted for various considerations as appropriate. The concluded multiple is then applied to the subject company to calculate the value of the subject company. The discounted cash flow model involves using the financial information of the portfolio companies to develop revenue and income projections for the subject company for future years based on information on growth rates relative to the company’s development stage. The enterprise value of the subject company is calculated by discounting the projected cash flows and the terminal value to net present value. The fair value of the company’s debt is reduced from the enterprise value to determine the equity value. Bank debt Included in the Company’s bank debt investments is an investment with a fair value of $10.3 million as of September 30, 2017 . Corporate debt and selected index spreads are used as benchmarks to estimate market rates of return within the discounted cash flow model. The Company also considers relevant market and company transactions as part of their valuation approach. Other debt securities and real estate The values of the investments are based upon available information concerning the market for real estate property investments and the underlying assets of the other debt investments. The valuation methods include, but are not limited to the following: (1) forecasts of future net cash flows based on the Investment Manager’s analysis of future earnings from the investment plus anticipated net proceeds from the sale, disposition or resolution of the investment; (2) discounted earnings multiples applied to stabilized income or adjusted earnings from the investment; (3) recent sales of comparable investments. For the nine months ended September 30, 2017 and 2016 , there were no changes in the valuation techniques as they relate to the above.

Securities purchased under an a

Securities purchased under an agreement to sell, securities sold under an agreement to repurchase and securities lending transactions	9 Months Ended
	Sep. 30, 2017
Securities Purchased under Agreements to Resell [Abstract]
Securities purchased under an agreement to sell, securities sold under an agreement to repurchase and securities lending transactions	The Company may enter into repurchase and reverse repurchase agreements with financial institutions in which the financial institution agrees to resell or repurchase securities and the Company agrees to repurchase or resell such securities at a mutually agreed price upon maturity. These agreements are generally collateralized by corporate or government bonds or asset-backed securities. As the Company held only repurchase agreements as of September 30, 2017 , these positions were not affected by counterparty netting agreements. Interest payable and receivable related to these transactions are included in interest payable and receivable in the condensed consolidated balance sheets. Generally, repurchase and reverse repurchase agreements mature within 30 to 90 days . Th e Company may lend securities for securities lending transactions or pledge securities and/or cash for securities borrowed transactions. The value of any securities loaned is reflected in investments in securities. Any collateral received is reflected in due to brokers in the condensed consolidated balance sheets. The Company’s repurchase and securities lending agreements may result in credit exposure in the event the counterparty to the transaction is unable to fulfill its contractual obligations. It is the Company’s policy to monitor and control collateral under such agreements. The following table presents the remaining contractual maturity of the repurchase agreements and securities lending transactions by class of collateral pledged as of September 30, 2017 and December 31, 2016 : September 30, 2017 Overnights and continuous Up to 30 days 30 - 90 days Greater than 90 days Total ($ in thousands) Repurchase agreements Corporate securities $ — $ — $ — $ — $ — Non-U.S. sovereign debt — — — — — $ — $ — $ — $ — $ — December 31, 2016 Overnights and continuous Up to 30 days 30 - 90 days Greater than 90 days Total ($ in thousands) Securities lending transactions Corporate bonds $ 310 $ — $ — $ — $ 310

Due from_to brokers

Due from/to brokers	9 Months Ended
	Sep. 30, 2017
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Due from/to brokers	The Company holds substantially all of its investments through prime brokers pursuant to agreements between the Company and each prime broker. The brokerage arrangements differ from broker to broker, but generally cash and investments in securities are available as collateral against investments in securities sold, not yet purchased and derivative positions, if required. As of September 30, 2017 and December 31, 2016 , the Company’s due from/to brokers were comprised of the following: September 30, December 31, ($ in thousands) Due from brokers Cash held at brokers $ 373,476 $ 240,205 Receivable from unsettled trades (1) 14,310 44,386 $ 387,786 $ 284,591 Due to brokers Borrowing from prime brokers (2) $ 580,081 $ 855,576 Payable from unsettled trades 22,149 44,025 $ 602,230 $ 899,601 (1) Receivables relating to securities sold by the Company are recorded as receivable from unsettled trades in due from brokers in the Company’s condensed consolidated balance sheets. During the year ended December 31, 2015, the Company’s investment manager, Third Point LLC, exercised appraisal rights relating to an underlying investment, which was bought by a private equity firm. As of December 31, 2016, $37.6 million was included in receivable from unsettled trades in due from brokers while the Company awaited the court decision regarding the sale price. In the second quarter of 2017, the court decision resulted in the Company receiving the total value of $37.6 million as well as interest of $5.0 million for the trial period. (2) As of September 30, 2017 , the Company’s borrowing from prime brokers includes a total non-U.S. currency balance of $25.2 million ( December 31, 2016 - $22.0 million ). The Company uses prime brokerage borrowing arrangements to provide collateral for its letter of credit facilities and to fund trust accounts securing certain reinsurance contracts. As of September 30, 2017 , the Company had $805.4 million ( December 31, 2016 - $726.2 million ) of restricted cash and investments securing letter of credit facilities and certain reinsurance contracts. Margin debt at the brokers primarily relates to borrowings to fund letter of credit facilities, trust accounts and investment activities which are collateralized by cash and certain securities of the Company. Amounts are borrowed through committed facilities with terms of up to 90 days, secured by assets of the Company held by the prime broker, and incur interest based on the Company’s negotiated rates. This interest expense is reflected in net investment income in the condensed consolidated statements of income .

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	The following tables identify the listing currency, fair value and notional amounts of derivative instruments included in the condensed consolidated balance sheets, categorized by primary underlying risk. Balances are presented on a gross basis. As of September 30, 2017 Listing currency (1) Fair Value Notional Amounts (2) Derivative Assets by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased USD $ 9,336 $ 51,827 Total Return Swaps - Long Contracts EGP 24,714 24,714 Equity Price Contracts for Differences - Long Contracts BRL/CHF/DKK/EUR/GBP/USD 23,257 178,049 Contracts for Differences - Short Contracts DKK/EUR/SEK/USD 1,252 29,555 Total Return Swaps - Long Contracts BRL/USD 13,503 148,591 Interest Rates Interest Rate Swaptions JPY/USD 1,420 93,834 Sovereign Debt Futures - Short Contracts EUR 1,295 155,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts EUR/HKD 1,004 194,851 Total Derivative Assets $ 75,781 $ 876,612 Listing currency (1) Fair Value Notional Amounts (2) Derivative Liabilities by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased EUR/USD $ 3,196 $ 57,512 Credit Default Swaps - Protection Sold JPY/USD 2,828 7,031 Equity Price Contracts for Differences - Long Contracts BRL/EUR/GBP/USD 857 27,511 Contracts for Differences - Short Contracts EUR/NOK/SEK 632 16,022 Total Return Swaps - Long Contracts BRL/USD 559 27,433 Total Return Swaps - Short Contracts USD 4,852 72,645 Interest Rates Interest Rate Swaptions JPY 120 64,600 Foreign Currency Exchange Rates Foreign Currency Forward Contracts CHF/CNH/HKD/SAR 4,236 503,808 Total Derivative Liabilities (free standing) $ 17,280 $ 776,562 Embedded derivative liabilities in reinsurance contracts (3) USD $ 180 $ 20,000 Total Derivative Liabilities (embedded) $ 180 $ 20,000 (1) BRL = Brazilian Real, CHF = Swiss Franc, CNH = Chinese Yuan, DKK = Danish Krone, EGP = Egyptian Pound, EUR = Euro, GBP = British Pound, HKD = Hong Kong Dollar, JPY = Japanese Yen, NOK = Norwegian Krone, SAR = Saudi Arabian Riyal, SEK = Swedish Krona, USD = US Dollar (2) The absolute notional exposure represents the Company’s derivative activity as of September 30, 2017 , which is representative of the volume of derivatives held during the period. (3) The fair value of embedded derivatives in reinsurance contracts is included in reinsurance balances payable in the condensed consolidated balance sheets. As of December 31, 2016 Listing currency (1) Fair Value Notional Amounts (2) Derivative Assets by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased EUR/ USD $ 10,905 $ 84,327 Equity Price Contracts for Differences - Long Contracts EUR/ GBP 1,765 36,879 Total Return Swaps - Long Contracts BRL/ USD 617 19,140 Total Return Swaps - Short Contracts JPY 183 8,696 Interest Rates Interest Rate Swaps GBP/USD 2,462 195,571 Interest Rate Swaptions JPY / USD 5,354 424,816 Sovereign Debt Futures - Short Contracts USD 961 107,591 Foreign Currency Exchange Rates Foreign Currency Forward Contracts CAD/ CNH/ GBP/ MXN 653 47,754 Foreign Currency Options - Purchased CNH/EUR/HKD/JPY/SAR 4,532 501,465 Total Derivative Assets $ 27,432 $ 1,426,239 Listing currency (1) Fair Value Notional Amounts (2) Derivative Liabilities by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased USD $ 3,286 $ 43,184 Credit Default Swaps - Protection Sold USD 1,952 3,943 Equity Price Contracts for Differences - Long Contracts GBP — 67 Contracts for Differences - Short Contracts EUR / ZAR 1,106 11,424 Total Return Swaps - Long Contracts USD 1,675 26,800 Total Return Swaps - Short Contracts JPY / USD 1,302 10,095 Interest Rates Interest Rate Swaps GBP 722 59,115 Interest Rate Swaptions JPY/USD 1,056 417,052 Sovereign Debt Futures - Short Contracts EUR / GBP 1,608 159,923 Foreign Currency Exchange Rates Foreign Currency Forward Contracts EUR /JPY /SAR 2,009 214,854 Foreign Currency Options - Sold CNH/JPY 1,334 363,840 Total Derivative Liabilities (free standing) $ 16,050 $ 1,310,297 Embedded derivative liabilities in reinsurance contracts (3) USD $ 92 $ 20,000 Total Derivative Liabilities (embedded) $ 92 $ 20,000 (1) BRL = Brazilian Real, CAD = Canadian Dollar, CNH = Chinese Yuan, EUR = Euro, GBP = British Pound, HKD = Hong Kong Dollar, JPY = Japanese Yen, MXN = Mexican Peso, SAR = Saudi Arabian Riyal, USD = US Dollar, ZAR = South African Rand (2) The absolute notional exposure represents the Company’s derivative activity as of December 31, 2016 , which is representative of the volume of derivatives held during the period. (3) The fair value of embedded derivatives in reinsurance contracts is included in reinsurance balances payable in the condensed consolidated balance sheets. The following table sets forth, by major risk type, the Company’s realized and unrealized gains (losses) relating to derivatives for the three and nine months ended September 30, 2017 and 2016 . Realized and unrealized gains (losses) related to free standing derivatives are included in net investment income in the condensed consolidated statements of income . Realized and unrealized gains (losses) related to embedded derivatives are included in other expenses in the condensed consolidated statements of income . Three months ended September 30, 2017 September 30, 2016 Free standing Derivatives - Primary Underlying Risk Realized Gain (Loss) Unrealized Gain (Loss)* Realized Gain (Loss) Unrealized Gain (Loss)* Credit ($ in thousands) Commodity Future Options - Purchased $ — $ — $ (475 ) $ (1,310 ) Credit Credit Default Swaps - Protection Purchased 2,824 (4,059 ) (887 ) (433 ) Credit Default Swaps - Protection Sold (26 ) (288 ) 38 (7 ) Total Return Swaps - Long Contracts — 1,506 — — Equity Price Contracts for Differences - Long Contracts 5,021 13,949 1,666 791 Contracts for Differences - Short Contracts (511 ) (1,219 ) (3,767 ) (2,166 ) Total Return Swaps - Long Contracts 4,655 5,455 2,172 3,174 Total Return Swaps - Short Contracts (2,732 ) (4,519 ) (4,392 ) 831 Interest Rates Commodity Futures - Short Contracts — — 870 — Interest Rate Swaps (7 ) — — — Interest Rate Swaptions — (512 ) (244 ) 216 Sovereign Debt Futures - Short Contracts (139 ) 1,284 — — Total Return Swaps - Long Contracts — — 268 (261 ) Total Return Swaps - Short Contracts — — (100 ) 65 Treasury Futures - Short Contracts — — 14 1,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts (1,863 ) (609 ) (4,110 ) 2,838 Foreign Currency Options - Purchased (529 ) 3 — (384 ) Foreign Currency Options - Sold 1 (2 ) — (1 ) $ 6,694 $ 10,989 $ (8,947 ) $ 4,544 Embedded Derivatives Embedded derivatives in reinsurance contracts $ — $ — $ — $ 39 Total Derivative Liabilities (embedded) $ — $ — $ — $ 39 Nine months ended September 30, 2017 September 30, 2016 Free standing Derivatives - Primary Underlying Risk Realized Gain (Loss) Unrealized Gain (Loss)* Realized Gain (Loss) Unrealized Gain (Loss)* Commodity Price ($ in thousands) Commodity Future Options - Purchased $ — $ — $ 106 $ 490 Credit Credit Default Swaps - Protection Purchased 359 (4,029 ) 5,520 (5,420 ) Credit Default Swaps - Protection Sold 11 (347 ) (4,129 ) 4,245 Total Return Swaps - Long Contracts (29 ) 1,469 — — Equity Price Contracts for Differences - Long Contracts 51,946 20,636 (756 ) 412 Contracts for Differences - Short Contracts (4,716 ) 1,726 803 (1,888 ) Total Return Swaps - Long Contracts 8,517 14,002 (2,654 ) 3,974 Total Return Swaps - Short Contracts (6,475 ) (3,731 ) (3,701 ) (931 ) Interest Rates Commodities Futures - Short Contracts — — (281 ) (52 ) Fixed Income Swap - Short Contracts — — (94 ) — Interest Rate Swaps (3,104 ) (1,740 ) — — Interest Rate Swaptions 522 (2,854 ) (356 ) 171 Sovereign Debt Futures - Short Contracts (8,795 ) 1,942 — — Treasury Futures - Short Contracts — — 14 1,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts (11,898 ) (1,877 ) (13,014 ) (1,913 ) Foreign Currency Options - Purchased (6,716 ) 1,165 (2,040 ) (2,001 ) Foreign Currency Options - Sold 2,185 (82 ) 617 (183 ) $ 21,807 $ 26,280 $ (19,965 ) $ (1,905 ) Embedded Derivatives Embedded derivatives in reinsurance contracts $ — $ (88 ) $ — $ 128 Total Derivative Liabilities (embedded) $ — $ (88 ) $ — $ 128 *Unrealized gain (loss) relates to derivatives still held at reporting date. The Company’s derivative contracts are generally subject to International Swaps and Derivatives Association (“ISDA”) Master Agreements or other similar agreements that contain provisions setting forth events of default and/or termination events (“credit-risk-related contingent features”), including but not limited to provisions setting forth maximum permissible declines in the Company’s net asset value. Upon the occurrence of a termination event with respect to an ISDA Agreement, the Company’s counterparty could elect to terminate the derivative contracts governed by such agreement, resulting in the realization of any net gains or losses with respect to such derivative contracts and the return of collateral held by such party. The Company obtains/provides collateral from/to various counterparties for OTC derivative and futures contracts in accordance with bilateral collateral agreements. As of September 30, 2017 , the aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a net liability position was $4.3 million ( December 31, 2016 - $6.1 million ) for which the Company posted collateral in the form of cash of $117.7 million ( December 31, 2016 - $48.8 million ) in the normal course of business. Similarly, the Company held collateral (approximately $2.8 million ) in cash from certain counterparties as of September 30, 2017 . If the credit-risk-related contingent features underlying these instruments had been triggered as of September 30, 2017 and the Company had to settle these instruments immediately, no additional amounts would be required to be posted that would exceed the settlement amounts of open derivative contracts or in the case of cross margining relationships, the assets in the Company’s prime brokerage accounts are sufficient to offset the derivative liabilities. The Company’s derivatives do not qualify as hedges for financial reporting purposes and are recorded in the condensed consolidated financial statements on a gross basis and not offset against any collateral pledged or received. Pursuant to ISDA master agreements and other counterparty agreements, the Company and its counterparties typically have the ability to net certain payments owed to each other in specified circumstances. In addition, in the event a party to one of the ISDA master agreements or other derivatives agreements defaults, or a transaction is otherwise subject to termination, the non-defaulting party generally has the right to offset against payments owed to the defaulting party or collateral held by the non-defaulting party. The Company has pledged cash collateral to counterparties to support the current value of amounts due to the counterparties based on the value of the underlying security. As of September 30, 2017 and December 31, 2016 , the gross and net amounts of derivative instruments and repurchase and reverse repurchase agreements that are subject to enforceable master netting arrangements or similar agreements were as follows: Gross Amounts not Offset in the Condensed Consolidated Balance Sheet September 30, 2017 Gross Amount (1) Financial Instruments Cash Collateral Received Net Amount Financial assets, derivative assets and collateral received ($ in thousands) Counterparty 1 $ 1,174 $ 1,174 $ — $ — Counterparty 2 3,279 300 — 2,979 Counterparty 3 38,429 5,408 — 33,021 Counterparty 4 5,041 4,290 — 751 Counterparty 5 12,275 3,515 — 8,760 Counterparty 6 3,625 8 2,806 811 Counterparty 8 13,969 3,889 — 10,080 Counterparty 9 965 965 — — $ 78,757 $ 19,549 $ 2,806 $ 56,402 Gross Amounts not Offset in the Condensed Consolidated Balance Sheet September 30, 2017 Gross Amount (2) Financial Instruments Cash Collateral Pledged Net Amount Financial liabilities, derivative liabilities and collateral pledged ($ in thousands) Counterparty 1 $ 3,825 $ 1,174 $ 2,651 $ — Counterparty 2 300 300 — — Counterparty 3 5,408 5,408 — — Counterparty 4 4,290 4,290 — — Counterparty 5 3,515 3,515 — — Counterparty 6 8 8 — — Counterparty 8 3,889 3,889 — — Counterparty 9 2,215 965 1,250 — Counterparty 15 410 — 359 51 $ 23,860 $ 19,549 $ 4,260 $ 51 (1) The gross amounts of assets presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract assets as well as gross OTC option contract assets of $3.0 million included in other investments in the condensed consolidated balance sheets. (2) The gross amounts of liabilities presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract liabilities as well as gross OTC option contract liabilities of $6.6 million included in securities sold, not yet purchased in the condensed consolidated balance sheets. Gross Amounts not Offset in the Condensed Consolidated Balance Sheet December 31, 2016 Derivative Contracts Gross Amount (1) Financial Instruments Cash Collateral Received Net Amount Financial assets, derivative assets and collateral received ($ in thousands) Counterparty 1 $ 535 $ 535 $ — $ — Counterparty 2 3,147 607 — 2,540 Counterparty 3 8,652 4,760 — 3,892 Counterparty 4 1,639 1,639 — — Counterparty 5 7,336 3,027 — 4,309 Counterparty 6 6,262 2,599 3,383 280 Counterparty 7 227 — 197 30 Counterparty 8 277 277 — — Counterparty 9 37 37 — — $ 28,112 $ 13,481 $ 3,580 $ 11,051 Gross Amounts not Offset in the Condensed Consolidated Balance Sheet December 31, 2016 Derivative Contracts Gross Amount (2) Financial Instruments Cash Collateral Pledged Net Amount Financial liabilities, derivative liabilities and collateral pledged ($ in thousands) Counterparty 1 $ 2,959 $ 535 $ 2,424 $ — Counterparty 2 607 607 — — Counterparty 3 4,760 4,760 — — Counterparty 4 3,827 1,639 2,188 — Counterparty 5 3,027 3,027 — — Counterparty 6 2,599 2,599 — — Counterparty 8 977 277 — 700 Counterparty 9 822 37 785 — $ 19,578 $ 13,481 $ 5,397 $ 700 Securities lending transactions Counterparty 3 $ 302 $ 302 $ — $ — $ 302 $ 302 $ — $ — (1) The gross amounts of assets presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract assets as well as gross OTC option contract assets of $0.7 million included in other investments in the condensed consolidated balance sheets. (2) The gross amounts of liabilities presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract liabilities as well as gross OTC option contract liabilities of $3.5 million included in securities sold, not yet purchased in the condensed consolidated balance sheets.

Loss and loss adjustment expens

Loss and loss adjustment expense reserves	9 Months Ended
	Sep. 30, 2017
Insurance Loss Reserves [Abstract]
Loss and loss adjustment expense reserves	As of September 30, 2017 and December 31, 2016 , loss and loss adjustment expense reserves in the condensed consolidated balance sheets was comprised of the following: September 30, December 31, ($ in thousands) Case loss and loss adjustment expense reserves $ 118,444 $ 80,370 Incurred but not reported loss and loss adjustment expense reserves 580,151 522,818 Deferred gains on retroactive reinsurance contracts 774 1,941 $ 699,369 $ 605,129 The following table represents the activity in the loss and loss adjustment expense reserves for the nine months ended September 30, 2017 and 2016 : September 30, September 30, ($ in thousands) Gross reserves for loss and loss adjustment expenses, beginning of period $ 605,129 $ 466,047 Less: loss and loss adjustment expenses recoverable, beginning of period (1 ) (125 ) Net reserves for loss and loss adjustment expenses, beginning of period 605,128 465,922 Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in: Current year 295,379 249,212 Prior years (23,433 ) 25,495 Amortization of deferred gains on retroactive reinsurance contracts (1,397 ) (885 ) Total incurred loss and loss adjustment expenses 270,549 273,822 Net loss and loss adjustment expenses paid in respect of losses occurring in: Current year (47,655 ) (58,523 ) Prior years (145,550 ) (104,161 ) Total net paid losses (193,205 ) (162,684 ) Foreign currency translation 15,310 (11,379 ) Net reserve for loss and loss adjustment expenses, end of period 697,782 565,681 Plus: loss and loss adjustment expenses recoverable, end of period 1,587 1 Gross reserve for loss and loss adjustment expenses, end of period $ 699,369 $ 565,682 Changes in the Company’s loss and loss adjustment expense reserves result from re-estimating loss reserves and from changes in premium estimates. Furthermore, many of the Company’s contracts have sliding scale or profit commissions whereby loss reserve development can be offset by changes in acquisition costs that vary inversely with loss experience. In some instances, the Company can have loss reserve development on contracts where there is no sliding scale or profit commission or where the loss ratio falls outside of the loss ratio range to which the sliding scale or profit commission applies. The $24.8 million decrease in prior years’ reserves, which includes amortization of deferred gains, for the nine months ended September 30, 2017 includes $31.7 million of net favorable reserve development related to re-estimating loss reserves, partially offset by $6.9 million of additional loss reserves resulting from increase s in premium estimates on certain contracts. The net decrease in loss reserves as well as the impact of any offsetting changes in acquisition costs as a result of sliding scale or profit commissions is explained as follows: • The $31.7 million of net favorable prior years’ reserve development for the nine months ended September 30, 2017 was primarily a result of net favorable loss development on certain retroactive reinsurance contracts. These retroactive reinsurance contracts had profit commission terms such that the net favorable reserve development associated with these contracts was offset by similar increases in acquisition costs , resulting in minimal impact in net underwriting loss. • The $6.9 million increase in loss and loss adjustment expenses incurred related to increase s in premium estimates on certain contracts was accompanied by minimal increases in acquisition costs. The increase in earned premium related to the increase in premium estimates was $8.1 million , resulting in a net decrease of $1.2 million in net underwriting loss for the nine months ended September 30, 2017 . The $24.6 million increase in prior years’ reserves, which includes amortization of deferred gains, for the nine months ended September 30, 2016 includes $15.0 million of net adverse reserve development related to re-estimating loss reserves and $9.6 million of additional loss reserves resulting from increases in premium estimates on certain contracts. The net increase in loss reserves as well as the impact of any offsetting changes in acquisition costs as a result of sliding scale or profit commissions is explained as follows: • The $15.0 million of net adverse prior years’ reserve development for the nine months ended September 30, 2016 was accompanied by net decreases of $2.5 million in acquisition costs, resulting in a net increase of $12.5 million in net underwriting loss. The net underwriting loss impact of the adverse loss development was primarily due to: ◦ $4.8 million of net adverse underwriting loss development relating to one multi-line contract written since 2014. This contract contains underlying commercial auto physical damage and auto extended warranty exposure. The adverse loss experience is a result of an increase in the number of reported claims and inadequate pricing in certain segments of the underlying business; ◦ $3.5 million of net adverse underwriting loss development relating to our Florida homeowners’ reinsurance contracts primarily as a result of higher than anticipated water damage claims and an increase in the practice of assignment of benefits whereby homeowners assign their rights for filing and settling claims to attorneys and public adjusters, which has led to increases in the frequency of claims reported as well as the severity of losses and loss adjustment expenses. Contracts for which we experienced this adverse loss development have not been renewed; ◦ $3.3 million of net adverse underwriting loss development relating to a workers’ compensation contract written in 2012, 2013, and 2014 under which we have been experiencing claims developing with higher than anticipated severity, which led to an increase in our previous loss assumptions on this contract; and ◦ $3.1 million of net adverse underwriting loss development relating to non-standard auto contracts, primarily due to the inability of cedents to promptly react to increasing frequency and severity trends, resulting in underpriced business and adverse selection. • The $9.6 million increase in loss and loss adjustment expenses incurred related to the increase in premium estimates on certain contracts was accompanied by a $5.2 million increase in acquisition costs, for a total of $14.8 million increase in loss and loss adjustment expenses incurred and acquisition costs. The related increase in earned premium related to the increase in premium estimates was $14.8 million , resulting in minimal impact in net underwriting loss for the nine months ended September 30, 2016. • In total, the change in net underwriting loss for prior periods due to loss reserve development and adjustments to premium estimates was an increase in net underwriting loss of $12.5 million for the nine months ended September 30, 2016 .

Management, performance and fou

Management, performance and founders fees	9 Months Ended
	Sep. 30, 2017
Management, Performance and Founders Fees [Abstract]
Management, performance and founders fees	Third Point Re, Third Point Re BDA, TPRUSA and Third Point Re USA are parties to Joint Venture and Investment Management Agreements (the “Investment Agreements”) with Third Point LLC and Third Point Advisors LLC (“TP GP”) under which Third Point LLC manages certain jointly held assets. Pursuant to the Investment Agreements, TP GP receives a performance fee allocation equal to 20% of the net investment income of the applicable company’s share of the investment assets managed by Third Point LLC. The performance fee accrued on net investment income is included in liabilities as a performance fee payable to related party during the period, unless funds are redeemed from the Joint Venture accounts, in which case, the proportionate share of performance fee, as described in Note 16 , associated with the redemption is earned and allocated to noncontrolling interests in related party. At the end of each year, the remaining portion of the performance fee payable that has not been included in noncontrolling interests in related party through redemptions is earned and then allocated to TP GP’s capital account in accordance with the Investment Agreements. The performance fee is subject to a loss carryforward provision pursuant to which TP GP is required to maintain a loss recovery account, which represents the sum of all prior period net loss amounts, not offset by prior year net profit amounts, and that is allocated to future profit amounts until the loss recovery account has returned to a positive balance. Until such time, no performance fees are payable under the Investment Agreements. Additionally, Third Point LLC is entitled to receive management fees, which are paid monthly. Pursuant to the Investment Agreements, a total management fee of 1.5% ( 2.0% up to December 22, 2016), of net investments managed by Third Point LLC was paid to Third Point LLC and certain founding investors. For the three and nine months ended September 30, 2017 and 2016 , management and performance fees to related parties are as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Management fees - Third Point LLC $ 9,507 $ 1,638 $ 26,751 $ 4,741 Management fees - Founders (1) — 9,322 — 26,905 Performance fees - Third Point Advisors LLC 21,041 21,892 76,428 24,846 $ 30,548 $ 32,852 $ 103,179 $ 56,492 (1) KEP TP Bermuda Ltd., KIA TP Bermuda Ltd., Pine Brook LVR, L.P., P RE Opportunities Ltd. and Dowling Capital Partners I, L.P., collectively the “Founders”, received a share of the management fees in proportion to their initial investments in Third Point Re until December 22, 2016. As of September 30, 2017 , $73.2 million related to performance fees due under the Investment Agreements was included in performance fee payable to related party in the condensed consolidated balance sheets. As of December 31, 2016 , $17.3 million related to performance fees earned by TP GP were included in noncontrolling interests in related party.

Deposit contracts

Deposit contracts	9 Months Ended
	Sep. 30, 2017
Deposit Contracts, Liabilities [Abstract]
Deposit contracts	The following table represents activity for the deposit contracts for the nine months ended September 30, 2017 and year ended December 31, 2016 : September 30, December 31, ($ in thousands) Balance, beginning of period $ 104,905 $ 83,955 Consideration received 9,143 22,463 Consideration receivable 13,520 — Net investment expense (income) allocation and change in fair value of embedded derivatives 1,472 (164 ) Payments (2,763 ) (915 ) Foreign currency translation 214 (434 ) Balance, end of period $ 126,491 $ 104,905

Senior notes payable and letter

Senior notes payable and letter of credit facilities	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Senior notes payable and letter of credit facilities	Senior Notes payable As of September 30, 2017 , TPRUSA had outstanding debt obligations consisting of an aggregate principal amount of $115.0 million of senior unsecured notes (the “Notes”) due February 13, 2025. The Notes bear interest at 7.0% and interest is payable semi-annually on February 13 and August 13 of each year. The Notes are fully and unconditionally guaranteed by Third Point Re, and, in certain circumstances specified in the indenture governing the Notes, certain existing or future subsidiaries of the Company may be required to guarantee the Notes. As of September 30, 2017 , the Company had capitalized $1.3 million of costs associated with the Notes, which are presented as a direct deduction from the principal amount of the Notes on the condensed consolidated balance sheets. As of September 30, 2017 , the Notes had an estimated fair value of $121.3 million ( December 31, 2016 - $103.4 million ). The fair value measurements were based on observable inputs and therefore were considered to be Level 2. The Company was in compliance with all debt covenants as of September 30, 2017 and December 31, 2016 . Letters of credit As of September 30, 2017 , the Company had entered into the following letter of credit facilities: Facility (1) Utilized Collateral September 30, 2017 ($ in thousands) Citibank $ 300,000 $ 139,020 $ 139,020 Lloyds Bank 125,000 70,474 70,474 $ 425,000 $ 209,494 $ 209,494 (1) On August 22, 2017, the J.P. Morgan facility of $50.0 million with Third Point Re BDA was not renewed. The Company’s letter of credit facilities are bilateral agreements that generally renew on an annual basis. The letters of credit issued under the letter of credit facilities are fully collateralized. See Note 3 for additional information.

Net investment income

Net investment income	9 Months Ended
	Sep. 30, 2017
Net Investment Income [Abstract]
Net investment income (loss)	Net investment income for the three and nine months ended September 30, 2017 and 2016 consisted of the following: Three months ended Nine months ended September 30, September 30, September 30, September 30, Net investment income by type ($ in thousands) Net realized gains on investments and investment derivatives $ 25,877 $ 20,688 $ 180,382 $ 62,642 Net unrealized gains on investments and investment derivatives 75,666 90,709 203,461 89,470 Net gains (losses) on foreign cu rrencies 7,572 (1,191 ) 5,419 (2,158 ) Dividend and interest income 17,355 15,238 57,062 56,262 Dividends paid on securities sold, not yet purchased (1,537 ) (324 ) (3,205 ) (1,284 ) Other expenses (4,883 ) (4,508 ) (15,063 ) (14,926 ) Net gain (loss) on investment in Kiskadee Fund (534 ) 596 (74 ) 1,078 Net investment income before management and performance fees to related parties 119,516 121,208 427,982 191,084 Management and performance fees to related parties (30,548 ) (32,852 ) (103,179 ) (56,492 ) $ 88,968 $ 88,356 $ 324,803 $ 134,592 The following table provides an additional breakdown of our net investment income by asset and liability type for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Net investment income (loss) by asset type ($ in thousands) Equity securities $ 81,778 $ 89,979 $ 343,605 $ 111,485 Private common equity securities (65 ) 203 (26 ) (1,034 ) Private preferred equity securities 1,439 2,949 3,066 (2,398 ) Total equities 83,152 93,131 346,645 108,053 Asset-backed securities 6,532 11,431 11,665 3,367 Bank debt 1,277 3,582 7,491 3,933 Corporate bonds 999 33,160 6,707 96,375 U.S. Treasury securities 806 (447 ) 3,171 6,759 Sovereign debt 9,835 11,181 21,683 33,329 Other debt securities 2,417 — 2,417 — Total debt securities 21,866 58,907 53,134 143,763 Options (9,343 ) (12,440 ) (26,409 ) (26,934 ) Rights and warrants (16 ) (15 ) 22 (298 ) Real estate 398 — 398 — Trade claims (716 ) (295 ) (497 ) 140 Total other investments (9,677 ) (12,750 ) (26,486 ) (27,092 ) Net investment income in funds valued at NAV 2,216 1,117 8,939 1,895 Total net investment income from invested assets 97,557 140,405 382,232 226,619 Net investment income (loss) by liability type Equity securities (6,144 ) (15,503 ) (13,611 ) (8,228 ) Sovereign debt — (1 ) 2 (383 ) Corporate bonds 350 333 (1,819 ) (4,720 ) Options 4,593 4,488 8,175 8,818 Total net investment loss from securities sold, not yet purchased (1,201 ) (10,683 ) (7,253 ) (4,513 ) Other investment income (losses) and other expenses not presented above Other investment expenses (1,477 ) (1,436 ) (400 ) (4,231 ) Net investment income (loss) on derivative contracts 17,683 (4,403 ) 48,087 (21,870 ) Net investment income (loss) on cash, including foreign exchange gain (loss) 5,738 (3,279 ) (255 ) (7,638 ) Net investment losses on securities purchased under an agreement to sell and securities sold under and agreement to repurchase — (370 ) (39 ) (1,937 ) Withholding taxes reclassified to income tax expense 1,216 974 5,610 4,654 Total other investment income (losses) and other expenses 23,160 (8,514 ) 53,003 (31,022 ) Net investment income before management and performance fees to related parties 119,516 121,208 427,982 191,084 Management and performance fees to related parties (30,548 ) (32,852 ) (103,179 ) (56,492 ) Net investment income $ 88,968 $ 88,356 $ 324,803 $ 134,592

Other expenses

Other expenses	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Other expenses	Other expenses for the three and nine months ended September 30, 2017 and 2016 consisted of the following: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Deposit liabilities investment expense (income) $ 1,160 $ (1,838 ) $ 1,472 $ (507 ) Reinsurance contracts investment expense 2,686 2,224 7,292 6,861 Change in fair value of embedded derivatives in deposit and reinsurance contracts — (39 ) 88 (128 ) $ 3,846 $ 347 $ 8,852 $ 6,226

Income taxes

Income taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income taxes	The Company provides for income tax expense or benefit based upon pre-tax income or loss reported in the condensed consolidated statements of income and the provisions of currently enacted tax laws. The Company and its Bermuda subsidiaries are incorporated under the laws of Bermuda and are subject to Bermuda law with respect to taxation. Under current Bermuda law, the Company and its Bermuda subsidiaries are not subject to any income or capital gains taxes in Bermuda. In the event that such taxes are imposed, the Company and its Bermuda subsidiaries would be exempted from any such taxes until March 2035 under the Tax Assurance Certificates issued to such entities pursuant to the Bermuda Exempted Undertakings Tax Protection Act of 1966, as amended. The Company has an operating subsidiary incorporated in Bermuda, Third Point Re USA, which made an election to pay tax in the United States of America under Section 953(d) of the U.S. Internal Revenue Code of 1986, as amended. The operations of Third Point Re USA will be subject to U.S. federal income taxes generally at a rate of 35%. Our non-U.S. subsidiaries would become subject to U.S. federal income tax only to the extent that they derive income from activity that is deemed to be the conduct of a trade or business within the United States. As of September 30, 2017 , the Company has income tax returns open for examination in the United States for the tax years 2015 and 2016. The Company also has subsidiaries in the United Kingdom, TPRUK and Third Point Re UK, which are subject to applicable taxes in that jurisdiction. The Company is subject to withholding taxes on income sourced in the United States and in other countries, subject to each countries’ specific tax regulations. Income subject to withholding taxes includes, but is not limited to, dividends, capital gains and interest on certain investments. The Company has recorded uncertain tax positions related to investment transactions in certain foreign jurisdictions. As of September 30, 2017 , the Company has accrued $1.9 million (December 31, 2016 - $1.6 million ) for uncertain tax positions. For the three and nine months ended September 30, 2017 and 2016 , the Company recorded income tax expense, as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Income tax expense related to U.S. and U.K. subsidiaries (1) $ 2,219 $ 1,372 $ 8,246 $ 1,053 Change in uncertain tax positions 40 138 224 158 Withholding taxes on certain investment transactions 1,216 974 5,610 4,654 $ 3,475 $ 2,484 $ 14,080 $ 5,865 (1) As of September 30, 2017 , the Company no longer has net deferred tax assets (December 31, 2016 - $7.9 million ). Deferred tax assets as of December 31, 2016 are included in other assets in the condensed consolidated balance sheets.

Share capital

Share capital	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Share capital	The following tables present a summary of the common shares issued and outstanding and shares repurchased held as treasury shares as of and for the nine months ended September 30, 2017 and 2016 : Common shares 2017 2016 Balance, beginning of period 106,501,299 105,479,341 Options exercised 150,802 388,152 Restricted shares granted, net of forfeitures 36,418 47,712 Performance restricted shares granted, net of forfeitures 694,886 468,723 Balance, end of period 107,383,405 106,383,928 Treasury shares 2017 2016 Balance, beginning of period 644,768 — Repurchase of common shares 3,300,152 644,768 Balance, end of period 3,944,920 644,768 Authorized and issued The Company’s authorized share capital of $33.0 million is comprised of 300,000,000 common shares with a par value of $0.10 each and 30,000,000 preference shares with a par value of $0.10 each. No preference shares have been issued to date. Share repurchases On May 4, 2016, the Company’s Board of Directors authorized a common share repurchase program for up to an aggregate of $100.0 million of the Company’s outstanding common shares. Under the common share repurchase program, the Company may repurchase shares from time to time in privately negotiated transactions or in open-market purchases in accordance with all applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. During the three months ended September 30, 2017 , the Company did not repurchase any of its common shares. During the nine months ended September 30, 2017 , the Company repurchased 3,300,152 of its common shares in the open market for $40.9 million at a weighted average cost, including commissions, of $ 12.38 per share. Common shares repurchased by the Company were not canceled and are classified as treasury shares. As of September 30, 2017 , the Company is authorized to repurchase up to an aggregate of $51.7 million of additional common shares under its share repurchase program.

Share-based compensation

Share-based compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation	The following table provides the total share-based compensation expense included in general and administrative expenses during the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Management and director options $ 94 $ 1,660 $ 553 $ 4,769 Restricted shares with service condition 196 387 474 979 Restricted shares with service and performance condition 350 (153 ) 2,987 848 $ 640 $ 1,894 $ 4,014 $ 6,596 As of September 30, 2017 , the Company had $ 7.3 million ( December 31, 2016 - $4.6 million ) of unamortized share compensation expense, which is expected to be amortized over a weighted average period of 1.6 years ( December 31, 2016 - 1.4 years ). Management and director options The management and director options activity for the nine months ended September 30, 2017 and year ended December 31, 2016 were as follows: Number of options Weighted average exercise price Balances as of January 1, 2016 10,250,586 $ 13.52 Forfeited (139,534 ) 18.00 Exercised (514,059 ) 10.00 Balances as of January 1, 2017 9,596,993 13.64 Forfeited (558,138 ) 18.00 Exercised (150,802 ) 10.00 Balances as of September 30, 2017 8,888,053 $ 13.43 As of September 30, 2017 , the weighted average remaining contractual term for options outstanding was 4.4 years ( December 31, 2016 - 4.9 years ). The following table summarizes information about the Company’s management and director share options outstanding as of September 30, 2017 : Options outstanding Options exercisable Range of exercise prices Number of options Weighted average exercise price Remaining contractual life Number of options Weighted average exercise price $10.00 - $10.89 5,123,532 $ 10.04 4.3 years 5,081,671 $ 10.03 $15.05 - $16.89 1,917,145 15.93 4.5 years 1,819,471 15.96 $20.00 - $25.05 1,847,376 20.26 4.5 years 1,777,610 20.17 8,888,053 $ 13.43 4.4 years 8,678,752 $ 13.35 Restricted shares with service condition Restricted share award activity for the nine months ended September 30, 2017 and year ended December 31, 2016 was as follows: Number of non- vested restricted shares Weighted average grant date fair value Balance as of January 1, 2016 301,043 $ 11.12 Granted 47,712 11.37 Vested (47,712 ) 11.37 Balance as of January 1, 2017 301,043 11.12 Granted 36,418 12.15 Vested (238,719 ) 10.30 Balance as of September 30, 2017 98,742 $ 11.25 Restricted shares with service condition vest either ratably or at the end of the required service period and contain certain restrictions during the vesting period, relating to, among other things, forfeiture in the event of termination of employment or service and transferability. Restricted shares with service and performance condition Restricted share award activity for the restricted shares with a service and performance condition for the nine months ended September 30, 2017 and year ended December 31, 2016 were as follows: Number of non- vested restricted shares Number of non- vested restricted shares probable of vesting Weighted average grant date fair value of shares probable of vesting Balance as of January 1, 2016 921,553 536,234 $ 14.24 Granted 653,958 435,974 11.40 Forfeited (193,771 ) (119,009 ) 13.16 Change in estimated restricted shares considered probable of vesting n/a (275,713 ) 13.06 Balance as of January 1, 2017 1,381,740 577,486 12.91 Granted 935,825 623,882 12.17 Forfeited (240,939 ) — 14.60 Vested (136,618 ) (136,618 ) 14.60 Change in estimated restricted shares considered probable of vesting n/a (102,080 ) 12.31 Balance as of September 30, 2017 1,940,008 962,670 $ 12.25

Non-controlling interests

Non-controlling interests	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Non-controlling interests	Noncontrolling interests in related party represents the portion of equity in consolidated subsidiaries not attributable, directly or indirectly, to the Company. The joint ventures created through the Investment Agreements ( Note 8 ) have been considered variable interest entities and have been consolidated in accordance with ASC 810, Consolidation (ASC 810). Since the Company was deemed to be the primary beneficiary, the Company has consolidated the joint ventures and has recorded TP GP’s minority interests as redeemable noncontrolling interests in related party and noncontrolling interests in related party in the condensed consolidated balance sheets. A portion of the noncontrolling interest in investment affiliates is subject to contractual withdrawal rights of TP GP, whereas TP GP, at its sole discretion, can withdraw the capital over the minimum capital required to be maintained in its capital accounts. This excess capital is therefore recorded on the Company’s consolidated balance sheets as redeemable noncontrolling interest in related party whereas the required minimum capital is recorded as noncontrolling interests in related party within shareholders’ equity on the Company’s consolidated balance sheet since it does not have withdrawal rights. The following table is a reconciliation of the beginning and ending carrying amounts of redeemable noncontrolling interests in related party, noncontrolling interests in related party and total noncontrolling interests in related party for the nine months ended September 30, 2017 and 2016 (See Note 2 for additional information on changes in the presentation of noncontrolling interests): Redeemable noncontrolling interests in related party Noncontrolling interests in related party Total noncontrolling interests in related party September 30, September 30, 2016 September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Balance, beginning of period $ — $ — $ 35,674 $ 16,157 $ 35,674 $ 16,157 Changes in capital account allocation 16,813 — (30,433 ) 2,473 (13,620 ) 2,473 Balance, end of period $ 16,813 $ — $ 5,241 $ 18,630 $ 22,054 $ 18,630 In addition, the following table is a reconciliation of beginning and ending carrying amount of total noncontrolling interests in related party resulting from the consolidation of the Company’s joint venture in Third Point Re BDA and Third Point Re USA: Third Point Re BDA Third Point Re USA Total September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Balance, beginning of period $ 30,358 $ 14,152 $ 5,316 $ 2,005 $ 35,674 $ 16,157 Net income attributable to total noncontrolling interests in related party 2,503 1,263 657 210 3,160 1,473 Contributions (1) 2,865 — 354 1,000 3,219 1,000 Redemptions (17,999 ) — (2,000 ) — (19,999 ) — Balance, end of period $ 17,727 $ 15,415 $ 4,327 $ 3,215 $ 22,054 $ 18,630 (1) Contributions include performance fees earned associated with redemptions made in the period. See Note 8 for additional information. The following variable interest entities were not consolidated as per ASC 810: TP Lux Holdco LP The Company is a limited partner in TP Lux Holdco LP (the “Cayman HoldCo”), which is an affiliate of the Investment Manager. The Cayman HoldCo was formed as a limited partnership under the laws of the Cayman Islands and invests and holds debt and equity interests in TP Lux HoldCo S.a.r.l, a Luxembourg private limited liability company (the “LuxCo”) established under the laws of the Grand-Duchy of Luxembourg, which is also an affiliate of the Investment Manager. LuxCo’s principal objective is to act as a collective investment vehicle to purchase Euro debt and equity investments. The Company invests in the Cayman HoldCo alongside other investment funds managed by the Investment Manager. As of September 30, 2017 , Third Point Re BDA held a 15.6% ( December 31, 2016 - 13.8% ) interest in the Cayman Holdco. The Company accounts for its investment in the limited partnership under the variable interest model, in which the Company is not the primary beneficiary, at fair value in the condensed consolidated balance sheets. The Company has elected the fair value option for this investment and records changes in fair value in the condensed consolidated statements of income . As of September 30, 2017 , the estimated fair value of the investment in the limited partnership was $0.6 million ( December 31, 2016 - $ 37.6 million). The Company received net distributions of $39.6 million from the Cayman HoldCo during the nine months ended September 30, 2017 due to the disposition of underlying investments (2016 - $2.0 million ). The valuation policy with respect to this investment in a limited partnership is further described in Note 4 . The Company’s maximum exposure to loss as a result of its involvement with this investment is limited to the carrying value of the investment. Third Point Hellenic Recovery US Feeder Fund, L.P. Third Point Re BDA is a limited partner in Third Point Hellenic Recovery US Feeder Fund, L.P. (the “Hellenic Fund”), which is an affiliate of the Investment Manager. The Hellenic Fund was formed as a limited partnership under the laws of the Cayman Islands on April 12, 2013 and invests and holds debt and equity interests. Third Point Re BDA has committed to invest $10.9 million ( December 31, 2016 - $10.6 million ) in the Hellenic Fund. Capital distributions of $1.3 million were made during the nine months ended September 30, 2017 . No capital distributions or calls were made during the nine months ended September 30, 2016 . As of September 30, 2017 , the estimated fair value of Third Point Re BDA’s investment in the Hellenic Fund was $5.2 million ( December 31, 2016 - $5.5 million), representing a 2.9% interest ( December 31, 2016 - 2.8% ). Third Point Re BDA accounts for its investment in the limited partnership under the variable interest model, in which Third Point Re BDA is not the primary beneficiary, at fair value in the condensed consolidated balance sheets. The Company has elected the fair value option for this investment and records the change in the fair value in the condensed consolidated statements of income . The valuation policy with respect to this investment in a limited partnership is further described in Note 4 . Third Point Re BDA’s maximum exposure to loss as a result of its involvement with this investment is limited to the carrying value of the investment. TP DR Holdings LLC The Company holds an equity and debt investment in TP DR Holdings LLC (“TP DR”), which is an affiliate of the Investment Manager. In December 2016, TP DR was formed as a limited liability company under the laws of the Cayman Islands to invest and own 100% equity interest in DCA Holdings Six Ltd. and its wholly owned subsidiary group. TP DR’s principal objective is to own, develop and manage properties in the Dominican Republic. The Company invests in TP DR alongside other investment funds managed by the Investment Manager and third-party investors. As of September 30, 2017 , Third Point Re BDA held a 6.8% equity ( December 31, 2016 - 7.2% ) and 13.1% debt interest ( December 31, 2016 - 13.7% ) in TP DR. The Company has elected the fair value option for its investments in TP DR and records changes in fair value in the condensed consolidated statements of income . The Company accounts for its equity investment in TP DR under the variable interest model, in which the Company is not the primary beneficiary, at fair value in the condensed consolidated balance sheets. As of September 30, 2017 , the estimated fair value of the investment was $11.7 million ( December 31, 2016 - $9.5 million ), corresponding to $2.9 million of equity ( December 31, 2016 - $0.9 million ) and $8.8 million of debt interest ( December 31, 2016 - $8.6 million ). During the nine months ended September 30, 2017 , the Company contributed cash of $1.4 million (2016 - $ nil ) to TP DR. The Company has no further commitments or guarantees with respect to TP DR. The valuation policy with respect to this investment in investment funds is further described in Note 4. The Company’s maximum exposure to loss as a result of its involvement with this investment is limited to the carrying value of the investment. Cloudbreak II Cayman Ltd and TP Trading II LLC The Company holds an equity interest in Cloudbreak II Cayman Ltd, Cloudbreak II US LLC (collectively, the “Cloudbreak entities”) and TP Trading II LLC which are affiliates of the Investment Manager. The Company invests in the Cloudbreak entities and TP Trading II LLC alongside other investment funds managed by the Investment Manager. These entities’ are invested in a structure whose primary purpose is to purchase consumer loans for securitization and warrants from a marketplace lending platform. As of September 30, 2017 , the Cloudbreak entities held $5.5 million of the Company’s asset-backed security investments, which are included in investments in securities in the condensed consolidated balance sheet. The Company’s pro rata interest in the underlying investments is registered in the name of Cloudbreak II US LLC and the related income and expense are reflected in the condensed consolidated balance sheets and the condensed consolidated statements of income . As of September 30, 2017 , Third Point Re BDA held a 8.5% interest in TP Trading II LLC. The Company has elected the fair value option for its investment TP Trading II LLC and records changes in fair value in the condensed consolidated statements of income. The Company accounts for its equity investment in TP Trading II LLC under the variable interest model, in which the Company is not the primary beneficiary, at fair value in the condensed consolidated balance sheets. As of September 30, 2017 , the estimated fair value of the investment was $4.7 million . The valuation policy with respect to this investment is further described in Note 4.

Earnings (loss)per share

Earnings (loss)per share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Earnings (loss) per share	The following sets forth the computation of basic and diluted earnings per share available to Third Point Re common shareholders for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, September 30, September 30, September 30, Weighted-average number of common shares outstanding: ($ in thousands, except share and per share amounts) Basic number of common shares outstanding, net of treasury shares 101,391,145 103,780,196 102,553,346 104,055,946 Dilutive effect of options 1,536,419 940,627 1,162,851 570,580 Dilutive effect of warrants 1,416,696 912,286 1,067,832 682,594 Dilutive effect of restricted shares with service and performance condition 335,314 162,204 256,222 281,548 Diluted number of common shares outstanding 104,679,574 105,795,313 105,040,251 105,590,668 Basic earnings per common share: Net income available to Third Point Re common shareholders $ 54,685 $ 72,081 $ 233,449 $ 74,328 Net income allocated to Third Point Re participating common shareholders (55 ) (241 ) (256 ) (233 ) Net income allocated to Third Point Re common shareholders $ 54,630 $ 71,840 $ 233,193 $ 74,095 Basic earnings per share available to Third Point Re common shareholders $ 0.54 $ 0.69 $ 2.27 $ 0.71 Diluted earnings per common share: Net income available to Third Point Re common shareholders $ 54,685 $ 72,081 $ 233,449 $ 74,328 Net income allocated to Third Point Re participating common shareholders (53 ) (237 ) (250 ) (229 ) Net income allocated to Third Point Re common shareholders $ 54,632 $ 71,844 $ 233,199 $ 74,099 Diluted earnings per share available to Third Point Re common shareholders $ 0.52 $ 0.68 $ 2.22 $ 0.70 For the three months ended September 30, 2017 and 2016 , anti-dilutive options of 3,825,188 and 4,322,659 , respectively, were excluded from the computation of diluted earnings per share. For the nine months ended September 30, 2017 and 2016 , anti-dilutive options of 4,155,013 and 4,384,788 , respectively, were excluded from the computation of diluted earnings per share.

Related party transactions

Related party transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related party transactions	In addition to the transactions disclosed in Notes 4 , 8 and 16 to these condensed consolidated financial statements, the following transaction is classified as a related party transaction, as the counterparties have either a direct or indirect shareholding in the Company or the Company has an investment in such counterparty. Third Point Loan L.L.C. (“Loan LLC”) and Third Point Ventures LLC (“Ventures LLC” and, together with Loan LLC, “Nominees”) serve as nominees of the Company and other affiliated investment management clients of the Investment Manager for certain investments. The Nominees have appointed the Investment Manager as its true and lawful agent and attorney. As of September 30, 2017 , Loan LLC held $128.4 million ( December 31, 2016 - $ 124.1 million) and Ventures LLC held $27.3 million ( December 31, 2016 - $ 22.6 million ) of the Company’s investments, which are included in investments in securities and derivative contracts in the condensed consolidated balance sheets. The Company’s pro rata interest in the underlying investments registered in the name of the Nominees and the related income and expense are reflected in the condensed consolidated balance sheets and the condensed consolidated statements of income .

Financial instruments with off-

Financial instruments with off-balance sheet risk or concentrations of credit risk	9 Months Ended
	Sep. 30, 2017
Guarantees [Abstract]
Financial instruments with off-balance sheet risk or concentrations of credit risk	Off-balance sheet risk In the normal course of business, the Company trades various financial instruments and engages in various investment activities with off-balance sheet risk. These financial instruments include securities sold, not yet purchased, forwards, futures, options, swaptions, swaps and contracts for differences. Generally, these financial instruments represent future commitments to purchase or sell other financial instruments at specific terms at specified future dates. Each of these financial instruments contains varying degrees of off-balance sheet risk whereby changes in the fair values of the securities underlying the financial instruments or fluctuations in interest rates and index values may exceed the amounts recognized in the condensed consolidated balance sheets. Securities sold, not yet purchased are recorded as liabilities in the condensed consolidated balance sheets and have market risk to the extent that the Company, in satisfying its obligations, may be required to purchase securities at a higher value than that recorded in the condensed consolidated balance sheets. The Company’s investments in securities and commodities and amounts due from brokers are partially restricted until the Company satisfies the obligation to deliver securities sold, not yet purchased. Forward and futures contracts are a commitment to purchase or sell financial instruments, currencies or commodities at a future date at a negotiated rate. Forward and futures contracts expose the Company to market risks to the extent that adverse changes occur to the underlying financial instruments such as currency rates or equity index fluctuations. Option contracts give the purchaser the right, but not the obligation, to purchase from or sell to the option writer financial instruments, commodities or currencies within a defined time period for a specified price. The premium received by the Company upon writing an option contract is recorded as a liability, marked to market on a daily basis and is included in securities sold, not yet purchased in the condensed consolidated balance sheets. In writing an option, the Company bears the market risk of an unfavorable change in the financial instrument underlying the written option. Exercise of an option written by the Company could result in the Company selling or buying a financial instrument at a price different from the current fair value. In the normal course of trading activities in its investment portfolio, the Company trades and holds certain derivative contracts, such as written options, which constitute guarantees. The maximum payout for written put options is limited to the number of contracts written and the related strike prices and the maximum payout for written call options is dependent upon the market price of the underlying security at the date of a payout event. As of September 30, 2017 , the investment portfolio had a maximum payout amount of approximately $346.9 million ( December 31, 2016 - $ 87.5 million) relating to written put option contracts with expiration ranging from two months to three months from the balance sheet date. The maximum payout amount could be offset by the subsequent sale, if any, of assets obtained via the settlement of a payout event. The fair value of these written put options as of September 30, 2017 was $1.4 million ( December 31, 2016 - $ 1.3 million) and is included in securities sold, not yet purchased in the condensed consolidated balance sheets. Swaption contracts give the Company the right, but not the obligation, to enter into a specified interest-rate swap within a specified period of time. The Company’s market and counterparty credit risk is limited to the premium paid to enter into the swaption contract and net unrealized gains. Total return swaps, contracts for differences, index swaps, and interest rate swaps that involve the exchange of cash flows between the Company and counterparties are based on the change in the fair value of a particular equity, index, or interest rate on a specified notional holding. The use of these contracts exposes the Company to market risks equivalent to actually holding securities of the notional value but typically involve little capital commitment relative to the exposure achieved. The gains or losses of the Company may therefore be magnified on the capital commitment. Credit derivatives Credit default swaps protect the buyer against the loss of principal on one or more underlying bonds, loans, or mortgages in the event the issuer suffers a credit event. Typical credit events include failure to pay or restructuring of obligations, bankruptcy, dissolution or insolvency of the underlying issuer. The buyer of the protection pays an initial and/or a periodic premium to the seller and receives protection for the period of the contract. If there is not a credit event, as defined in the contract, the buyer receives no payments from the seller. If there is a credit event, the buyer receives a payment from the seller of protection as calculated by the contract between the two parties. The Company may also enter into index and/or basket credit default swaps where the credit derivative may reference a basket of single-name credit default swaps or a broad-based index. Generally, in the event of a default on one of the underlying names, the buyer will receive a pro-rata portion of the total notional amount of the credit default index or basket contract from the seller. When the Company purchases single-name, index and basket credit default swaps, the Company is exposed to counterparty nonperformance. Upon selling credit default swap protection, the Company may expose itself to the risk of loss from related credit events specified in the contract. Credit spreads of the underlying positions together with the period of expiration is indicative of the likelihood of a credit event under the credit default swap contract and the Company’s risk of loss. Higher credit spreads and shorter expiration dates are indicative of a higher likelihood of a credit event resulting in the Company’s payment to the buyer of protection. Lower credit spreads and longer expiration dates would indicate the opposite and lowers the likelihood the Company needs to pay the buyer of protection. As of September 30, 2017 , there was no cash collateral received specifically related to written credit default swaps as collateral is based on the net exposure associated with all derivative instruments subject to applicable netting agreements with counterparties and may not be specific to any individual derivative contract. The following table sets forth certain information related to the Company’s written credit derivatives as of September 30, 2017 and December 31, 2016 : September 30, 2017 Maximum Payout/ Notional Amount Fair Value of Written Credit Derivatives (2) Credit Spreads on underlying (basis points) 0-5 years 5 years or Total Written Asset Liability Net Asset/(Liability) ($ in thousands) Single name (0 - 250) $ 3,320 $ 2,393 $ 5,713 $ — $ 2,760 $ (2,760 ) Single name (251 - 500) 1,318 — 1,318 — 68 (68 ) $ 4,638 $ 2,393 $ 7,031 $ — $ 2,828 $ (2,828 ) December 31, 2016 Maximum Payout/ Notional Amount Fair Value of Written Credit Derivatives (2) Credit Spreads on underlying (basis points) 0-5 years 5 years or Total Written Asset Liability Net Asset/(Liability) ($ in thousands) Single name (0 - 250) $ — $ 3,943 $ 3,943 $ — $ 1,952 $ (1,952 ) (1) As of September 30, 2017 and December 31, 2016 , the Company did not hold any offsetting buy protection credit derivatives with the same underlying reference obligation. (2) Fair value amounts of derivative contracts are shown on a gross basis prior to cash collateral or counterparty netting. Concentrations of credit risk Investments In addition to off-balance sheet risks related to specific financial instruments, the Company may be subject to concentrations of credit risk with certain counterparties. Substantially all securities transactions and individual counterparty concentrations are with major securities firms, such as prime brokers or their affiliates. However, the Company reduces its credit risk with counterparties by entering into master netting agreements. Therefore, assets represent the Company’s greater unrealized gains less unrealized losses for derivative contracts in which the Company has master netting agreements. Similarly, liabilities represent the Company’s greater unrealized losses less unrealized gains for derivative contracts in which the Joint Ventures have master netting agreements. Furthermore, the Company obtains collateral from counterparties to reduce its exposure to counterparty credit risk. The Company’s maximum exposure to credit risk associated with counterparty nonperformance on derivative contracts is limited to the net unrealized gains by counterparties inherent in such contracts which are recognized in the condensed consolidated balance sheets. As of September 30, 2017 , the Company’s maximum counterparty credit risk exposure was $78.8 million ( December 31, 2016 - $ 28.1 million). Underwriting The Company is exposed to credit risk in several reinsurance contracts with companies that write credit risk insurance, which primarily consists of mortgage insurance credit risk. Loss experience in these lines of business is cyclical and is affected by the state of the general economic environment. The Company provides its clients in these lines of business with reinsurance protection against credit deterioration, defaults or other types of financial non-performance. The Company mitigates the risks associated with these credit-sensitive lines of business through the use of risk management techniques such as risk diversification and monitoring of risk aggregations. The Company has exposure to credit risk as it relates to its business written through brokers, if any of the Company’s brokers are unable to fulfill their contractual obligations with respect to payments to the Company. In addition, in some jurisdictions, if the broker fails to make payments to the insured under the Company’s policy, the Company may remain liable to the insured for the deficiency. The Company’s exposure to such credit risk is somewhat mitigated in certain jurisdictions by contractual terms. The Company has exposure to credit risk related to balances receivable under our reinsurance contracts, including funds withheld and premiums receivable, and the possibility that counterparties may default on their obligations to the Company. The risk of counterparty default is partially mitigated by the fact that any amount owed from a reinsurance counterparty would be netted against any losses or acquisition costs the Company would pay in the future. The Company monitors the collectability of these balances on a regular basis.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Investments Loan and other participation interests purchased by the Company, such as bank debt, may include revolving credit arrangements or other financing commitments obligating the Company to advance additional amounts on demand. As of September 30, 2017 , the Company had one unfunded capital commitment of $3.3 million related to its investment in the Hellenic Fund (see Note 16 for additional information). In the normal course of business, the Company, as part of its investment strategy, enters into contracts that contain a variety of indemnifications and warranties. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. However, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote. Thus, no amounts have been accrued related to such indemnifications. The Company also indemnifies TP GP, Third Point LLC and its employees from and against any loss or expense, including, without limitation any judgment, settlement, legal fees and other costs. Any expenses related to this indemnification are reflected in net investment income in the condensed consolidated statements of income . Financing In February 2015, TPRUSA issued $ 115.0 million of Notes due February 13, 2025. The Notes bear interest at 7.0% and interest is payable semi-annually on February 13 and August 13 of each year. The Notes are fully and unconditionally guaranteed by Third Point Re, and, in certain circumstances specified in the indenture governing the Notes, certain existing or future subsidiaries of the Company may be required to guarantee the Notes. Litigation From time to time in the normal course of business, the Company may be involved in formal and informal dispute resolution procedures, which may include arbitration or litigation, the outcomes of which determine the rights and obligations under the Company’s reinsurance contracts and other contractual agreements. In some disputes, the Company may seek to enforce its rights under an agreement or to collect funds owing to it. In other matters, the Company may resist attempts by others to collect funds or enforce alleged rights. While the final outcome of legal disputes that may arise cannot be predicted with certainty, the Company is not currently involved in any material formal or informal dispute resolution procedures.

Segment reporting

Segment reporting	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment reporting	The determination of the Company’s business segments is based on the manner in which management monitors the performance of its operations. The Company reports one operating segment, Property and Casualty Reinsurance. The Company has also identified a corporate function that includes the Company’s investment income on capital, certain general and administrative expenses related to corporate activities, interest expense, foreign exchange (gains) losses and income tax expense . The following is a summary of the Company’s operating segment results for the three and nine months ended September 30, 2017 and 2016 : Three months ended September 30, 2017 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 174,539 $ — $ 174,539 Gross premiums ceded — — — Net premiums written 174,539 — 174,539 Change in net unearned premium reserves (68,564 ) — (68,564 ) Net premiums earned 105,975 — 105,975 Expenses Loss and loss adjustment expenses incurred, net 77,275 — 77,275 Acquisition costs, net 33,974 — 33,974 General and administrative expenses 7,291 5,927 13,218 Total expenses 118,540 5,927 124,467 Net underwriting loss (12,565 ) n/a n/a Net investment income 26,531 62,437 88,968 Other expenses (3,846 ) — (3,846 ) Interest expense — (2,074 ) (2,074 ) Foreign exchange losses — (5,437 ) (5,437 ) Income tax expense — (3,475 ) (3,475 ) Net income attributable to noncontrolling interests in related party — (959 ) (959 ) Segment income $ 10,120 $ 44,565 Net income available to Third Point Re common shareholders $ 54,685 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 72.9 % Acquisition cost ratio 32.1 % Composite ratio 105.0 % General and administrative expense ratio 6.9 % Combined ratio 111.9 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Nine months ended September 30, 2017 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 477,457 $ — $ 477,457 Gross premiums ceded (2,550 ) — (2,550 ) Net premiums written 474,907 — 474,907 Change in net unearned premium reserves (57,365 ) — (57,365 ) Net premiums earned 417,542 — 417,542 Expenses Loss and loss adjustment expenses incurred, net 270,549 — 270,549 Acquisition costs, net 157,067 — 157,067 General and administrative expenses 23,252 15,552 38,804 Total expenses 450,868 15,552 466,420 Net underwriting loss (33,326 ) n/a n/a Net investment inco me 93,857 230,946 324,803 Other expenses (8,852 ) — (8,852 ) Interest expense — (6,151 ) (6,151 ) Foreign exchange losses — (10,233 ) (10,233 ) Income tax expense — (14,080 ) (14,080 ) Net income attributable to noncontrolling interests in related party — (3,160 ) (3,160 ) Segment income $ 51,679 $ 181,770 Net income available to Third Point Re common shareholders $ 233,449 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 64.8 % Acquisition cost ratio 37.6 % Composite ratio 102.4 % General and administrative expense ratio 5.6 % Combined ratio 108.0 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Three months ended September 30, 2016 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 142,573 $ — $ 142,573 Gross premiums ceded (927 ) — (927 ) Net premiums written 141,646 — 141,646 Change in net unearned premium reserves (13,463 ) — (13,463 ) Net premiums earned 128,183 — 128,183 Expenses Loss and loss adjustment expenses incurred, net 85,015 — 85,015 Acquisition costs, net 45,127 — 45,127 General and administrative expenses 6,380 5,974 12,354 Total expenses 136,522 5,974 142,496 Net underwriting loss (8,339 ) n/a n/a Net investment income 22,031 66,325 88,356 Other expenses (347 ) — (347 ) Interest expense — (2,069 ) (2,069 ) Foreign exchange gains — 3,905 3,905 Income tax expense — (2,484 ) (2,484 ) Net income attributable to noncontrolling interests in related party — (967 ) (967 ) Segment income $ 13,345 $ 58,736 Net income available to Third Point Re common shareholders $ 72,081 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 66.3 % Acquisition cost ratio 35.2 % Composite ratio 101.5 % General and administrative expense ratio 5.0 % Combined ratio 106.5 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Nine months ended September 30, 2016 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 536,595 $ — $ 536,595 Gross premiums ceded (2,352 ) — (2,352 ) Net premiums written 534,243 — 534,243 Change in net unearned premium reserves (136,136 ) — (136,136 ) Net premiums earned 398,107 — 398,107 Expenses Loss and loss adjustment expenses incurred, net 273,822 — 273,822 Acquisition costs, net 145,296 — 145,296 General and administrative expenses 19,527 14,358 33,885 Total expenses 438,645 14,358 453,003 Net underwriting loss (40,538 ) n/a n/a Net investment income 32,868 101,724 134,592 Other expenses (6,226 ) — (6,226 ) Interest expense — (6,163 ) (6,163 ) Foreign exchange gains — 14,359 14,359 Income tax expense — (5,865 ) (5,865 ) Net income attributable to noncontrolling interests in related party — (1,473 ) (1,473 ) Segment income (loss) $ (13,896 ) $ 88,224 Net income available to Third Point Re common shareholders $ 74,328 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 68.8 % Acquisition cost ratio 36.5 % Composite ratio 105.3 % General and administrative expense ratio 4.9 % Combined ratio 110.2 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. The following table lists the number of contracts that individually contributed more than 10% of total gross premiums written for the three and nine months ended September 30, 2017 and 2016 as a percentage of total gross premiums written in the relevant period: Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Largest contract 51.1 % 42.4 % 21.6 % 20.9 % Second largest contract 14.9 % 26.8 % 18.7 % 11.3 % Third largest contract n/a 10.1 % 12.2 % n/a Total for contracts contributing greater than 10% each 66.0 % 79.3 % 52.5 % 32.2 % Total for contracts contributing less than 10% each 34.0 % 20.7 % 47.5 % 67.8 % 100.0 % 100.0 % 100.0 % 100.0 % The following table provides a breakdown of the Company’s gross premiums written by line of business for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Property $ (3 ) — % $ 56,632 39.7 % $ (8,818 ) (1.9 )% $ 63,714 11.9 % Casualty 161,110 92.3 % 26,640 18.7 % 366,455 76.8 % 187,146 34.9 % Specialty 13,432 7.7 % 59,301 41.6 % 119,820 25.1 % 285,735 53.2 % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 % The following table provides a breakdown of the Company’s gross premiums written by prospective and retroactive reinsurance contracts for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Prospective $ 172,856 99.0 % $ 142,573 100.0 % $ 391,897 82.1 % $ 536,595 100.0 % Retroactive (1) 1,683 1.0 % — — % 85,560 17.9 % — — % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 % (1) Includes all retroactive exposure in reinsurance contracts. The Company records the gross premium written and earned at the inception of the contract for retroactive exposures in reinsurance contracts. Substantially all of the Company’s business is sourced through reinsurance brokers. The following table sets forth the Company’s premiums written by source that individually contributed more than 10% of total gross premiums written for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Largest broker $ 90,341 51.8 % $ 95,073 66.7 % $ 134,324 28.1 % $ 186,737 34.8 % Second largest broker 44,676 25.6 % 27,461 19.3 % 118,618 24.9 % 180,631 33.7 % Third largest broker n/a n/a n/a n/a 107,612 22.5 % 89,756 16.7 % Other 39,522 22.6 % 20,039 14.0 % 116,903 24.5 % 79,471 14.8 % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 % The following table provides a breakdown of the Company’s gross premiums written by domicile of the ceding companies for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) United States $ 145,313 83.3 % $ 123,233 86.4 % $ 189,082 39.6 % $ 290,971 54.2 % Bermuda 8,278 4.7 % 18,538 13.0 % 62,353 13.1 % 65,078 12.1 % United Kingdom 948 0.5 % 802 0.6 % 201,542 42.2 % 180,546 33.7 % Other 20,000 11.5 % — — % 24,480 5.1 % — — % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 %

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	Third Point Re fully and unconditionally guarantees the $115.0 million of Notes issued by TPRUSA, a wholly owned subsidiary. The following information sets forth condensed consolidating balance sheets as of September 30, 2017 and December 31, 2016 , condensed consolidating statements of income and condensed consolidating statements of cash flows for the three and nine months ended September 30, 2017 and 2016 for Third Point Re, TPRUSA and the non-guarantor subsidiaries of Third Point Re. Investments in subsidiaries are accounted for on the equity method; accordingly, entries necessary to consolidate the parent guarantor, TPRUSA and all other subsidiaries are reflected in the eliminations column. CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2017 (expressed in thousands of U.S. dollars) Third Point Re TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Assets Equity securities $ — $ — $ 2,017,463 $ — $ 2,017,463 Debt securities — — 656,118 — 656,118 Other investments — — 30,932 — 30,932 Total investments in securities — — 2,704,513 — 2,704,513 Cash and cash equivalents — 200 6,234 — 6,434 Restricted cash and cash equivalents — — 477,362 — 477,362 Investment in subsidiaries 1,613,968 276,251 165,913 (2,056,132 ) — Due from brokers — — 387,786 — 387,786 Derivative assets, at fair value — — 75,781 — 75,781 Interest and dividends receivable — — 4,210 — 4,210 Reinsurance balances receivable — — 478,206 — 478,206 Deferred acquisition costs, net — — 223,091 — 223,091 Amounts due from (to) affiliates (1,493 ) (3,588 ) 5,081 — — Other assets 734 — 10,730 — 11,464 Total assets $ 1,613,209 $ 272,863 $ 4,538,907 $ (2,056,132 ) $ 4,368,847 Liabilities Accounts payable and accrued expenses (1) $ 1,055 $ (7,920 ) $ 31,445 $ — $ 24,580 Reinsurance balances payable — — 54,654 — 54,654 Deposit liabilities — — 126,491 — 126,491 Unearned premium reserves — — 615,375 — 615,375 Loss and loss adjustment expense reserves — — 699,369 — 699,369 Securities sold, not yet purchased, at fair value — — 405,845 — 405,845 Due to brokers — — 602,230 — 602,230 Derivative liabilities, at fair value — — 17,280 — 17,280 Performance fee payable to related party — — 73,210 — 73,210 Interest and dividends payable — 1,026 891 — 1,917 Senior notes payable, net of deferred costs — 113,688 — — 113,688 Total liabilities 1,055 106,794 2,626,790 — 2,734,639 Redeemable noncontrolling interests in related party — — 16,813 — 16,813 Shareholders’ equity Common shares 10,738 — 1,250 (1,250 ) 10,738 Treasury shares (48,253 ) — — — (48,253 ) Additional paid-in capital 1,099,998 166,080 1,533,281 (1,699,361 ) 1,099,998 Retained earnings (deficit) 549,671 (11 ) 355,532 (355,521 ) 549,671 Shareholders’ equity attributable to Third Point Re common shareholders 1,612,154 166,069 1,890,063 (2,056,132 ) 1,612,154 Noncontrolling interests in related party — — 5,241 — 5,241 Total shareholders’ equity 1,612,154 166,069 1,895,304 (2,056,132 ) 1,617,395 Total liabilities, noncontrolling interests and shareholders’ equity $ 1,613,209 $ 272,863 $ 4,538,907 $ (2,056,132 ) $ 4,368,847 (1) Negative balance of $7.9 million represents net deferred tax assets that are offset by net deferred tax liabilities in Third Point Re USA of $8.0 million , resulting in a net liability position as of September 30, 2017 . CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Assets Equity securities $ — $ — $ 1,506,854 $ — $ 1,506,854 Debt securities — — 1,057,957 — 1,057,957 Other investments — — 82,701 — 82,701 Total investments in securities — — 2,647,512 — 2,647,512 Cash and cash equivalents 1,629 79 8,243 — 9,951 Restricted cash and cash equivalents — — 298,940 — 298,940 Investment in subsidiaries 1,413,078 269,622 165,324 (1,848,024 ) — Due from brokers — — 284,591 — 284,591 Derivative assets, at fair value — — 27,432 — 27,432 Interest and dividends receivable — — 6,505 — 6,505 Reinsurance balances receivable — — 381,951 — 381,951 Deferred acquisition costs, net — — 221,618 — 221,618 Amounts due from (to) affiliates (142 ) (8,394 ) 8,536 — — Other assets 637 5,507 11,000 — 17,144 Total assets $ 1,415,202 $ 266,814 $ 4,061,652 $ (1,848,024 ) $ 3,895,644 Liabilities Accounts payable and accrued expenses $ 1,151 $ 40 $ 9,130 $ — $ 10,321 Reinsurance balances payable — — 43,171 — 43,171 Deposit liabilities — — 104,905 — 104,905 Unearned premium reserves — — 557,076 — 557,076 Loss and loss adjustment expense reserves — — 605,129 — 605,129 Securities sold, not yet purchased, at fair value — — 92,668 — 92,668 Due to brokers — — 899,601 — 899,601 Derivative liabilities, at fair value — — 16,050 — 16,050 Interest and dividends payable — 3,057 386 — 3,443 Senior notes payable, net of deferred costs — 113,555 — — 113,555 Total liabilities 1,151 116,652 2,328,116 — 2,445,919 Shareholders’ equity Common shares 10,650 — 1,250 (1,250 ) 10,650 Treasury shares (7,389 ) — — — (7,389 ) Additional paid-in capital 1,094,568 165,456 1,528,827 (1,694,283 ) 1,094,568 Retained earnings (deficit) 316,222 (15,294 ) 167,785 (152,491 ) 316,222 Shareholders' equity attributable to Third Point Re common shareholders 1,414,051 150,162 1,697,862 (1,848,024 ) 1,414,051 Noncontrolling interests in related party — — 35,674 — 35,674 Total shareholders' equity 1,414,051 150,162 1,733,536 (1,848,024 ) 1,449,725 Total liabilities, noncontrolling interests and shareholders’ equity $ 1,415,202 $ 266,814 $ 4,061,652 $ (1,848,024 ) $ 3,895,644 CONDENSED CONSOLIDATING STATEMENTS OF INCOME (expressed in thousands of U.S. dollars) Three months ended September 30, 2017 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 174,539 $ — $ 174,539 Gross premiums ceded — — — — — Net premiums written — — 174,539 — 174,539 Change in net unearned premium reserves — — (68,564 ) — (68,564 ) Net premiums earned — — 105,975 — 105,975 Net investment inco me — — 88,968 — 88,968 Equity in earnings (losses) of sub sidiaries 55,847 5,473 (30 ) (61,290 ) — Total revenues 55,847 5,473 194,913 (61,290 ) 194,943 Expenses Loss and loss adjustment expenses incurred, net — — 77,275 — 77,275 Acquisition costs, net — — 33,974 — 33,974 General and administrative expenses 1,162 17 12,039 — 13,218 Other expenses — — 3,846 — 3,846 Interest expense — 2,074 — — 2,074 Foreign exchange losse s — — 5,437 — 5,437 Total expenses 1,162 2,091 132,571 — 135,824 Income before income tax expense 54,685 3,382 62,342 (61,290 ) 59,119 Income tax (expens e) benefit — 732 (4,207 ) — (3,475 ) Net income 54,685 4,114 58,135 (61,290 ) 55,644 Net income attributable to noncontrolling intere sts in related party — — (959 ) — (959 ) Net income available to Third Point Re common shareholders $ 54,685 $ 4,114 $ 57,176 $ (61,290 ) $ 54,685 Nine months ended September 30, 2017 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 477,457 $ — $ 477,457 Gross premiums ceded — — (2,550 ) — (2,550 ) Net premiums written — — 474,907 — 474,907 Change in net unearned premium reserves — — (57,365 ) — (57,365 ) Net premiums earned — — 417,542 — 417,542 Net investment income — — 324,803 — 324,803 Equity in earnings (losses) of s ubsidiaries 237,060 19,305 (35 ) (256,330 ) — Total revenues 237,060 19,305 742,310 (256,330 ) 742,345 Expenses Loss and loss adjustment expenses incurred, net — — 270,549 — 270,549 Acquisition costs, net — — 157,067 — 157,067 General and administrative expenses 3,611 37 35,156 — 38,804 Other expenses — — 8,852 — 8,852 Interest expense — 6,151 — — 6,151 Foreign exchange losses — — 10,233 — 10,233 Total expenses 3,611 6,188 481,857 — 491,656 Income before income tax expense 233,449 13,117 260,453 (256,330 ) 250,689 Income tax (expense) benefit — 2,166 (16,246 ) — (14,080 ) Net income 233,449 15,283 244,207 (256,330 ) 236,609 Net income attributable to noncontrolling interests in related party — — (3,160 ) — (3,160 ) Net income available to Third Point Re common shareholders $ 233,449 $ 15,283 $ 241,047 $ (256,330 ) $ 233,449 CONDENSED CONSOLIDATING STATEMENTS OF INCOME (expressed in thousands of U.S. dollars) Three months ended September 30, 2016 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 142,573 $ — $ 142,573 Gross premiums ceded — — (927 ) — (927 ) Net premiums written — — 141,646 — 141,646 Change in net unearned premium reserves — — (13,463 ) — (13,463 ) Net premiums earned — — 128,183 — 128,183 Net investment income — — 88,356 — 88,356 Equity in earnings (losses) of s ubsidiaries 73,268 3,916 (35 ) (77,149 ) — Total revenues 73,268 3,916 216,504 (77,149 ) 216,539 Expenses Loss and loss adjustment expenses incurred, net — — 85,015 — 85,015 Acquisition costs, net — — 45,127 — 45,127 General and administrative expenses 1,187 11 11,156 — 12,354 Other expenses — — 347 — 347 Interest expense — 2,069 — — 2,069 Foreign exchange gains — — (3,905 ) — (3,905 ) Total expenses 1,187 2,080 137,740 — 141,007 Income before income tax expen se 72,081 1,836 78,764 (77,149 ) 75,532 Income tax (expens e) benefit — 728 (3,212 ) — (2,484 ) Net income 72,081 2,564 75,552 (77,149 ) 73,048 Net income attributable to noncontrolling inte rests in related party — — (967 ) — (967 ) Net inco me available to Third Point Re common shareholders $ 72,081 $ 2,564 $ 74,585 $ (77,149 ) $ 72,081 Nine months ended September 30, 2016 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 536,595 $ — $ 536,595 Gross premiums ceded — — (2,352 ) — (2,352 ) Net premiums written — — 534,243 — 534,243 Change in net unearned premium reserves — — (136,136 ) — (136,136 ) Net premiums earned — — 398,107 — 398,107 Net investment inco me — — 134,592 — 134,592 Equity in earnings (losses) of sub sidiaries 77,829 6,015 (78 ) (83,766 ) — Total revenues 77,829 6,015 532,621 (83,766 ) 532,699 Expenses Loss and loss adjustment expenses incurred, net — — 273,822 — 273,822 Acquisition costs, net — — 145,296 — 145,296 General and administrative expenses 3,501 41 30,343 — 33,885 Other expenses — — 6,226 — 6,226 Interest expense — 6,163 — — 6,163 Foreign exchange gains — — (14,359 ) — (14,359 ) Total expenses 3,501 6,204 441,328 — 451,033 Income (loss) before income ta x (expense) benefit 74,328 (189 ) 91,293 (83,766 ) 81,666 Income tax (expens e) benefit — 2,171 (8,036 ) — (5,865 ) Net income 74,328 1,982 83,257 (83,766 ) 75,801 Net income attributable to noncontrolling inte rests in related party — — (1,473 ) — (1,473 ) Net inco me available to Third Point Re common shareholders $ 74,328 $ 1,982 $ 81,784 $ (83,766 ) $ 74,328 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2017 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Operating activities Net income $ 233,449 $ 15,283 $ 244,207 $ (256,330 ) $ 236,609 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in (earnings) losses of subsidiaries (237,060 ) (19,305 ) 35 256,330 — Share compensation expense 184 — 3,830 — 4,014 Net interest expense on deposit liabilities — — 1,472 — 1,472 Net unrealized gain on investments and derivatives — — (203,299 ) — (203,299 ) Net realized gain on investments and derivatives — — (180,382 ) — (180,382 ) Net foreign exchange losses — — 10,233 — 10,233 Amortization of premium and accretion of discount, net — 133 (585 ) — (452 ) Changes in assets and liabilities: Reinsurance balances receivable — — (77,444 ) — (77,444 ) Deferred acquisition costs, net — — (1,473 ) — (1,473 ) Other assets (97 ) 5,507 288 — 5,698 Interest and dividends receivable, net — (2,031 ) 2,800 — 769 Unearned premium reserves — — 58,299 — 58,299 Loss and loss adjustment expense reserves — — 78,931 — 78,931 Accounts payable and accrued expenses (96 ) (7,960 ) 22,229 — 14,173 Reinsurance balances payable — — 11,462 — 11,462 Performance fees payable to related party — — 73,210 — 73,210 Amounts due from (to) affiliates 1,351 (4,806 ) 3,455 — — Net cash provided by (used in) operating activities (2,269 ) (13,179 ) 47,268 — 31,820 Investing activities Purchases of investments — — (2,238,167 ) — (2,238,167 ) Proceeds from sales of investments — — 2,536,688 — 2,536,688 Purchases of investments to cover short sales — — (440,242 ) — (440,242 ) Proceeds from short sales of investments — — 735,132 — 735,132 Change in due to/from brokers, net — — (400,566 ) — (400,566 ) Change in restricted cash and cash equivalents — — (178,422 ) — (178,422 ) Net cash provided by investing activities — — 14,423 — 14,423 Financing activities Proceeds from issuance of Third Point Re common shares, net of costs 1,504 — — — 1,504 Purchases of Third Point Re common shares under share repurchase program (40,864 ) — — — (40,864 ) Decrease in deposit liabilities, net — — 6,380 — 6,380 Change in total noncontrolling interests in related party, net — — (16,780 ) — (16,780 ) Dividend received by (paid to) parent 40,000 13,300 (53,300 ) — — Net cash provided by (used in) financing activities 640 13,300 (63,700 ) — (49,760 ) Net increase (decrease) in cash and cash equivalents (1,629 ) 121 (2,009 ) — (3,517 ) Cash and cash equivalents at beginning of period 1,629 79 8,243 — 9,951 Cash and cash equivalents at end of period $ — $ 200 $ 6,234 $ — $ 6,434 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2016 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Operating activities Net income $ 74,328 $ 1,982 $ 83,257 $ (83,766 ) $ 75,801 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in (earnings) losses of subsidiaries (77,829 ) (6,015 ) 78 83,766 — Share compensation expense 362 — 6,234 — 6,596 Net interest income on deposit liabilities — — (507 ) — (507 ) Net unrealized loss on investments and derivatives — — (90,675 ) — (90,675 ) Net realized gain on investments and derivatives — — (62,316 ) — (62,316 ) Net foreign exchange gains — — (14,359 ) — (14,359 ) Amortization of premium and accretion of discount, net — 133 4,821 — 4,954 Changes in assets and liabilities: Reinsurance balances receivable — — (145,593 ) — (145,593 ) Deferred acquisition costs, net — — (58,286 ) — (58,286 ) Other assets (187 ) (2,171 ) (2,602 ) — (4,960 ) Interest and dividends receivable, net — (2,021 ) (1,676 ) — (3,697 ) Unearned premium reserves — — 137,270 — 137,270 Loss and loss adjustment expense reserves — — 111,014 — 111,014 Accounts payable and accrued expenses (1,561 ) 20 3,059 — 1,518 Reinsurance balances payable — — 24,013 — 24,013 Performance fees payable to related party — — 24,846 — 24,846 Amounts due from (to) affiliates (345 ) 8,067 (7,722 ) — — Net cash provided by (used in) operating activities (5,232 ) (5 ) 10,856 — 5,619 Investing activities Purchases of investments — — (2,803,862 ) — (2,803,862 ) Proceeds from sales of investments — — 2,533,656 — 2,533,656 Purchases of investments to cover short sales — — (978,039 ) — (978,039 ) Proceeds from short sales of investments — — 854,689 — 854,689 Change in due to/from brokers, net — — 362,695 — 362,695 Increase in securities sold under an agreement to repurchase — — 46,936 — 46,936 Change in restricted cash and cash equivalents — — (34,536 ) — (34,536 ) Contributed capital to subsidiaries (5,000 ) 5,000 — — — Contributed capital from parent and/or subsidiaries — (5,000 ) 5,000 — — Net cash used in investing activities (5,000 ) — (13,461 ) — (18,461 ) Financing activities Proceeds from issuance of Third Point Re common shares, net of costs 3,878 — — — 3,878 Purchases of Third Point Re common shares under share repurchase program (7,389 ) — — — (7,389 ) Increase in deposit liabilities, net — — 15,928 — 15,928 Change in total noncontrolling interests in related party, net — — 1,000 — 1,000 Dividend received by (paid to) parent 15,000 — (15,000 ) — — Net cash provided by financing activities 11,489 — 1,928 — 13,417 Net decrease in cash and cash equivalents 1,257 (5 ) (677 ) — 575 Cash and cash equivalents at beginning of period 308 5 20,094 — 20,407 Cash and cash equivalents at end of period $ 1,565 $ — $ 19,417 $ — $ 20,982

Restricted cash and cash equi30

Restricted cash and cash equivalents and restricted investments (Tables)	9 Months Ended
	Sep. 30, 2017
Cash and Cash Equivalents [Abstract]
Schedule of restricted cash and cash equivalents	Restricted cash and cash equivalents and restricted investments as of September 30, 2017 and December 31, 2016 consisted of the following: September 30, December 31, ($ in thousands) Restricted cash securing letter of credit facilities (1) $ 209,494 $ 231,822 Restricted cash securing other reinsurance contracts (2) 267,868 67,118 Total restricted cash and cash equivalents 477,362 298,940 Restricted investments securing other reinsurance contracts (2) 328,033 427,308 Total restricted cash and cash equivalents and restricted investments $ 805,395 $ 726,248 (1) Restricted cash securing letter of credit facilities primarily pertains to letters of credit issued to clients and cash securing these obligations that the Company will not be released until the underlying reserves have been settled. The time period for which the Company expects these letters of credit to be in place varies from contract to contract, but can last several years. (2) Restricted cash and restricted investments securing other reinsurance contracts pertain to trust accounts securing the Company’s contractual obligations under certain reinsurance contracts that the Company will not be released from until all underlying risks have expired or have been settled. Restricted investments include certain investments in debt securities including U.S. Treasury securities and sovereign debt. The time period for which the Company expects these trust accounts to be in place varies from contract to contract, but can last several years.

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of the separate account managed by TP LLC	The Company’s investments are managed by its investment manager, Third Point LLC (“Third Point LLC” or the “Investment Manager”), under long-term investment management contracts. The Company directly owns the investments that are held in separate accounts and managed by Third Point LLC. The following is a summary of the separate accounts managed by Third Point LLC: September 30, December 31, Assets ($ in thousands) Total investments in securities $ 2,703,605 $ 2,619,839 Cash and cash equivalents 449 5 Restricted cash and cash equivalents 477,362 298,940 Due from brokers 387,786 284,591 Derivative assets 75,781 27,432 Interest and dividends receivable 4,210 6,505 Total assets 3,649,193 3,237,312 Liabilities and noncontrolling interests in related party Accounts payable and accrued expenses 2,674 1,374 Securities sold, not yet purchased 405,845 92,668 Due to brokers 602,230 899,601 Derivative liabilities 17,280 16,050 Performance fee payable to related party 73,210 — Interest and dividends payable 891 386 Total noncontrolling interests in related party (1) 22,054 35,674 Total liabilities and noncontrolling interests in related party 1,124,184 1,045,753 Total net investments managed by Third Point LLC $ 2,525,009 $ 2,191,559
Schedule of the largest concentration of the Company's asset-backed securities	As of September 30, 2017 and December 31, 2016 , the Company’s asset-backed securities (“ABS”) holdings were as follows: September 30, 2017 December 31, 2016 ($ in thousands) Reperforming loans $ 123,813 63.0 % $ 44,359 17.4 % Subprime RMBS — — % 117,152 46.0 % Market place loans 54,403 27.7 % 44,143 17.3 % Other (1) 18,189 9.3 % 49,198 19.3 % $ 196,405 100.0 % $ 254,852 100.0 % (1) Other includes: U.S. Alt-A positions, collateralized debt obligations, commercial mortgage-backed securities, non-U.S. RMBS and student loans ABS.
Schedule of investments, categorized by the level of the fair value hierarchy	The following tables present the Company’s investments, categorized by the level of the fair value hierarchy as of September 30, 2017 and December 31, 2016 : September 30, 2017 Quoted prices in active markets Significant other observable inputs Significant unobservable inputs Total (Level 1) (Level 2) (Level 3) Assets ($ in thousands) Equity securities $ 1,942,935 $ 17,068 $ — $ 1,960,003 Private common equity securities — — 4,774 4,774 Private preferred equity securities — — 52,686 52,686 Total equities 1,942,935 17,068 57,460 2,017,463 Asset-backed securities — 174,613 21,792 196,405 Bank debt — 9,558 10,721 20,279 Corporate bonds — 42,163 9,685 51,848 U.S. Treasury securities — 251,861 — 251,861 Sovereign debt — 123,843 — 123,843 Other debt securities — 4,614 7,268 11,882 Total debt securities — 606,652 49,466 656,118 Options 997 2,975 — 3,972 Rights and warrants — 20 2 22 Real estate — — 2,755 2,755 Trade claims — 7,246 — 7,246 Total other investments 997 10,241 2,757 13,995 Derivative assets (free standing) 1,295 74,486 — 75,781 $ 1,945,227 $ 708,447 $ 109,683 2,763,357 Investments in funds valued at NAV 16,937 Total assets $ 2,780,294 Liabilities Equity securities $ 386,102 $ — $ — $ 386,102 Corporate bonds — 11,269 — 11,269 Options 1,894 6,580 — 8,474 Total securities sold, not yet purchased 387,996 17,849 — 405,845 Derivative liabilities (free standing) — 15,115 2,165 17,280 Derivative liabilities (embedded) — — 180 180 Total liabilities $ 387,996 $ 32,964 $ 2,345 $ 423,305 December 31, 2016 Quoted prices in active markets Significant other observable inputs Significant unobservable inputs Total (Level 1) (Level 2) (Level 3) Assets ($ in thousands) Equity securities $ 1,450,966 $ 2,255 $ — $ 1,453,221 Private common equity securities — — 4,799 4,799 Private preferred equity securities — — 48,834 48,834 Total equities 1,450,966 2,255 53,633 1,506,854 Asset-backed securities — 237,224 17,628 254,852 Bank debt — 48,546 8,350 56,896 Corporate bonds — 209,025 9,255 218,280 U.S. Treasury securities — 327,016 — 327,016 Sovereign debt — 200,913 — 200,913 Total debt securities — 1,022,724 35,233 1,057,957 Options 343 681 — 1,024 Trade claims — 9,022 — 9,022 Total other investments 343 9,703 — 10,046 Derivative assets (free standing) 961 26,471 — 27,432 $ 1,452,270 $ 1,061,153 $ 88,866 2,602,289 Investments in funds valued at NAV 72,655 Total assets $ 2,674,944 Liabilities Equity securities $ 71,457 $ — $ — $ 71,457 Corporate bonds — 17,683 — 17,683 Options — 3,528 — 3,528 Total securities sold, not yet purchased 71,457 21,211 — 92,668 Derivative liabilities (free standing) 1,608 13,116 1,326 16,050 Derivative liabilities (embedded) — — 92 92 Total liabilities $ 73,065 $ 34,327 $ 1,418 $ 108,810 During the nine months ended September 30, 2017 , the Company made $nil ( December 31, 2016 - $ nil ) of reclassifications of assets or liabilities between Levels 1 and 2.
Schedule of reconciliation of the balances for all investments measured at fair value using significant unobservable inputs	The following table presents the reconciliation of all investments measured at fair value using Level 3 inputs for the three and nine months ended September 30, 2017 and 2016 : July 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,775 $ — $ — $ — $ (1 ) $ 4,774 Private preferred equity securities 50,759 — 2,095 (1,607 ) 1,439 52,686 Asset-backed securities 35,711 (8,759 ) 23,320 (24,581 ) (3,899 ) 21,792 Bank debt 10,246 — — — 475 10,721 Corporate bonds 9,095 (236 ) 1,183 (198 ) (159 ) 9,685 Other debt securities 3,312 — 5,120 (3,307 ) 2,143 7,268 Rights and warrants — 2 — — — 2 Real estate — — 2,357 — 398 2,755 Total assets $ 113,898 $ (8,993 ) $ 34,075 $ (29,693 ) $ 396 $ 109,683 Liabilities Derivative liabilities (free standing) $ (1,367 ) $ — $ — $ — $ (798 ) $ (2,165 ) Derivative liabilities (embedded) (180 ) — — — — (180 ) Total liabilities $ (1,547 ) $ — $ — $ — $ (798 ) $ (2,345 ) January 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,799 $ — $ — $ — $ (25 ) $ 4,774 Private preferred equity securities 48,834 — 3,034 (2,102 ) 2,920 52,686 Asset-backed securities 17,628 16,437 57,346 (56,947 ) (12,672 ) 21,792 Bank debt 8,350 — 4 (310 ) 2,677 10,721 Corporate bonds 9,255 (262 ) 1,211 (719 ) 200 9,685 Other debt securities — — 5,120 — 2,148 7,268 Rights and warrants — 2 — — — 2 Real estate — — 2,357 — 398 2,755 Total assets $ 88,866 $ 16,177 $ 69,072 $ (60,078 ) $ (4,354 ) $ 109,683 Liabilities Derivative liabilities (free standing) $ (1,326 ) $ — $ — $ (38 ) $ (801 ) $ (2,165 ) Derivative liabilities (embedded) (92 ) — — — (88 ) (180 ) Total liabilities $ (1,418 ) $ — $ — $ (38 ) $ (889 ) $ (2,345 ) July 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 3,170 $ — $ 60 $ — $ 203 $ 3,433 Private preferred equity securities 31,079 — 2,646 (60 ) 2,951 36,616 Asset-backed securities 2,814 (213 ) 225 (334 ) 303 2,795 Corporate bonds 3,110 — 4,967 — 256 8,333 Sovereign debt 2 — — (2 ) — — Total assets $ 40,175 $ (213 ) $ 7,898 $ (396 ) $ 3,713 $ 51,177 Liabilities Derivative liabilities (free standing) $ (1,220 ) $ — $ — $ (106 ) $ — $ (1,326 ) Derivative liabilities (embedded) (6,335 ) — — — 39 (6,296 ) Total liabilities $ (7,555 ) $ — $ — $ (106 ) $ 39 $ (7,622 ) January 1, Transfers in to (out of) Level 3 Purchases Sales Realized and Unrealized Gains (Losses) (1) September 30, ($ in thousands) Assets Private common equity securities $ 4,357 $ — $ 60 $ — $ (984 ) $ 3,433 Private preferred equity securities 24,178 — 14,900 (60 ) (2,402 ) 36,616 Asset-backed securities 2,617 1,967 1,001 (1,941 ) (849 ) 2,795 Bank debt 7,660 (7,660 ) — — — — Corporate bonds 3,252 — 5,166 (80 ) (5 ) 8,333 Sovereign debt 21 — — (20 ) (1 ) — Total assets $ 42,085 $ (5,693 ) $ 21,127 $ (2,101 ) $ (4,241 ) $ 51,177 Liabilities Derivative liabilities (free standing) $ (1,020 ) $ — $ — $ (306 ) $ — $ (1,326 ) Derivative liabilities (embedded) (5,563 ) — — (861 ) 128 (6,296 ) Total liabilities $ (6,583 ) $ — $ — $ (1,167 ) $ 128 $ (7,622 ) (1) Total change in realized and unrealized gains (losses) recorded on Level 3 financial instruments is included in net investment income in the condensed consolidated statements of income .
Schedule of significant unobservable inputs used	he following table summarizes information about the significant unobservable inputs used in determining the fair value of the Level 3 investments held by the Company. Level 3 investments not presented in the table below are insignificant or do not have any unobservable inputs to disclose, as they are valued primarily using dealer quotes or at cost. September 30, 2017 Assets Fair value ($ in thousands) Valuation technique Unobservable input Range Private equity investments $ 45,991 Market approach Volatility 29.0% - 55.0% Time to exit 0.8 - 3.0 years Bank debt 10,284 Discounted cash flow Credit spread 1024 - 1144 bps Duration 1.0 - 4.0 years Other debt securities 7,268 Discounted cash flow Discount rate 9.5 % Capitalization rate 6.5% - 10.0% Real estate 2,755 Discounted cash flow Discount rate 8.5 % Capitalization rate 7.0 % December 31, 2016 Assets Fair value ($ in thousands) Valuation technique Unobservable input Range Private equity investments $ 47,608 Market approach Discount 5.0% - 25.0% Volatility 40.0% - 60.0% Time to exit 0.4 - 2.8 years Multiple 2.0 - 3.8x

Securities purchased under an32

Securities purchased under an agreement to sell, securities sold under an agreement to repurchase and securities lending transactions (Tables)	9 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Repurchase Agreements	The following table presents the remaining contractual maturity of the repurchase agreements and securities lending transactions by class of collateral pledged as of September 30, 2017 and December 31, 2016 : September 30, 2017 Overnights and continuous Up to 30 days 30 - 90 days Greater than 90 days Total ($ in thousands) Repurchase agreements Corporate securities $ — $ — $ — $ — $ — Non-U.S. sovereign debt — — — — — $ — $ — $ — $ — $ — December 31, 2016 Overnights and continuous Up to 30 days 30 - 90 days Greater than 90 days Total ($ in thousands) Securities lending transactions Corporate bonds $ 310 $ — $ — $ — $ 310

Due from_to brokers (Tables)

Due from/to brokers (Tables)	9 Months Ended
	Sep. 30, 2017
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Schedule of Due to (from) Brokers	As of September 30, 2017 and December 31, 2016 , the Company’s due from/to brokers were comprised of the following: September 30, December 31, ($ in thousands) Due from brokers Cash held at brokers $ 373,476 $ 240,205 Receivable from unsettled trades (1) 14,310 44,386 $ 387,786 $ 284,591 Due to brokers Borrowing from prime brokers (2) $ 580,081 $ 855,576 Payable from unsettled trades 22,149 44,025 $ 602,230 $ 899,601 (1) Receivables relating to securities sold by the Company are recorded as receivable from unsettled trades in due from brokers in the Company’s condensed consolidated balance sheets. During the year ended December 31, 2015, the Company’s investment manager, Third Point LLC, exercised appraisal rights relating to an underlying investment, which was bought by a private equity firm. As of December 31, 2016, $37.6 million was included in receivable from unsettled trades in due from brokers while the Company awaited the court decision regarding the sale price. In the second quarter of 2017, the court decision resulted in the Company receiving the total value of $37.6 million as well as interest of $5.0 million for the trial period. (2) As of September 30, 2017 , the Company’s borrowing from prime brokers includes a total non-U.S. currency balance of $25.2 million ( December 31, 2016 - $22.0 million ).

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of listing currency, fair value and notional amounts of derivative instruments	The following tables identify the listing currency, fair value and notional amounts of derivative instruments included in the condensed consolidated balance sheets, categorized by primary underlying risk. Balances are presented on a gross basis. As of September 30, 2017 Listing currency (1) Fair Value Notional Amounts (2) Derivative Assets by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased USD $ 9,336 $ 51,827 Total Return Swaps - Long Contracts EGP 24,714 24,714 Equity Price Contracts for Differences - Long Contracts BRL/CHF/DKK/EUR/GBP/USD 23,257 178,049 Contracts for Differences - Short Contracts DKK/EUR/SEK/USD 1,252 29,555 Total Return Swaps - Long Contracts BRL/USD 13,503 148,591 Interest Rates Interest Rate Swaptions JPY/USD 1,420 93,834 Sovereign Debt Futures - Short Contracts EUR 1,295 155,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts EUR/HKD 1,004 194,851 Total Derivative Assets $ 75,781 $ 876,612 Listing currency (1) Fair Value Notional Amounts (2) Derivative Liabilities by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased EUR/USD $ 3,196 $ 57,512 Credit Default Swaps - Protection Sold JPY/USD 2,828 7,031 Equity Price Contracts for Differences - Long Contracts BRL/EUR/GBP/USD 857 27,511 Contracts for Differences - Short Contracts EUR/NOK/SEK 632 16,022 Total Return Swaps - Long Contracts BRL/USD 559 27,433 Total Return Swaps - Short Contracts USD 4,852 72,645 Interest Rates Interest Rate Swaptions JPY 120 64,600 Foreign Currency Exchange Rates Foreign Currency Forward Contracts CHF/CNH/HKD/SAR 4,236 503,808 Total Derivative Liabilities (free standing) $ 17,280 $ 776,562 Embedded derivative liabilities in reinsurance contracts (3) USD $ 180 $ 20,000 Total Derivative Liabilities (embedded) $ 180 $ 20,000 (1) BRL = Brazilian Real, CHF = Swiss Franc, CNH = Chinese Yuan, DKK = Danish Krone, EGP = Egyptian Pound, EUR = Euro, GBP = British Pound, HKD = Hong Kong Dollar, JPY = Japanese Yen, NOK = Norwegian Krone, SAR = Saudi Arabian Riyal, SEK = Swedish Krona, USD = US Dollar (2) The absolute notional exposure represents the Company’s derivative activity as of September 30, 2017 , which is representative of the volume of derivatives held during the period. (3) The fair value of embedded derivatives in reinsurance contracts is included in reinsurance balances payable in the condensed consolidated balance sheets. As of December 31, 2016 Listing currency (1) Fair Value Notional Amounts (2) Derivative Assets by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased EUR/ USD $ 10,905 $ 84,327 Equity Price Contracts for Differences - Long Contracts EUR/ GBP 1,765 36,879 Total Return Swaps - Long Contracts BRL/ USD 617 19,140 Total Return Swaps - Short Contracts JPY 183 8,696 Interest Rates Interest Rate Swaps GBP/USD 2,462 195,571 Interest Rate Swaptions JPY / USD 5,354 424,816 Sovereign Debt Futures - Short Contracts USD 961 107,591 Foreign Currency Exchange Rates Foreign Currency Forward Contracts CAD/ CNH/ GBP/ MXN 653 47,754 Foreign Currency Options - Purchased CNH/EUR/HKD/JPY/SAR 4,532 501,465 Total Derivative Assets $ 27,432 $ 1,426,239 Listing currency (1) Fair Value Notional Amounts (2) Derivative Liabilities by Primary Underlying Risk ($ in thousands) Credit Credit Default Swaps - Protection Purchased USD $ 3,286 $ 43,184 Credit Default Swaps - Protection Sold USD 1,952 3,943 Equity Price Contracts for Differences - Long Contracts GBP — 67 Contracts for Differences - Short Contracts EUR / ZAR 1,106 11,424 Total Return Swaps - Long Contracts USD 1,675 26,800 Total Return Swaps - Short Contracts JPY / USD 1,302 10,095 Interest Rates Interest Rate Swaps GBP 722 59,115 Interest Rate Swaptions JPY/USD 1,056 417,052 Sovereign Debt Futures - Short Contracts EUR / GBP 1,608 159,923 Foreign Currency Exchange Rates Foreign Currency Forward Contracts EUR /JPY /SAR 2,009 214,854 Foreign Currency Options - Sold CNH/JPY 1,334 363,840 Total Derivative Liabilities (free standing) $ 16,050 $ 1,310,297 Embedded derivative liabilities in reinsurance contracts (3) USD $ 92 $ 20,000 Total Derivative Liabilities (embedded) $ 92 $ 20,000 (1) BRL = Brazilian Real, CAD = Canadian Dollar, CNH = Chinese Yuan, EUR = Euro, GBP = British Pound, HKD = Hong Kong Dollar, JPY = Japanese Yen, MXN = Mexican Peso, SAR = Saudi Arabian Riyal, USD = US Dollar, ZAR = South African Rand (2) The absolute notional exposure represents the Company’s derivative activity as of December 31, 2016 , which is representative of the volume of derivatives held during the period. (3) The fair value of embedded derivatives in reinsurance contracts is included in reinsurance balances payable in the condensed consolidated balance sheets.
Schedule of realized and unrealized gains (losses) relating to trading activities	The following table sets forth, by major risk type, the Company’s realized and unrealized gains (losses) relating to derivatives for the three and nine months ended September 30, 2017 and 2016 . Realized and unrealized gains (losses) related to free standing derivatives are included in net investment income in the condensed consolidated statements of income . Realized and unrealized gains (losses) related to embedded derivatives are included in other expenses in the condensed consolidated statements of income . Three months ended September 30, 2017 September 30, 2016 Free standing Derivatives - Primary Underlying Risk Realized Gain (Loss) Unrealized Gain (Loss)* Realized Gain (Loss) Unrealized Gain (Loss)* Credit ($ in thousands) Commodity Future Options - Purchased $ — $ — $ (475 ) $ (1,310 ) Credit Credit Default Swaps - Protection Purchased 2,824 (4,059 ) (887 ) (433 ) Credit Default Swaps - Protection Sold (26 ) (288 ) 38 (7 ) Total Return Swaps - Long Contracts — 1,506 — — Equity Price Contracts for Differences - Long Contracts 5,021 13,949 1,666 791 Contracts for Differences - Short Contracts (511 ) (1,219 ) (3,767 ) (2,166 ) Total Return Swaps - Long Contracts 4,655 5,455 2,172 3,174 Total Return Swaps - Short Contracts (2,732 ) (4,519 ) (4,392 ) 831 Interest Rates Commodity Futures - Short Contracts — — 870 — Interest Rate Swaps (7 ) — — — Interest Rate Swaptions — (512 ) (244 ) 216 Sovereign Debt Futures - Short Contracts (139 ) 1,284 — — Total Return Swaps - Long Contracts — — 268 (261 ) Total Return Swaps - Short Contracts — — (100 ) 65 Treasury Futures - Short Contracts — — 14 1,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts (1,863 ) (609 ) (4,110 ) 2,838 Foreign Currency Options - Purchased (529 ) 3 — (384 ) Foreign Currency Options - Sold 1 (2 ) — (1 ) $ 6,694 $ 10,989 $ (8,947 ) $ 4,544 Embedded Derivatives Embedded derivatives in reinsurance contracts $ — $ — $ — $ 39 Total Derivative Liabilities (embedded) $ — $ — $ — $ 39 Nine months ended September 30, 2017 September 30, 2016 Free standing Derivatives - Primary Underlying Risk Realized Gain (Loss) Unrealized Gain (Loss)* Realized Gain (Loss) Unrealized Gain (Loss)* Commodity Price ($ in thousands) Commodity Future Options - Purchased $ — $ — $ 106 $ 490 Credit Credit Default Swaps - Protection Purchased 359 (4,029 ) 5,520 (5,420 ) Credit Default Swaps - Protection Sold 11 (347 ) (4,129 ) 4,245 Total Return Swaps - Long Contracts (29 ) 1,469 — — Equity Price Contracts for Differences - Long Contracts 51,946 20,636 (756 ) 412 Contracts for Differences - Short Contracts (4,716 ) 1,726 803 (1,888 ) Total Return Swaps - Long Contracts 8,517 14,002 (2,654 ) 3,974 Total Return Swaps - Short Contracts (6,475 ) (3,731 ) (3,701 ) (931 ) Interest Rates Commodities Futures - Short Contracts — — (281 ) (52 ) Fixed Income Swap - Short Contracts — — (94 ) — Interest Rate Swaps (3,104 ) (1,740 ) — — Interest Rate Swaptions 522 (2,854 ) (356 ) 171 Sovereign Debt Futures - Short Contracts (8,795 ) 1,942 — — Treasury Futures - Short Contracts — — 14 1,191 Foreign Currency Exchange Rates Foreign Currency Forward Contracts (11,898 ) (1,877 ) (13,014 ) (1,913 ) Foreign Currency Options - Purchased (6,716 ) 1,165 (2,040 ) (2,001 ) Foreign Currency Options - Sold 2,185 (82 ) 617 (183 ) $ 21,807 $ 26,280 $ (19,965 ) $ (1,905 ) Embedded Derivatives Embedded derivatives in reinsurance contracts $ — $ (88 ) $ — $ 128 Total Derivative Liabilities (embedded) $ — $ (88 ) $ — $ 128 *Unrealized gain (loss) relates to derivatives still held at reporting date.
Schedule of gross and net amounts of derivative instruments that are subject to enforceable master netting arrangements or similar agreements	As of September 30, 2017 and December 31, 2016 , the gross and net amounts of derivative instruments and repurchase and reverse repurchase agreements that are subject to enforceable master netting arrangements or similar agreements were as follows: Gross Amounts not Offset in the Condensed Consolidated Balance Sheet September 30, 2017 Gross Amount (1) Financial Instruments Cash Collateral Received Net Amount Financial assets, derivative assets and collateral received ($ in thousands) Counterparty 1 $ 1,174 $ 1,174 $ — $ — Counterparty 2 3,279 300 — 2,979 Counterparty 3 38,429 5,408 — 33,021 Counterparty 4 5,041 4,290 — 751 Counterparty 5 12,275 3,515 — 8,760 Counterparty 6 3,625 8 2,806 811 Counterparty 8 13,969 3,889 — 10,080 Counterparty 9 965 965 — — $ 78,757 $ 19,549 $ 2,806 $ 56,402 Gross Amounts not Offset in the Condensed Consolidated Balance Sheet September 30, 2017 Gross Amount (2) Financial Instruments Cash Collateral Pledged Net Amount Financial liabilities, derivative liabilities and collateral pledged ($ in thousands) Counterparty 1 $ 3,825 $ 1,174 $ 2,651 $ — Counterparty 2 300 300 — — Counterparty 3 5,408 5,408 — — Counterparty 4 4,290 4,290 — — Counterparty 5 3,515 3,515 — — Counterparty 6 8 8 — — Counterparty 8 3,889 3,889 — — Counterparty 9 2,215 965 1,250 — Counterparty 15 410 — 359 51 $ 23,860 $ 19,549 $ 4,260 $ 51 (1) The gross amounts of assets presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract assets as well as gross OTC option contract assets of $3.0 million included in other investments in the condensed consolidated balance sheets. (2) The gross amounts of liabilities presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract liabilities as well as gross OTC option contract liabilities of $6.6 million included in securities sold, not yet purchased in the condensed consolidated balance sheets. Gross Amounts not Offset in the Condensed Consolidated Balance Sheet December 31, 2016 Derivative Contracts Gross Amount (1) Financial Instruments Cash Collateral Received Net Amount Financial assets, derivative assets and collateral received ($ in thousands) Counterparty 1 $ 535 $ 535 $ — $ — Counterparty 2 3,147 607 — 2,540 Counterparty 3 8,652 4,760 — 3,892 Counterparty 4 1,639 1,639 — — Counterparty 5 7,336 3,027 — 4,309 Counterparty 6 6,262 2,599 3,383 280 Counterparty 7 227 — 197 30 Counterparty 8 277 277 — — Counterparty 9 37 37 — — $ 28,112 $ 13,481 $ 3,580 $ 11,051 Gross Amounts not Offset in the Condensed Consolidated Balance Sheet December 31, 2016 Derivative Contracts Gross Amount (2) Financial Instruments Cash Collateral Pledged Net Amount Financial liabilities, derivative liabilities and collateral pledged ($ in thousands) Counterparty 1 $ 2,959 $ 535 $ 2,424 $ — Counterparty 2 607 607 — — Counterparty 3 4,760 4,760 — — Counterparty 4 3,827 1,639 2,188 — Counterparty 5 3,027 3,027 — — Counterparty 6 2,599 2,599 — — Counterparty 8 977 277 — 700 Counterparty 9 822 37 785 — $ 19,578 $ 13,481 $ 5,397 $ 700 Securities lending transactions Counterparty 3 $ 302 $ 302 $ — $ — $ 302 $ 302 $ — $ — (1) The gross amounts of assets presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract assets as well as gross OTC option contract assets of $0.7 million included in other investments in the condensed consolidated balance sheets. (2) The gross amounts of liabilities presented in the condensed consolidated balance sheets presented above includes the fair value of derivative contract liabilities as well as gross OTC option contract liabilities of $3.5 million included in securities sold, not yet purchased in the condensed consolidated balance sheets.

Loss and loss adjustment expe35

Loss and loss adjustment expense reserves (Tables)	9 Months Ended
	Sep. 30, 2017
Insurance Loss Reserves [Abstract]
Schedule of loss and loss adjustment expense reserves	As of September 30, 2017 and December 31, 2016 , loss and loss adjustment expense reserves in the condensed consolidated balance sheets was comprised of the following: September 30, December 31, ($ in thousands) Case loss and loss adjustment expense reserves $ 118,444 $ 80,370 Incurred but not reported loss and loss adjustment expense reserves 580,151 522,818 Deferred gains on retroactive reinsurance contracts 774 1,941 $ 699,369 $ 605,129
Schedule of activity in the reserve for losses and loss adjustment expenses	The following table represents the activity in the loss and loss adjustment expense reserves for the nine months ended September 30, 2017 and 2016 : September 30, September 30, ($ in thousands) Gross reserves for loss and loss adjustment expenses, beginning of period $ 605,129 $ 466,047 Less: loss and loss adjustment expenses recoverable, beginning of period (1 ) (125 ) Net reserves for loss and loss adjustment expenses, beginning of period 605,128 465,922 Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in: Current year 295,379 249,212 Prior years (23,433 ) 25,495 Amortization of deferred gains on retroactive reinsurance contracts (1,397 ) (885 ) Total incurred loss and loss adjustment expenses 270,549 273,822 Net loss and loss adjustment expenses paid in respect of losses occurring in: Current year (47,655 ) (58,523 ) Prior years (145,550 ) (104,161 ) Total net paid losses (193,205 ) (162,684 ) Foreign currency translation 15,310 (11,379 ) Net reserve for loss and loss adjustment expenses, end of period 697,782 565,681 Plus: loss and loss adjustment expenses recoverable, end of period 1,587 1 Gross reserve for loss and loss adjustment expenses, end of period $ 699,369 $ 565,682

Management, performance and f36

Management, performance and founders fees (Tables)	9 Months Ended
	Sep. 30, 2017
Management, Performance and Founders Fees [Abstract]
Schedule of investment fee expenses	For the three and nine months ended September 30, 2017 and 2016 , management and performance fees to related parties are as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Management fees - Third Point LLC $ 9,507 $ 1,638 $ 26,751 $ 4,741 Management fees - Founders (1) — 9,322 — 26,905 Performance fees - Third Point Advisors LLC 21,041 21,892 76,428 24,846 $ 30,548 $ 32,852 $ 103,179 $ 56,492 (1) KEP TP Bermuda Ltd., KIA TP Bermuda Ltd., Pine Brook LVR, L.P., P RE Opportunities Ltd. and Dowling Capital Partners I, L.P., collectively the “Founders”, received a share of the management fees in proportion to their initial investments in Third Point Re until December 22, 2016.

Deposit contracts (Tables)

Deposit contracts (Tables)	9 Months Ended
	Sep. 30, 2017
Deposit Contracts, Liabilities [Abstract]
Schedule of deposit contracts	The following table represents activity for the deposit contracts for the nine months ended September 30, 2017 and year ended December 31, 2016 : September 30, December 31, ($ in thousands) Balance, beginning of period $ 104,905 $ 83,955 Consideration received 9,143 22,463 Consideration receivable 13,520 — Net investment expense (income) allocation and change in fair value of embedded derivatives 1,472 (164 ) Payments (2,763 ) (915 ) Foreign currency translation 214 (434 ) Balance, end of period $ 126,491 $ 104,905

Senior notes payable and lett38

Senior notes payable and letter of credit facilities (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of credit facilities	As of September 30, 2017 , the Company had entered into the following letter of credit facilities: Facility (1) Utilized Collateral September 30, 2017 ($ in thousands) Citibank $ 300,000 $ 139,020 $ 139,020 Lloyds Bank 125,000 70,474 70,474 $ 425,000 $ 209,494 $ 209,494 (1) On August 22, 2017, the J.P. Morgan facility of $50.0 million with Third Point Re BDA was not renewed.

Net investment income (Tables)

Net investment income (Tables)	9 Months Ended
	Sep. 30, 2017
Net Investment Income [Abstract]
Schedule of net investment income	Net investment income for the three and nine months ended September 30, 2017 and 2016 consisted of the following: Three months ended Nine months ended September 30, September 30, September 30, September 30, Net investment income by type ($ in thousands) Net realized gains on investments and investment derivatives $ 25,877 $ 20,688 $ 180,382 $ 62,642 Net unrealized gains on investments and investment derivatives 75,666 90,709 203,461 89,470 Net gains (losses) on foreign cu rrencies 7,572 (1,191 ) 5,419 (2,158 ) Dividend and interest income 17,355 15,238 57,062 56,262 Dividends paid on securities sold, not yet purchased (1,537 ) (324 ) (3,205 ) (1,284 ) Other expenses (4,883 ) (4,508 ) (15,063 ) (14,926 ) Net gain (loss) on investment in Kiskadee Fund (534 ) 596 (74 ) 1,078 Net investment income before management and performance fees to related parties 119,516 121,208 427,982 191,084 Management and performance fees to related parties (30,548 ) (32,852 ) (103,179 ) (56,492 ) $ 88,968 $ 88,356 $ 324,803 $ 134,592 The following table provides an additional breakdown of our net investment income by asset and liability type for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Net investment income (loss) by asset type ($ in thousands) Equity securities $ 81,778 $ 89,979 $ 343,605 $ 111,485 Private common equity securities (65 ) 203 (26 ) (1,034 ) Private preferred equity securities 1,439 2,949 3,066 (2,398 ) Total equities 83,152 93,131 346,645 108,053 Asset-backed securities 6,532 11,431 11,665 3,367 Bank debt 1,277 3,582 7,491 3,933 Corporate bonds 999 33,160 6,707 96,375 U.S. Treasury securities 806 (447 ) 3,171 6,759 Sovereign debt 9,835 11,181 21,683 33,329 Other debt securities 2,417 — 2,417 — Total debt securities 21,866 58,907 53,134 143,763 Options (9,343 ) (12,440 ) (26,409 ) (26,934 ) Rights and warrants (16 ) (15 ) 22 (298 ) Real estate 398 — 398 — Trade claims (716 ) (295 ) (497 ) 140 Total other investments (9,677 ) (12,750 ) (26,486 ) (27,092 ) Net investment income in funds valued at NAV 2,216 1,117 8,939 1,895 Total net investment income from invested assets 97,557 140,405 382,232 226,619 Net investment income (loss) by liability type Equity securities (6,144 ) (15,503 ) (13,611 ) (8,228 ) Sovereign debt — (1 ) 2 (383 ) Corporate bonds 350 333 (1,819 ) (4,720 ) Options 4,593 4,488 8,175 8,818 Total net investment loss from securities sold, not yet purchased (1,201 ) (10,683 ) (7,253 ) (4,513 ) Other investment income (losses) and other expenses not presented above Other investment expenses (1,477 ) (1,436 ) (400 ) (4,231 ) Net investment income (loss) on derivative contracts 17,683 (4,403 ) 48,087 (21,870 ) Net investment income (loss) on cash, including foreign exchange gain (loss) 5,738 (3,279 ) (255 ) (7,638 ) Net investment losses on securities purchased under an agreement to sell and securities sold under and agreement to repurchase — (370 ) (39 ) (1,937 ) Withholding taxes reclassified to income tax expense 1,216 974 5,610 4,654 Total other investment income (losses) and other expenses 23,160 (8,514 ) 53,003 (31,022 ) Net investment income before management and performance fees to related parties 119,516 121,208 427,982 191,084 Management and performance fees to related parties (30,548 ) (32,852 ) (103,179 ) (56,492 ) Net investment income $ 88,968 $ 88,356 $ 324,803 $ 134,592

Other expenses (Tables)

Other expenses (Tables)	9 Months Ended
	Sep. 30, 2017
Other Income and Expenses [Abstract]
Schedule of other expenses	Other expenses for the three and nine months ended September 30, 2017 and 2016 consisted of the following: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Deposit liabilities investment expense (income) $ 1,160 $ (1,838 ) $ 1,472 $ (507 ) Reinsurance contracts investment expense 2,686 2,224 7,292 6,861 Change in fair value of embedded derivatives in deposit and reinsurance contracts — (39 ) 88 (128 ) $ 3,846 $ 347 $ 8,852 $ 6,226

Income taxes (Tables)

Income taxes (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of income tax expenses	For the three and nine months ended September 30, 2017 and 2016 , the Company recorded income tax expense, as follows: Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Income tax expense related to U.S. and U.K. subsidiaries (1) $ 2,219 $ 1,372 $ 8,246 $ 1,053 Change in uncertain tax positions 40 138 224 158 Withholding taxes on certain investment transactions 1,216 974 5,610 4,654 $ 3,475 $ 2,484 $ 14,080 $ 5,865 (1) As of September 30, 2017 , the Company no longer has net deferred tax assets (December 31, 2016 - $7.9 million ). Deferred tax assets as of December 31, 2016 are included in other assets in the condensed consolidated balance sheets.

Share capital (Tables)

Share capital (Tables)	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Schedule of Common Stock and Treasury Stock Outstanding	The following tables present a summary of the common shares issued and outstanding and shares repurchased held as treasury shares as of and for the nine months ended September 30, 2017 and 2016 : Common shares 2017 2016 Balance, beginning of period 106,501,299 105,479,341 Options exercised 150,802 388,152 Restricted shares granted, net of forfeitures 36,418 47,712 Performance restricted shares granted, net of forfeitures 694,886 468,723 Balance, end of period 107,383,405 106,383,928 Treasury shares 2017 2016 Balance, beginning of period 644,768 — Repurchase of common shares 3,300,152 644,768 Balance, end of period 3,944,920 644,768

Share-based compensation (Table

Share-based compensation (Tables)	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expense	The following table provides the total share-based compensation expense included in general and administrative expenses during the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, September 30, September 30, September 30, ($ in thousands) Management and director options $ 94 $ 1,660 $ 553 $ 4,769 Restricted shares with service condition 196 387 474 979 Restricted shares with service and performance condition 350 (153 ) 2,987 848 $ 640 $ 1,894 $ 4,014 $ 6,596
Schedule of management and director options activity	The management and director options activity for the nine months ended September 30, 2017 and year ended December 31, 2016 were as follows: Number of options Weighted average exercise price Balances as of January 1, 2016 10,250,586 $ 13.52 Forfeited (139,534 ) 18.00 Exercised (514,059 ) 10.00 Balances as of January 1, 2017 9,596,993 13.64 Forfeited (558,138 ) 18.00 Exercised (150,802 ) 10.00 Balances as of September 30, 2017 8,888,053 $ 13.43
Schedule of management and director options outstanding	The following table summarizes information about the Company’s management and director share options outstanding as of September 30, 2017 : Options outstanding Options exercisable Range of exercise prices Number of options Weighted average exercise price Remaining contractual life Number of options Weighted average exercise price $10.00 - $10.89 5,123,532 $ 10.04 4.3 years 5,081,671 $ 10.03 $15.05 - $16.89 1,917,145 15.93 4.5 years 1,819,471 15.96 $20.00 - $25.05 1,847,376 20.26 4.5 years 1,777,610 20.17 8,888,053 $ 13.43 4.4 years 8,678,752 $ 13.35
Schedule of restricted shares with service condition activity	Restricted share award activity for the nine months ended September 30, 2017 and year ended December 31, 2016 was as follows: Number of non- vested restricted shares Weighted average grant date fair value Balance as of January 1, 2016 301,043 $ 11.12 Granted 47,712 11.37 Vested (47,712 ) 11.37 Balance as of January 1, 2017 301,043 11.12 Granted 36,418 12.15 Vested (238,719 ) 10.30 Balance as of September 30, 2017 98,742 $ 11.25
Schedule of restricted shares with performance condition activity	Restricted share award activity for the restricted shares with a service and performance condition for the nine months ended September 30, 2017 and year ended December 31, 2016 were as follows: Number of non- vested restricted shares Number of non- vested restricted shares probable of vesting Weighted average grant date fair value of shares probable of vesting Balance as of January 1, 2016 921,553 536,234 $ 14.24 Granted 653,958 435,974 11.40 Forfeited (193,771 ) (119,009 ) 13.16 Change in estimated restricted shares considered probable of vesting n/a (275,713 ) 13.06 Balance as of January 1, 2017 1,381,740 577,486 12.91 Granted 935,825 623,882 12.17 Forfeited (240,939 ) — 14.60 Vested (136,618 ) (136,618 ) 14.60 Change in estimated restricted shares considered probable of vesting n/a (102,080 ) 12.31 Balance as of September 30, 2017 1,940,008 962,670 $ 12.25

Non-controlling interests Nonco

Non-controlling interests Noncontrolling interests (Tables)	9 Months Ended
	Sep. 30, 2017
Noncontrolling Interest [Abstract]
Minority Interest	The following table is a reconciliation of the beginning and ending carrying amounts of redeemable noncontrolling interests in related party, noncontrolling interests in related party and total noncontrolling interests in related party for the nine months ended September 30, 2017 and 2016 (See Note 2 for additional information on changes in the presentation of noncontrolling interests): Redeemable noncontrolling interests in related party Noncontrolling interests in related party Total noncontrolling interests in related party September 30, September 30, 2016 September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Balance, beginning of period $ — $ — $ 35,674 $ 16,157 $ 35,674 $ 16,157 Changes in capital account allocation 16,813 — (30,433 ) 2,473 (13,620 ) 2,473 Balance, end of period $ 16,813 $ — $ 5,241 $ 18,630 $ 22,054 $ 18,630 In addition, the following table is a reconciliation of beginning and ending carrying amount of total noncontrolling interests in related party resulting from the consolidation of the Company’s joint venture in Third Point Re BDA and Third Point Re USA: Third Point Re BDA Third Point Re USA Total September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Balance, beginning of period $ 30,358 $ 14,152 $ 5,316 $ 2,005 $ 35,674 $ 16,157 Net income attributable to total noncontrolling interests in related party 2,503 1,263 657 210 3,160 1,473 Contributions (1) 2,865 — 354 1,000 3,219 1,000 Redemptions (17,999 ) — (2,000 ) — (19,999 ) — Balance, end of period $ 17,727 $ 15,415 $ 4,327 $ 3,215 $ 22,054 $ 18,630 (1) Contributions include performance fees earned associated with redemptions made in the period. See Note 8 for additional information.

Earnings (loss)per share (Table

Earnings (loss)per share (Tables)	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Schedule of reconciliation of basic and diluted weighted average shares outstanding	The following sets forth the computation of basic and diluted earnings per share available to Third Point Re common shareholders for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, September 30, September 30, September 30, Weighted-average number of common shares outstanding: ($ in thousands, except share and per share amounts) Basic number of common shares outstanding, net of treasury shares 101,391,145 103,780,196 102,553,346 104,055,946 Dilutive effect of options 1,536,419 940,627 1,162,851 570,580 Dilutive effect of warrants 1,416,696 912,286 1,067,832 682,594 Dilutive effect of restricted shares with service and performance condition 335,314 162,204 256,222 281,548 Diluted number of common shares outstanding 104,679,574 105,795,313 105,040,251 105,590,668 Basic earnings per common share: Net income available to Third Point Re common shareholders $ 54,685 $ 72,081 $ 233,449 $ 74,328 Net income allocated to Third Point Re participating common shareholders (55 ) (241 ) (256 ) (233 ) Net income allocated to Third Point Re common shareholders $ 54,630 $ 71,840 $ 233,193 $ 74,095 Basic earnings per share available to Third Point Re common shareholders $ 0.54 $ 0.69 $ 2.27 $ 0.71 Diluted earnings per common share: Net income available to Third Point Re common shareholders $ 54,685 $ 72,081 $ 233,449 $ 74,328 Net income allocated to Third Point Re participating common shareholders (53 ) (237 ) (250 ) (229 ) Net income allocated to Third Point Re common shareholders $ 54,632 $ 71,844 $ 233,199 $ 74,099 Diluted earnings per share available to Third Point Re common shareholders $ 0.52 $ 0.68 $ 2.22 $ 0.70

Financial instruments with of46

Financial instruments with off-balance sheet risk or concentrations of credit risk (Tables)	9 Months Ended
	Sep. 30, 2017
Guarantees [Abstract]
Schedule of certain information related to the Company’s written credit derivatives	The following table sets forth certain information related to the Company’s written credit derivatives as of September 30, 2017 and December 31, 2016 : September 30, 2017 Maximum Payout/ Notional Amount Fair Value of Written Credit Derivatives (2) Credit Spreads on underlying (basis points) 0-5 years 5 years or Total Written Asset Liability Net Asset/(Liability) ($ in thousands) Single name (0 - 250) $ 3,320 $ 2,393 $ 5,713 $ — $ 2,760 $ (2,760 ) Single name (251 - 500) 1,318 — 1,318 — 68 (68 ) $ 4,638 $ 2,393 $ 7,031 $ — $ 2,828 $ (2,828 ) December 31, 2016 Maximum Payout/ Notional Amount Fair Value of Written Credit Derivatives (2) Credit Spreads on underlying (basis points) 0-5 years 5 years or Total Written Asset Liability Net Asset/(Liability) ($ in thousands) Single name (0 - 250) $ — $ 3,943 $ 3,943 $ — $ 1,952 $ (1,952 ) (1) As of September 30, 2017 and December 31, 2016 , the Company did not hold any offsetting buy protection credit derivatives with the same underlying reference obligation. (2) Fair value amounts of derivative contracts are shown on a gross basis prior to cash collateral or counterparty netting.

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Schedule of operating segments	The following is a summary of the Company’s operating segment results for the three and nine months ended September 30, 2017 and 2016 : Three months ended September 30, 2017 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 174,539 $ — $ 174,539 Gross premiums ceded — — — Net premiums written 174,539 — 174,539 Change in net unearned premium reserves (68,564 ) — (68,564 ) Net premiums earned 105,975 — 105,975 Expenses Loss and loss adjustment expenses incurred, net 77,275 — 77,275 Acquisition costs, net 33,974 — 33,974 General and administrative expenses 7,291 5,927 13,218 Total expenses 118,540 5,927 124,467 Net underwriting loss (12,565 ) n/a n/a Net investment income 26,531 62,437 88,968 Other expenses (3,846 ) — (3,846 ) Interest expense — (2,074 ) (2,074 ) Foreign exchange losses — (5,437 ) (5,437 ) Income tax expense — (3,475 ) (3,475 ) Net income attributable to noncontrolling interests in related party — (959 ) (959 ) Segment income $ 10,120 $ 44,565 Net income available to Third Point Re common shareholders $ 54,685 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 72.9 % Acquisition cost ratio 32.1 % Composite ratio 105.0 % General and administrative expense ratio 6.9 % Combined ratio 111.9 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Nine months ended September 30, 2017 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 477,457 $ — $ 477,457 Gross premiums ceded (2,550 ) — (2,550 ) Net premiums written 474,907 — 474,907 Change in net unearned premium reserves (57,365 ) — (57,365 ) Net premiums earned 417,542 — 417,542 Expenses Loss and loss adjustment expenses incurred, net 270,549 — 270,549 Acquisition costs, net 157,067 — 157,067 General and administrative expenses 23,252 15,552 38,804 Total expenses 450,868 15,552 466,420 Net underwriting loss (33,326 ) n/a n/a Net investment inco me 93,857 230,946 324,803 Other expenses (8,852 ) — (8,852 ) Interest expense — (6,151 ) (6,151 ) Foreign exchange losses — (10,233 ) (10,233 ) Income tax expense — (14,080 ) (14,080 ) Net income attributable to noncontrolling interests in related party — (3,160 ) (3,160 ) Segment income $ 51,679 $ 181,770 Net income available to Third Point Re common shareholders $ 233,449 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 64.8 % Acquisition cost ratio 37.6 % Composite ratio 102.4 % General and administrative expense ratio 5.6 % Combined ratio 108.0 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Three months ended September 30, 2016 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 142,573 $ — $ 142,573 Gross premiums ceded (927 ) — (927 ) Net premiums written 141,646 — 141,646 Change in net unearned premium reserves (13,463 ) — (13,463 ) Net premiums earned 128,183 — 128,183 Expenses Loss and loss adjustment expenses incurred, net 85,015 — 85,015 Acquisition costs, net 45,127 — 45,127 General and administrative expenses 6,380 5,974 12,354 Total expenses 136,522 5,974 142,496 Net underwriting loss (8,339 ) n/a n/a Net investment income 22,031 66,325 88,356 Other expenses (347 ) — (347 ) Interest expense — (2,069 ) (2,069 ) Foreign exchange gains — 3,905 3,905 Income tax expense — (2,484 ) (2,484 ) Net income attributable to noncontrolling interests in related party — (967 ) (967 ) Segment income $ 13,345 $ 58,736 Net income available to Third Point Re common shareholders $ 72,081 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 66.3 % Acquisition cost ratio 35.2 % Composite ratio 101.5 % General and administrative expense ratio 5.0 % Combined ratio 106.5 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned. Nine months ended September 30, 2016 Property and Casualty Reinsurance Corporate Total Revenues ($ in thousands) Gross premiums written $ 536,595 $ — $ 536,595 Gross premiums ceded (2,352 ) — (2,352 ) Net premiums written 534,243 — 534,243 Change in net unearned premium reserves (136,136 ) — (136,136 ) Net premiums earned 398,107 — 398,107 Expenses Loss and loss adjustment expenses incurred, net 273,822 — 273,822 Acquisition costs, net 145,296 — 145,296 General and administrative expenses 19,527 14,358 33,885 Total expenses 438,645 14,358 453,003 Net underwriting loss (40,538 ) n/a n/a Net investment income 32,868 101,724 134,592 Other expenses (6,226 ) — (6,226 ) Interest expense — (6,163 ) (6,163 ) Foreign exchange gains — 14,359 14,359 Income tax expense — (5,865 ) (5,865 ) Net income attributable to noncontrolling interests in related party — (1,473 ) (1,473 ) Segment income (loss) $ (13,896 ) $ 88,224 Net income available to Third Point Re common shareholders $ 74,328 Property and Casualty Reinsurance - Underwriting Ratios (1): Loss ratio 68.8 % Acquisition cost ratio 36.5 % Composite ratio 105.3 % General and administrative expense ratio 4.9 % Combined ratio 110.2 % (1) Underwriting ratios are calculated by dividing the related expense by net premiums earned.
Schedules of number of contracts that individually contributed more than 10% of total gross premiums written	The following table lists the number of contracts that individually contributed more than 10% of total gross premiums written for the three and nine months ended September 30, 2017 and 2016 as a percentage of total gross premiums written in the relevant period: Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 Largest contract 51.1 % 42.4 % 21.6 % 20.9 % Second largest contract 14.9 % 26.8 % 18.7 % 11.3 % Third largest contract n/a 10.1 % 12.2 % n/a Total for contracts contributing greater than 10% each 66.0 % 79.3 % 52.5 % 32.2 % Total for contracts contributing less than 10% each 34.0 % 20.7 % 47.5 % 67.8 % 100.0 % 100.0 % 100.0 % 100.0 %
Schedule of breakdown of the Company’s gross premiums written by line of business	The following table provides a breakdown of the Company’s gross premiums written by line of business for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Property $ (3 ) — % $ 56,632 39.7 % $ (8,818 ) (1.9 )% $ 63,714 11.9 % Casualty 161,110 92.3 % 26,640 18.7 % 366,455 76.8 % 187,146 34.9 % Specialty 13,432 7.7 % 59,301 41.6 % 119,820 25.1 % 285,735 53.2 % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 % The following table provides a breakdown of the Company’s gross premiums written by prospective and retroactive reinsurance contracts for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Prospective $ 172,856 99.0 % $ 142,573 100.0 % $ 391,897 82.1 % $ 536,595 100.0 % Retroactive (1) 1,683 1.0 % — — % 85,560 17.9 % — — % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 % (1) Includes all retroactive exposure in reinsurance contracts.
Schedule of breakdown of the Company’s gross premiums written from brokers	The following table sets forth the Company’s premiums written by source that individually contributed more than 10% of total gross premiums written for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) Largest broker $ 90,341 51.8 % $ 95,073 66.7 % $ 134,324 28.1 % $ 186,737 34.8 % Second largest broker 44,676 25.6 % 27,461 19.3 % 118,618 24.9 % 180,631 33.7 % Third largest broker n/a n/a n/a n/a 107,612 22.5 % 89,756 16.7 % Other 39,522 22.6 % 20,039 14.0 % 116,903 24.5 % 79,471 14.8 % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 %
Schedule of breakdown of the Company’s gross premiums written by domicile of the ceding companies	The following table provides a breakdown of the Company’s gross premiums written by domicile of the ceding companies for the three and nine months ended September 30, 2017 and 2016 : Three months ended Nine months ended September 30, 2017 September 30, 2016 September 30, 2017 September 30, 2016 ($ in thousands) United States $ 145,313 83.3 % $ 123,233 86.4 % $ 189,082 39.6 % $ 290,971 54.2 % Bermuda 8,278 4.7 % 18,538 13.0 % 62,353 13.1 % 65,078 12.1 % United Kingdom 948 0.5 % 802 0.6 % 201,542 42.2 % 180,546 33.7 % Other 20,000 11.5 % — — % 24,480 5.1 % — — % $ 174,539 100.0 % $ 142,573 100.0 % $ 477,457 100.0 % $ 536,595 100.0 %

Supplemental Guarantor Inform48

Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEET As of September 30, 2017 (expressed in thousands of U.S. dollars) Third Point Re TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Assets Equity securities $ — $ — $ 2,017,463 $ — $ 2,017,463 Debt securities — — 656,118 — 656,118 Other investments — — 30,932 — 30,932 Total investments in securities — — 2,704,513 — 2,704,513 Cash and cash equivalents — 200 6,234 — 6,434 Restricted cash and cash equivalents — — 477,362 — 477,362 Investment in subsidiaries 1,613,968 276,251 165,913 (2,056,132 ) — Due from brokers — — 387,786 — 387,786 Derivative assets, at fair value — — 75,781 — 75,781 Interest and dividends receivable — — 4,210 — 4,210 Reinsurance balances receivable — — 478,206 — 478,206 Deferred acquisition costs, net — — 223,091 — 223,091 Amounts due from (to) affiliates (1,493 ) (3,588 ) 5,081 — — Other assets 734 — 10,730 — 11,464 Total assets $ 1,613,209 $ 272,863 $ 4,538,907 $ (2,056,132 ) $ 4,368,847 Liabilities Accounts payable and accrued expenses (1) $ 1,055 $ (7,920 ) $ 31,445 $ — $ 24,580 Reinsurance balances payable — — 54,654 — 54,654 Deposit liabilities — — 126,491 — 126,491 Unearned premium reserves — — 615,375 — 615,375 Loss and loss adjustment expense reserves — — 699,369 — 699,369 Securities sold, not yet purchased, at fair value — — 405,845 — 405,845 Due to brokers — — 602,230 — 602,230 Derivative liabilities, at fair value — — 17,280 — 17,280 Performance fee payable to related party — — 73,210 — 73,210 Interest and dividends payable — 1,026 891 — 1,917 Senior notes payable, net of deferred costs — 113,688 — — 113,688 Total liabilities 1,055 106,794 2,626,790 — 2,734,639 Redeemable noncontrolling interests in related party — — 16,813 — 16,813 Shareholders’ equity Common shares 10,738 — 1,250 (1,250 ) 10,738 Treasury shares (48,253 ) — — — (48,253 ) Additional paid-in capital 1,099,998 166,080 1,533,281 (1,699,361 ) 1,099,998 Retained earnings (deficit) 549,671 (11 ) 355,532 (355,521 ) 549,671 Shareholders’ equity attributable to Third Point Re common shareholders 1,612,154 166,069 1,890,063 (2,056,132 ) 1,612,154 Noncontrolling interests in related party — — 5,241 — 5,241 Total shareholders’ equity 1,612,154 166,069 1,895,304 (2,056,132 ) 1,617,395 Total liabilities, noncontrolling interests and shareholders’ equity $ 1,613,209 $ 272,863 $ 4,538,907 $ (2,056,132 ) $ 4,368,847 (1) Negative balance of $7.9 million represents net deferred tax assets that are offset by net deferred tax liabilities in Third Point Re USA of $8.0 million , resulting in a net liability position as of September 30, 2017 . CONDENSED CONSOLIDATING BALANCE SHEET As of December 31, 2016 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Assets Equity securities $ — $ — $ 1,506,854 $ — $ 1,506,854 Debt securities — — 1,057,957 — 1,057,957 Other investments — — 82,701 — 82,701 Total investments in securities — — 2,647,512 — 2,647,512 Cash and cash equivalents 1,629 79 8,243 — 9,951 Restricted cash and cash equivalents — — 298,940 — 298,940 Investment in subsidiaries 1,413,078 269,622 165,324 (1,848,024 ) — Due from brokers — — 284,591 — 284,591 Derivative assets, at fair value — — 27,432 — 27,432 Interest and dividends receivable — — 6,505 — 6,505 Reinsurance balances receivable — — 381,951 — 381,951 Deferred acquisition costs, net — — 221,618 — 221,618 Amounts due from (to) affiliates (142 ) (8,394 ) 8,536 — — Other assets 637 5,507 11,000 — 17,144 Total assets $ 1,415,202 $ 266,814 $ 4,061,652 $ (1,848,024 ) $ 3,895,644 Liabilities Accounts payable and accrued expenses $ 1,151 $ 40 $ 9,130 $ — $ 10,321 Reinsurance balances payable — — 43,171 — 43,171 Deposit liabilities — — 104,905 — 104,905 Unearned premium reserves — — 557,076 — 557,076 Loss and loss adjustment expense reserves — — 605,129 — 605,129 Securities sold, not yet purchased, at fair value — — 92,668 — 92,668 Due to brokers — — 899,601 — 899,601 Derivative liabilities, at fair value — — 16,050 — 16,050 Interest and dividends payable — 3,057 386 — 3,443 Senior notes payable, net of deferred costs — 113,555 — — 113,555 Total liabilities 1,151 116,652 2,328,116 — 2,445,919 Shareholders’ equity Common shares 10,650 — 1,250 (1,250 ) 10,650 Treasury shares (7,389 ) — — — (7,389 ) Additional paid-in capital 1,094,568 165,456 1,528,827 (1,694,283 ) 1,094,568 Retained earnings (deficit) 316,222 (15,294 ) 167,785 (152,491 ) 316,222 Shareholders' equity attributable to Third Point Re common shareholders 1,414,051 150,162 1,697,862 (1,848,024 ) 1,414,051 Noncontrolling interests in related party — — 35,674 — 35,674 Total shareholders' equity 1,414,051 150,162 1,733,536 (1,848,024 ) 1,449,725 Total liabilities, noncontrolling interests and shareholders’ equity $ 1,415,202 $ 266,814 $ 4,061,652 $ (1,848,024 ) $ 3,895,644
Condensed Consolidating Statement of Income	CONDENSED CONSOLIDATING STATEMENTS OF INCOME (expressed in thousands of U.S. dollars) Three months ended September 30, 2017 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 174,539 $ — $ 174,539 Gross premiums ceded — — — — — Net premiums written — — 174,539 — 174,539 Change in net unearned premium reserves — — (68,564 ) — (68,564 ) Net premiums earned — — 105,975 — 105,975 Net investment inco me — — 88,968 — 88,968 Equity in earnings (losses) of sub sidiaries 55,847 5,473 (30 ) (61,290 ) — Total revenues 55,847 5,473 194,913 (61,290 ) 194,943 Expenses Loss and loss adjustment expenses incurred, net — — 77,275 — 77,275 Acquisition costs, net — — 33,974 — 33,974 General and administrative expenses 1,162 17 12,039 — 13,218 Other expenses — — 3,846 — 3,846 Interest expense — 2,074 — — 2,074 Foreign exchange losse s — — 5,437 — 5,437 Total expenses 1,162 2,091 132,571 — 135,824 Income before income tax expense 54,685 3,382 62,342 (61,290 ) 59,119 Income tax (expens e) benefit — 732 (4,207 ) — (3,475 ) Net income 54,685 4,114 58,135 (61,290 ) 55,644 Net income attributable to noncontrolling intere sts in related party — — (959 ) — (959 ) Net income available to Third Point Re common shareholders $ 54,685 $ 4,114 $ 57,176 $ (61,290 ) $ 54,685 Nine months ended September 30, 2017 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 477,457 $ — $ 477,457 Gross premiums ceded — — (2,550 ) — (2,550 ) Net premiums written — — 474,907 — 474,907 Change in net unearned premium reserves — — (57,365 ) — (57,365 ) Net premiums earned — — 417,542 — 417,542 Net investment income — — 324,803 — 324,803 Equity in earnings (losses) of s ubsidiaries 237,060 19,305 (35 ) (256,330 ) — Total revenues 237,060 19,305 742,310 (256,330 ) 742,345 Expenses Loss and loss adjustment expenses incurred, net — — 270,549 — 270,549 Acquisition costs, net — — 157,067 — 157,067 General and administrative expenses 3,611 37 35,156 — 38,804 Other expenses — — 8,852 — 8,852 Interest expense — 6,151 — — 6,151 Foreign exchange losses — — 10,233 — 10,233 Total expenses 3,611 6,188 481,857 — 491,656 Income before income tax expense 233,449 13,117 260,453 (256,330 ) 250,689 Income tax (expense) benefit — 2,166 (16,246 ) — (14,080 ) Net income 233,449 15,283 244,207 (256,330 ) 236,609 Net income attributable to noncontrolling interests in related party — — (3,160 ) — (3,160 ) Net income available to Third Point Re common shareholders $ 233,449 $ 15,283 $ 241,047 $ (256,330 ) $ 233,449 CONDENSED CONSOLIDATING STATEMENTS OF INCOME (expressed in thousands of U.S. dollars) Three months ended September 30, 2016 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 142,573 $ — $ 142,573 Gross premiums ceded — — (927 ) — (927 ) Net premiums written — — 141,646 — 141,646 Change in net unearned premium reserves — — (13,463 ) — (13,463 ) Net premiums earned — — 128,183 — 128,183 Net investment income — — 88,356 — 88,356 Equity in earnings (losses) of s ubsidiaries 73,268 3,916 (35 ) (77,149 ) — Total revenues 73,268 3,916 216,504 (77,149 ) 216,539 Expenses Loss and loss adjustment expenses incurred, net — — 85,015 — 85,015 Acquisition costs, net — — 45,127 — 45,127 General and administrative expenses 1,187 11 11,156 — 12,354 Other expenses — — 347 — 347 Interest expense — 2,069 — — 2,069 Foreign exchange gains — — (3,905 ) — (3,905 ) Total expenses 1,187 2,080 137,740 — 141,007 Income before income tax expen se 72,081 1,836 78,764 (77,149 ) 75,532 Income tax (expens e) benefit — 728 (3,212 ) — (2,484 ) Net income 72,081 2,564 75,552 (77,149 ) 73,048 Net income attributable to noncontrolling inte rests in related party — — (967 ) — (967 ) Net inco me available to Third Point Re common shareholders $ 72,081 $ 2,564 $ 74,585 $ (77,149 ) $ 72,081 Nine months ended September 30, 2016 Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Revenues Gross premiums written $ — $ — $ 536,595 $ — $ 536,595 Gross premiums ceded — — (2,352 ) — (2,352 ) Net premiums written — — 534,243 — 534,243 Change in net unearned premium reserves — — (136,136 ) — (136,136 ) Net premiums earned — — 398,107 — 398,107 Net investment inco me — — 134,592 — 134,592 Equity in earnings (losses) of sub sidiaries 77,829 6,015 (78 ) (83,766 ) — Total revenues 77,829 6,015 532,621 (83,766 ) 532,699 Expenses Loss and loss adjustment expenses incurred, net — — 273,822 — 273,822 Acquisition costs, net — — 145,296 — 145,296 General and administrative expenses 3,501 41 30,343 — 33,885 Other expenses — — 6,226 — 6,226 Interest expense — 6,163 — — 6,163 Foreign exchange gains — — (14,359 ) — (14,359 ) Total expenses 3,501 6,204 441,328 — 451,033 Income (loss) before income ta x (expense) benefit 74,328 (189 ) 91,293 (83,766 ) 81,666 Income tax (expens e) benefit — 2,171 (8,036 ) — (5,865 ) Net income 74,328 1,982 83,257 (83,766 ) 75,801 Net income attributable to noncontrolling inte rests in related party — — (1,473 ) — (1,473 ) Net inco me available to Third Point Re common shareholders $ 74,328 $ 1,982 $ 81,784 $ (83,766 ) $ 74,328
Condensed Consolidating Statement of Cash Flows	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2017 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Operating activities Net income $ 233,449 $ 15,283 $ 244,207 $ (256,330 ) $ 236,609 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in (earnings) losses of subsidiaries (237,060 ) (19,305 ) 35 256,330 — Share compensation expense 184 — 3,830 — 4,014 Net interest expense on deposit liabilities — — 1,472 — 1,472 Net unrealized gain on investments and derivatives — — (203,299 ) — (203,299 ) Net realized gain on investments and derivatives — — (180,382 ) — (180,382 ) Net foreign exchange losses — — 10,233 — 10,233 Amortization of premium and accretion of discount, net — 133 (585 ) — (452 ) Changes in assets and liabilities: Reinsurance balances receivable — — (77,444 ) — (77,444 ) Deferred acquisition costs, net — — (1,473 ) — (1,473 ) Other assets (97 ) 5,507 288 — 5,698 Interest and dividends receivable, net — (2,031 ) 2,800 — 769 Unearned premium reserves — — 58,299 — 58,299 Loss and loss adjustment expense reserves — — 78,931 — 78,931 Accounts payable and accrued expenses (96 ) (7,960 ) 22,229 — 14,173 Reinsurance balances payable — — 11,462 — 11,462 Performance fees payable to related party — — 73,210 — 73,210 Amounts due from (to) affiliates 1,351 (4,806 ) 3,455 — — Net cash provided by (used in) operating activities (2,269 ) (13,179 ) 47,268 — 31,820 Investing activities Purchases of investments — — (2,238,167 ) — (2,238,167 ) Proceeds from sales of investments — — 2,536,688 — 2,536,688 Purchases of investments to cover short sales — — (440,242 ) — (440,242 ) Proceeds from short sales of investments — — 735,132 — 735,132 Change in due to/from brokers, net — — (400,566 ) — (400,566 ) Change in restricted cash and cash equivalents — — (178,422 ) — (178,422 ) Net cash provided by investing activities — — 14,423 — 14,423 Financing activities Proceeds from issuance of Third Point Re common shares, net of costs 1,504 — — — 1,504 Purchases of Third Point Re common shares under share repurchase program (40,864 ) — — — (40,864 ) Decrease in deposit liabilities, net — — 6,380 — 6,380 Change in total noncontrolling interests in related party, net — — (16,780 ) — (16,780 ) Dividend received by (paid to) parent 40,000 13,300 (53,300 ) — — Net cash provided by (used in) financing activities 640 13,300 (63,700 ) — (49,760 ) Net increase (decrease) in cash and cash equivalents (1,629 ) 121 (2,009 ) — (3,517 ) Cash and cash equivalents at beginning of period 1,629 79 8,243 — 9,951 Cash and cash equivalents at end of period $ — $ 200 $ 6,234 $ — $ 6,434 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2016 (expressed in thousands of U.S. dollars) Third TPRUSA Non-Guarantor Subsidiaries Eliminations Consolidated Operating activities Net income $ 74,328 $ 1,982 $ 83,257 $ (83,766 ) $ 75,801 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in (earnings) losses of subsidiaries (77,829 ) (6,015 ) 78 83,766 — Share compensation expense 362 — 6,234 — 6,596 Net interest income on deposit liabilities — — (507 ) — (507 ) Net unrealized loss on investments and derivatives — — (90,675 ) — (90,675 ) Net realized gain on investments and derivatives — — (62,316 ) — (62,316 ) Net foreign exchange gains — — (14,359 ) — (14,359 ) Amortization of premium and accretion of discount, net — 133 4,821 — 4,954 Changes in assets and liabilities: Reinsurance balances receivable — — (145,593 ) — (145,593 ) Deferred acquisition costs, net — — (58,286 ) — (58,286 ) Other assets (187 ) (2,171 ) (2,602 ) — (4,960 ) Interest and dividends receivable, net — (2,021 ) (1,676 ) — (3,697 ) Unearned premium reserves — — 137,270 — 137,270 Loss and loss adjustment expense reserves — — 111,014 — 111,014 Accounts payable and accrued expenses (1,561 ) 20 3,059 — 1,518 Reinsurance balances payable — — 24,013 — 24,013 Performance fees payable to related party — — 24,846 — 24,846 Amounts due from (to) affiliates (345 ) 8,067 (7,722 ) — — Net cash provided by (used in) operating activities (5,232 ) (5 ) 10,856 — 5,619 Investing activities Purchases of investments — — (2,803,862 ) — (2,803,862 ) Proceeds from sales of investments — — 2,533,656 — 2,533,656 Purchases of investments to cover short sales — — (978,039 ) — (978,039 ) Proceeds from short sales of investments — — 854,689 — 854,689 Change in due to/from brokers, net — — 362,695 — 362,695 Increase in securities sold under an agreement to repurchase — — 46,936 — 46,936 Change in restricted cash and cash equivalents — — (34,536 ) — (34,536 ) Contributed capital to subsidiaries (5,000 ) 5,000 — — — Contributed capital from parent and/or subsidiaries — (5,000 ) 5,000 — — Net cash used in investing activities (5,000 ) — (13,461 ) — (18,461 ) Financing activities Proceeds from issuance of Third Point Re common shares, net of costs 3,878 — — — 3,878 Purchases of Third Point Re common shares under share repurchase program (7,389 ) — — — (7,389 ) Increase in deposit liabilities, net — — 15,928 — 15,928 Change in total noncontrolling interests in related party, net — — 1,000 — 1,000 Dividend received by (paid to) parent 15,000 — (15,000 ) — — Net cash provided by financing activities 11,489 — 1,928 — 13,417 Net decrease in cash and cash equivalents 1,257 (5 ) (677 ) — 575 Cash and cash equivalents at beginning of period 308 5 20,094 — 20,407 Cash and cash equivalents at end of period $ 1,565 $ — $ 19,417 $ — $ 20,982

Restricted cash and cash equi49

Restricted cash and cash equivalents and restricted investments (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and cash equivalents	$ 477,362	$ 298,940
Restricted Investments	328,033	427,308
Total restricted cash and cash equivalents and investments	805,395	726,248
Restricted cash securing letter of credit facilities
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and cash equivalents	209,494	231,822
Restricted cash securing other reinsurance contracts
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and cash equivalents	$ 267,868	$ 67,118

Investments - Schedule of the s

Investments - Schedule of the separate account managed by TP LLC (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Total assets	$ 3,649,193	$ 3,237,312
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	1,124,184	1,045,753
Total net investments managed by Third Point LLC	2,525,009	2,191,559
Total investments in securities
Assets
Total assets	2,703,605	2,619,839
Cash and cash equivalents
Assets
Total assets	449	5
Restricted cash and cash equivalents
Assets
Total assets	477,362	298,940
Due from brokers
Assets
Total assets	387,786	284,591
Derivative assets
Assets
Total assets	75,781	27,432
Interest and dividends receivable
Assets
Total assets	4,210	6,505
Accounts payable and accrued expenses
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	2,674	1,374
Net investment gains on securities sold, not yet purchased
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	405,845	92,668
Due to brokers
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	602,230	899,601
Derivative liabilities
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	17,280	16,050
Performance fee payable to related party
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	73,210	0
Interest and dividends payable
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	891	386
Total noncontrolling interests in related party (1)
Liabilities and shareholders’ equity
Total liabilities and shareholders' equity	$ 22,054	$ 35,674

Investments - Schedule of the l

Investments - Schedule of the largest concentration of asset-backed securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 196,405	$ 254,852
Portfolio Concentration Risk | Asset-backed securities
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 196,405	$ 254,852
Concentration risk, percentage	100.00%	100.00%
Portfolio Concentration Risk | Asset-backed securities | Re-REMIC
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 123,813	$ 44,359
Concentration risk, percentage	63.00%	17.40%
Portfolio Concentration Risk | Asset-backed securities | Subprime RMBS
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 0	$ 117,152
Concentration risk, percentage	0.00%	46.00%
Portfolio Concentration Risk | Asset-backed securities | Market place loans
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 54,403	$ 44,143
Concentration risk, percentage	27.70%	17.30%
Portfolio Concentration Risk | Asset-backed securities | Other debt securities
Schedule of Available-for-sale Securities [Line Items]
Asset-backed securities	$ 18,189	$ 49,198
Concentration risk, percentage	9.30%	19.30%

Investments - Schedule of inves

Investments - Schedule of investments, categorized by the level of the fair value hierarchy (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Assets
Equity securities	$ 1,960,003	$ 1,453,221
Private common equity securities	4,774	4,799
Private preferred equity securities	52,686	48,834
Total equities	2,017,463	1,506,854
Asset-backed securities	196,405	254,852
Bank debt	20,279	56,896
Corporate bonds	51,848	218,280
U.S. Treasury securities	251,861	327,016
Sovereign debt	123,843	200,913
Other debt securities	11,882
Total debt securities	656,118	1,057,957
Options	3,972	1,024
Rights and warrants	22
Real estate	2,755
Trade claims	7,246	9,022
Total other investments	13,995	10,046
Derivative assets, at fair value	75,781	27,432
Total assets	2,763,357	2,602,289
Investments in funds valued at NAV	16,937	72,655
Assets Including Alternative Investments, Fair Value Disclosure	2,780,294	2,674,944
Liabilities
Equity securities	386,102	71,457
Corporate bonds	11,269	17,683
Options	8,474	3,528
Total securities sold, not yet purchased	405,845	92,668
Derivative liabilities, at fair value	17,280	16,050
Derivative liabilities (embedded)	180	92
Total liabilities	423,305	108,810
Quoted prices in active markets (Level 1)
Assets
Equity securities	1,942,935	1,450,966
Private common equity securities	0	0
Private preferred equity securities	0	0
Total equities	1,942,935	1,450,966
Asset-backed securities	0	0
Bank debt	0	0
Corporate bonds	0	0
U.S. Treasury securities	0	0
Sovereign debt	0	0
Other debt securities	0
Total debt securities	0	0
Options	997	343
Rights and warrants	0
Real estate	0
Trade claims	0	0
Total other investments	997	343
Derivative assets, at fair value	1,295	961
Total assets	1,945,227	1,452,270
Liabilities
Equity securities	386,102	71,457
Corporate bonds	0	0
Options	1,894	0
Total securities sold, not yet purchased	387,996	71,457
Derivative liabilities, at fair value	0	1,608
Derivative liabilities (embedded)	0	0
Total liabilities	387,996	73,065
Significant other observable inputs (Level 2)
Assets
Equity securities	17,068	2,255
Private common equity securities	0	0
Private preferred equity securities	0	0
Total equities	17,068	2,255
Asset-backed securities	174,613	237,224
Bank debt	9,558	48,546
Corporate bonds	42,163	209,025
U.S. Treasury securities	251,861	327,016
Sovereign debt	123,843	200,913
Other debt securities	4,614
Total debt securities	606,652	1,022,724
Options	2,975	681
Rights and warrants	20
Real estate	0
Trade claims	7,246	9,022
Total other investments	10,241	9,703
Derivative assets, at fair value	74,486	26,471
Total assets	708,447	1,061,153
Liabilities
Equity securities	0	0
Corporate bonds	11,269	17,683
Options	6,580	3,528
Total securities sold, not yet purchased	17,849	21,211
Derivative liabilities, at fair value	15,115	13,116
Derivative liabilities (embedded)	0	0
Total liabilities	32,964	34,327
Significant unobservable inputs (Level 3)
Assets
Equity securities	0	0
Private common equity securities	4,774	4,799
Private preferred equity securities	52,686	48,834
Total equities	57,460	53,633
Asset-backed securities	21,792	17,628
Bank debt	10,721	8,350
Corporate bonds	9,685	9,255
U.S. Treasury securities	0	0
Sovereign debt	0	0
Other debt securities	7,268
Total debt securities	49,466	35,233
Options	0	0
Rights and warrants	2
Real estate	2,755
Trade claims	0	0
Total other investments	2,757	0
Derivative assets, at fair value	0	0
Total assets	109,683	88,866
Liabilities
Equity securities	0	0
Corporate bonds	0	0
Options	0	0
Total securities sold, not yet purchased	0	0
Derivative liabilities, at fair value	2,165	1,326
Derivative liabilities (embedded)	180	92
Total liabilities	$ 2,345	$ 1,418

Investments - Schedule of recon

Investments - Schedule of reconciliation of the balances for all investments measured at fair value using significant unobservable inputs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Assets
Asset fair value, beginning balance	$ 113,898	$ 40,175	$ 88,866	$ 42,085
Transfers in to (out of) Level 3	(8,993)	(213)	16,177	(5,693)
Purchases	34,075	7,898	69,072	21,127
Sales	(29,693)	(396)	(60,078)	(2,101)
Realized and Unrealized Gains (Losses) (1)	396	3,713	(4,354)	(4,241)
Asset fair value, ending balance	109,683	51,177	109,683	51,177
Liabilities
Liability fair value, beginning balance	(1,547)	(7,555)	(1,418)	(6,583)
Transfers in to (out of) Level 3	0	0	0	0
Purchases	0	0	0	0
Sales	0	(106)	(38)	(1,167)
Realized and Unrealized Gains(Losses)	(798)	39	(889)	128
Liability fair value, ending balance	(2,345)	(7,622)	(2,345)	(7,622)
Total change in unrealized (gains) losses on fair value of assets using significant unobservable inputs	(100)	(3,400)	3,200	4,100
Derivative liabilities (free standing)
Liabilities
Liability fair value, beginning balance	(1,367)	(1,220)	(1,326)	(1,020)
Transfers in to (out of) Level 3	0	0	0	0
Purchases	0	0	0	0
Sales	0	(106)	(38)	(306)
Realized and Unrealized Gains(Losses)	(798)	0	(801)	0
Liability fair value, ending balance	(2,165)	(1,326)	(2,165)	(1,326)
Derivative liabilities (embedded)
Liabilities
Liability fair value, beginning balance	(180)	(6,335)	(92)	(5,563)
Transfers in to (out of) Level 3	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	(861)
Realized and Unrealized Gains(Losses)	0	39	(88)	128
Liability fair value, ending balance	(180)	(6,296)	(180)	(6,296)
Private common equity securities
Assets
Asset fair value, beginning balance	4,775	3,170	4,799	4,357
Transfers in to (out of) Level 3	0	0	0	0
Purchases	0	60	0	60
Sales	0	0	0	0
Realized and Unrealized Gains (Losses) (1)	(1)	203	(25)	(984)
Asset fair value, ending balance	4,774	3,433	4,774	3,433
Private preferred equity securities
Assets
Asset fair value, beginning balance	50,759	31,079	48,834	24,178
Transfers in to (out of) Level 3	0	0	0	0
Purchases	2,095	2,646	3,034	14,900
Sales	(1,607)	(60)	(2,102)	(60)
Realized and Unrealized Gains (Losses) (1)	1,439	2,951	2,920	(2,402)
Asset fair value, ending balance	52,686	36,616	52,686	36,616
Asset-backed securities
Assets
Asset fair value, beginning balance	35,711	2,814	17,628	2,617
Transfers in to (out of) Level 3	(8,759)	(213)	16,437	1,967
Purchases	23,320	225	57,346	1,001
Sales	(24,581)	(334)	(56,947)	(1,941)
Realized and Unrealized Gains (Losses) (1)	(3,899)	303	(12,672)	(849)
Asset fair value, ending balance	21,792	2,795	21,792	2,795
Bank debt
Assets
Asset fair value, beginning balance	10,246		8,350	7,660
Transfers in to (out of) Level 3	0		0	(7,660)
Purchases	0		4	0
Sales	0		(310)	0
Realized and Unrealized Gains (Losses) (1)	475		2,677	0
Asset fair value, ending balance	10,721	0	10,721	0
Corporate bonds
Assets
Asset fair value, beginning balance	9,095	3,110	9,255	3,252
Transfers in to (out of) Level 3	(236)	0	(262)	0
Purchases	1,183	4,967	1,211	5,166
Sales	(198)	0	(719)	(80)
Realized and Unrealized Gains (Losses) (1)	(159)	256	200	(5)
Asset fair value, ending balance	9,685	8,333	9,685	8,333
Other debt securities
Assets
Asset fair value, beginning balance	3,312		0
Transfers in to (out of) Level 3	0		0
Purchases	5,120		5,120
Sales	(3,307)		0
Realized and Unrealized Gains (Losses) (1)	2,143		2,148
Asset fair value, ending balance	7,268		7,268
Sovereign debt
Assets
Asset fair value, beginning balance		2		21
Transfers in to (out of) Level 3		0		0
Purchases		0		0
Sales		(2)		(20)
Realized and Unrealized Gains (Losses) (1)		0		(1)
Asset fair value, ending balance		$ 0		$ 0
Rights and warrants
Assets
Asset fair value, beginning balance	0		0
Transfers in to (out of) Level 3	2		2
Purchases	0		0
Sales	0		0
Realized and Unrealized Gains (Losses) (1)	0		0
Asset fair value, ending balance	2		2
Real estate
Assets
Asset fair value, beginning balance	0		0
Transfers in to (out of) Level 3	0		0
Purchases	2,357		2,357
Sales	0		0
Realized and Unrealized Gains (Losses) (1)	398		398
Asset fair value, ending balance	$ 2,755		$ 2,755

Investments - Schedule of unobs

Investments - Schedule of unobservable inputs (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)	Dec. 31, 2016USD ($)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Corporate bonds	$ 51,848	$ 218,280
Derivative liabilities (embedded)	180	92
Significant unobservable inputs (Level 3)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Corporate bonds	9,685	9,255
Derivative liabilities (embedded)	180	92
Private Equity Funds | Market Approach Valuation Technique | Significant unobservable inputs (Level 3)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investments, Fair Value Disclosure	$ 45,991	$ 47,608
Private Equity Funds | Market Approach Valuation Technique | Significant unobservable inputs (Level 3) | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Volatility	29.00%	40.00%
Fair Value Inputs, Discount Rate		5.00%
Fair Value Assumptions, Exit Term	9 months	4 months 24 days
Fair Value Assumptions, Multiples		2
Private Equity Funds | Market Approach Valuation Technique | Significant unobservable inputs (Level 3) | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Volatility	55.00%	60.00%
Fair Value Inputs, Discount Rate		25.00%
Fair Value Assumptions, Exit Term	3 years	2 years 9 months 18 days
Fair Value Assumptions, Multiples		3.8
Bank Debt [Member] | Discounted cash flow | Significant unobservable inputs (Level 3)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investments, Fair Value Disclosure	$ 10,284
Bank Debt [Member] | Discounted cash flow | Significant unobservable inputs (Level 3) | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Variable rate spread	1.024%
Debt Instrument, Term	1 year
Bank Debt [Member] | Discounted cash flow | Significant unobservable inputs (Level 3) | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Variable rate spread	1.144%
Debt Instrument, Term	4 years
Other debt securities | Discounted cash flow | Significant unobservable inputs (Level 3)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investments, Fair Value Disclosure	$ 7,268
Other debt securities | Discounted cash flow | Significant unobservable inputs (Level 3) | Minimum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Discount Rate	9.50%
Fair Value Inputs, Cap Rate	6.50%
Other debt securities | Discounted cash flow | Significant unobservable inputs (Level 3) | Maximum
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Cap Rate	10.00%
Real estate | Discounted cash flow | Significant unobservable inputs (Level 3)
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Investments, Fair Value Disclosure	$ 2,755
Fair Value Inputs, Discount Rate	8.50%
Fair Value Inputs, Cap Rate	7.00%

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Investment [Line Items]
Total change in unrealized (gains) losses on fair value of assets using significant unobservable inputs	$ (100,000)	$ (3,400,000)	$ 3,200,000	$ 4,100,000
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	396,000	3,713,000	(4,354,000)	(4,241,000)
Transfer of Assets from Level 1 to Level 2	0		0		$ 0
Securities valued based on dealer quotes or other quoted market prices for similar securities	$ 194,700,000		$ 194,700,000		$ 315,300,000
Percent of securities valued based on dealer quotes or other quoted market prices for similar securities	7.00%		7.00%		11.90%
Securities sold, not yet purchased, valued based on dealer quotes or other quoted market prices for similar securities	$ 2,200,000		$ 2,200,000		$ 2,000,000
Percent of securities sold, not yet purchased, valued based on dealer quotes or other quoted market prices for similar securities	0.50%		0.50%		1.80%
investments fair valued by the Company’s Investment Manager	3.50%		3.50%		2.40%
Private securities, percent fair valued by third party valuation firm	98.30%		98.30%
Private common equity securities	$ 95,900,000		$ 95,900,000		$ 63,200,000
Investments in funds valued at NAV	16,937,000		16,937,000		72,655,000
Bank debt	20,279,000		20,279,000		56,896,000
Investment in Kiskadee Fund
Investment [Line Items]
Committed capital						$ 25,000,000
Withdrawal from investment			26,700,000		300,000
Corporate bonds
Investment [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	(159,000)	$ 256,000	200,000	$ (5,000)
Significant unobservable inputs (Level 3)
Investment [Line Items]
Bank debt	10,721,000		10,721,000		8,350,000
Investment in Kiskadee Fund | Investment in Kiskadee Fund
Investment [Line Items]
Investments in funds valued at NAV	900,000		900,000		27,700,000
Private Equity Funds | Significant unobservable inputs (Level 3) | Market Approach Valuation Technique
Investment [Line Items]
Investments, Fair Value Disclosure	45,991,000		45,991,000		$ 47,608,000
Other debt securities | Significant unobservable inputs (Level 3) | Discounted cash flow
Investment [Line Items]
Investments, Fair Value Disclosure	$ 7,268,000		$ 7,268,000

Securities purchased under an56

Securities purchased under an agreement to sell, securities sold under an agreement to repurchase and securities lending transactions (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Minimum
Investment Holdings [Line Items]
Maturity term for reverse repurchase agreements	30 days
Maximum
Investment Holdings [Line Items]
Maturity term for reverse repurchase agreements	90 days
Corporate bonds
Investment Holdings [Line Items]
Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement		$ 310
Overnights and continuous | Corporate bonds
Investment Holdings [Line Items]
Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement		310
Up to 30 days | Corporate bonds
Investment Holdings [Line Items]
Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement		0
30 - 90 days | Corporate bonds
Investment Holdings [Line Items]
Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement		0
Greater than 90 days | Corporate bonds
Investment Holdings [Line Items]
Securities Sold under Agreements to Repurchase, Gross Including Not Subject to Master Netting Arrangement		$ 0

Due from_to brokers (Details)

Due from/to brokers (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Due from brokers
Cash held at brokers		$ 373,476	$ 240,205
Receivable from unsettled trades (1)		14,310	44,386
Due from brokers		387,786	284,591
Due to brokers
Borrowing from prime brokers (2)		580,081	855,576
Payable from unsettled trades		22,149	44,025
Payables to Broker-Dealers and Clearing Organizations		602,230	899,601
Collateral		805,400	726,200
Non-US
Due from brokers
Cash held at brokers		$ 25,200	22,000
Third Point LLC [Member]
Due from brokers
Receivable from unsettled trades (1)	$ 37,600		$ 37,600
Litigation Settlement Interest	$ 5,000

Derivatives - Schedule of listi

Derivatives - Schedule of listing currency, fair value and notional amounts of derivative instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Derivative assets, at fair value	$ 75,781		$ 75,781		$ 27,432
Derivative Assets, Notional Amount	876,612		876,612		1,426,239
Derivative liabilities, at fair value	17,280		17,280		16,050
Derivative Liabilities, Notional Amount	776,562		776,562		1,310,297
Realized Gain (Loss)	6,694	$ (8,947)	21,807	$ (19,965)
Unrealized Gain (Loss)	10,989	4,544	26,280	(1,905)
OTC Option Asset	3,000		3,000		700
OTC Option Liability	6,600		6,600		3,500
Credit Default Swaps - Protection Purchased
Derivative [Line Items]
Derivative assets, at fair value	9,336		9,336		10,905
Derivative Assets, Notional Amount	51,827		51,827		84,327
Derivative liabilities, at fair value	3,196		3,196		3,286
Derivative Liabilities, Notional Amount	57,512		57,512		43,184
Realized Gain (Loss)	2,824	(887)	359	5,520
Unrealized Gain (Loss)	(4,059)	(433)	(4,029)	(5,420)
Commodity Contract | Short Contracts / Sold
Derivative [Line Items]
Realized Gain (Loss)	0	870	0	(281)
Unrealized Gain (Loss)	0	0	0	(52)
Fixed Income Swap | Short Contracts / Sold
Derivative [Line Items]
Realized Gain (Loss)			0	(94)
Unrealized Gain (Loss)			0	0
Credit Default Swaps - Protection Sold
Derivative [Line Items]
Derivative liabilities, at fair value	2,828		2,828		1,952
Derivative Liabilities, Notional Amount	7,031		7,031		3,943
Realized Gain (Loss)	(26)	38	11	(4,129)
Unrealized Gain (Loss)	(288)	(7)	(347)	4,245
Total Return Swaps - Long Contracts
Derivative [Line Items]
Derivative assets, at fair value	24,714		24,714
Derivative Assets, Notional Amount	24,714		24,714
Realized Gain (Loss)	0	0	(29)	0
Unrealized Gain (Loss)	1,506	0	1,469	0
Contracts for Differences | Long Contracts / Purchased
Derivative [Line Items]
Derivative assets, at fair value	23,257		23,257		1,765
Derivative Assets, Notional Amount	178,049		178,049		36,879
Derivative liabilities, at fair value	857		857		0
Derivative Liabilities, Notional Amount	27,511		27,511		67
Realized Gain (Loss)	5,021	1,666	51,946	(756)
Unrealized Gain (Loss)	13,949	791	20,636	412
Contracts for Differences | Short Contracts / Sold
Derivative [Line Items]
Derivative assets, at fair value	1,252		1,252
Derivative Assets, Notional Amount	29,555		29,555
Derivative liabilities, at fair value	632		632		1,106
Derivative Liabilities, Notional Amount	16,022		16,022		11,424
Realized Gain (Loss)	(511)	(3,767)	(4,716)	803
Unrealized Gain (Loss)	(1,219)	(2,166)	1,726	(1,888)
Total Return Swaps | Long Contracts / Purchased
Derivative [Line Items]
Derivative assets, at fair value	13,503		13,503		617
Derivative Assets, Notional Amount	148,591		148,591		19,140
Derivative liabilities, at fair value	559		559		1,675
Derivative Liabilities, Notional Amount	27,433		27,433		26,800
Realized Gain (Loss)	4,655	2,172	8,517	(2,654)
Unrealized Gain (Loss)	5,455	3,174	14,002	3,974
Total Return Swaps | Short Contracts / Sold
Derivative [Line Items]
Derivative assets, at fair value					183
Derivative Assets, Notional Amount					8,696
Derivative liabilities, at fair value	4,852		4,852		1,302
Derivative Liabilities, Notional Amount	72,645		72,645		10,095
Realized Gain (Loss)	(2,732)	(4,392)	(6,475)	(3,701)
Unrealized Gain (Loss)	(4,519)	831	(3,731)	(931)
Interest Rate Swaps
Derivative [Line Items]
Derivative assets, at fair value					2,462
Derivative Assets, Notional Amount					195,571
Derivative liabilities, at fair value					722
Derivative Liabilities, Notional Amount					59,115
Realized Gain (Loss)	(7)	0	(3,104)	0
Unrealized Gain (Loss)	0	0	(1,740)	0
Interest Rate Swaptions
Derivative [Line Items]
Derivative assets, at fair value	1,420		1,420		5,354
Derivative Assets, Notional Amount	93,834		93,834		424,816
Derivative liabilities, at fair value	120		120		1,056
Derivative Liabilities, Notional Amount	64,600		64,600		417,052
Realized Gain (Loss)	0	(244)	522	(356)
Unrealized Gain (Loss)	(512)	216	(2,854)	171
Sovereign Debt Futures | Short Contracts / Sold
Derivative [Line Items]
Derivative assets, at fair value	1,295		1,295		961
Derivative Assets, Notional Amount	155,191		155,191		107,591
Derivative liabilities, at fair value					1,608
Derivative Liabilities, Notional Amount					159,923
Realized Gain (Loss)	(139)	0	(8,795)	0
Unrealized Gain (Loss)	1,284	0	1,942	0
Total Return Swap [Member] | Long Contracts / Purchased
Derivative [Line Items]
Realized Gain (Loss)	0	268
Unrealized Gain (Loss)	0	(261)
Total Return Swap [Member] | Short Contracts / Sold
Derivative [Line Items]
Realized Gain (Loss)	0	(100)
Unrealized Gain (Loss)	0	65
Treasury Futures [Member] | Short Contracts / Sold
Derivative [Line Items]
Realized Gain (Loss)	0	14	0	14
Unrealized Gain (Loss)	0	1,191	0	1,191
Foreign Currency Forward
Derivative [Line Items]
Derivative assets, at fair value	1,004		1,004		653
Derivative Assets, Notional Amount	194,851		194,851		47,754
Derivative liabilities, at fair value	4,236		4,236		2,009
Derivative Liabilities, Notional Amount	503,808		503,808		214,854
Realized Gain (Loss)	(1,863)	(4,110)	(11,898)	(13,014)
Unrealized Gain (Loss)	(609)	2,838	(1,877)	(1,913)
Foreign Currency Options
Derivative [Line Items]
Derivative assets, at fair value					4,532
Derivative Assets, Notional Amount					501,465
Derivative liabilities, at fair value					1,334
Derivative Liabilities, Notional Amount					363,840
Foreign Currency Options | Long Contracts / Purchased
Derivative [Line Items]
Realized Gain (Loss)	(529)	0	(6,716)	(2,040)
Unrealized Gain (Loss)	3	(384)	1,165	(2,001)
Foreign Currency Options | Short Contracts / Sold
Derivative [Line Items]
Realized Gain (Loss)	1	0	2,185	617
Unrealized Gain (Loss)	(2)	(1)	(82)	(183)
Commodity Future
Derivative [Line Items]
Realized Gain (Loss)	0	(475)
Unrealized Gain (Loss)	0	(1,310)
Commodity Future | Long Contracts / Purchased
Derivative [Line Items]
Realized Gain (Loss)			0	106
Unrealized Gain (Loss)			0	490
Embedded derivatives in reinsurance contracts
Derivative [Line Items]
Derivative liabilities, at fair value	180		180		92
Derivative Liabilities, Notional Amount	20,000		20,000		20,000
Realized Gain (Loss)	0	0	0	0
Unrealized Gain (Loss)	0	39	(88)	128
Derivative liabilities (embedded)
Derivative [Line Items]
Derivative liabilities, at fair value	180		180		92
Derivative Liabilities, Notional Amount	20,000		20,000		$ 20,000
Realized Gain (Loss)	0	0	0	0
Unrealized Gain (Loss)	$ 0	$ 39	$ (88)	$ 128

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 6,694	$ (8,947)	$ 21,807	$ (19,965)
OTC Option Asset	3,000		3,000		$ 700
OTC Option Liability	6,600		6,600		3,500
Derivative with Credit Risk Feature, Net	4,300		4,300		6,100
Derivative Instruments with Credit-Risk-Related Contingent Features [Member]
Derivative [Line Items]
Derivative, Collateral, Right to Reclaim Cash	117,700		117,700		$ 48,800
Derivative, Collateral, Obligation to Return Cash	2,800		2,800
Treasury Futures [Member] | Short [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 14	$ 0	$ 14

Derivatives - Schedule of gross

Derivatives - Schedule of gross and net amounts of derivative instruments that are subject to enforceable master netting arrangements or similar agreements (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	$ 75,781	$ 27,432
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	17,280	16,050
Counterparty 15 [Member]
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	410
Financial Instruments	0
Cash Collateral Received	359
Net Amount	51
Financial assets, derivative assets and collateral received
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	23,860
Financial Instruments	19,549
Cash Collateral Received	4,260
Net Amount	51
Counterparty 1
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	3,825
Financial Instruments	1,174
Cash Collateral Received	2,651
Net Amount	0
Counterparty 2
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	300
Financial Instruments	300
Cash Collateral Received	0
Net Amount	0
Counterparty 3
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	5,408
Financial Instruments	5,408
Cash Collateral Received	0
Net Amount	0
Counterparty 4
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	4,290
Financial Instruments	4,290
Cash Collateral Received	0
Net Amount	0
Counterparty 5
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	3,515
Financial Instruments	3,515
Cash Collateral Received	0
Net Amount	0
Counterparty 6
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	8
Financial Instruments	8
Cash Collateral Received	0
Net Amount	0
Counterparty 8
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	3,889
Financial Instruments	3,889
Cash Collateral Received	0
Net Amount	0
Counterparty 9
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)	2,215
Financial Instruments	965
Cash Collateral Received	1,250
Net Amount	0
Financial assets, derivative assets and collateral received
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	78,757	28,112
Financial Instruments	19,549	13,481
Cash Collateral Received	2,806	3,580
Net Amount	56,402	11,051
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		19,578
Financial Instruments		13,481
Cash Collateral Received		5,397
Net Amount		700
Financial assets, derivative assets and collateral received | Counterparty 1
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	1,174	535
Financial Instruments	1,174	535
Cash Collateral Received	0	0
Net Amount	0	0
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		2,959
Financial Instruments		535
Cash Collateral Received		2,424
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 2
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	3,279	3,147
Financial Instruments	300	607
Cash Collateral Received	0	0
Net Amount	2,979	2,540
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		607
Financial Instruments		607
Cash Collateral Received		0
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 3
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	38,429	8,652
Financial Instruments	5,408	4,760
Cash Collateral Received	0	0
Net Amount	33,021	3,892
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		4,760
Financial Instruments		4,760
Cash Collateral Received		0
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 4
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	5,041	1,639
Financial Instruments	4,290	1,639
Cash Collateral Received	0	0
Net Amount	751	0
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		3,827
Financial Instruments		1,639
Cash Collateral Received		2,188
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 5
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	12,275	7,336
Financial Instruments	3,515	3,027
Cash Collateral Received	0	0
Net Amount	8,760	4,309
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		3,027
Financial Instruments		3,027
Cash Collateral Received		0
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 6
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	3,625	6,262
Financial Instruments	8	2,599
Cash Collateral Received	2,806	3,383
Net Amount	811	280
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		2,599
Financial Instruments		2,599
Cash Collateral Received		0
Net Amount		0
Financial assets, derivative assets and collateral received | Counterparty 7
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)		227
Financial Instruments		0
Cash Collateral Received		197
Net Amount		30
Financial assets, derivative assets and collateral received | Counterparty 8
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	13,969	277
Financial Instruments	3,889	277
Cash Collateral Received	0	0
Net Amount	10,080	0
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		977
Financial Instruments		277
Cash Collateral Received		0
Net Amount		700
Financial assets, derivative assets and collateral received | Counterparty 9
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (1)	965	37
Financial Instruments	965	37
Cash Collateral Received	0	0
Net Amount	$ 0	0
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		822
Financial Instruments		37
Cash Collateral Received		785
Net Amount		0
Net investment gains (losses) on securities sold under an agreement to repurchase | Financial assets, derivative assets and collateral received
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		302
Financial Instruments		302
Cash Collateral Received		0
Net Amount		0
Net investment gains (losses) on securities sold under an agreement to repurchase | Counterparty 3
Gross Amounts not Offset in the Condensed Consolidated Balance Sheet
Gross Amount (2)		302
Financial Instruments		302
Cash Collateral Received		0
Net Amount		$ 0

Loss and loss adjustment expe61

Loss and loss adjustment expense reserves - Schedule of loss and loss adjustment expense reserves (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Insurance Loss Reserves [Abstract]
Case loss and loss adjustment expense reserves	$ 118,444	$ 80,370
Incurred but not reported loss and loss adjustment expense reserves	580,151	522,818
Deferred gains on retroactive reinsurance contracts	774	1,941
Loss and loss adjustment expense reserves	$ 699,369	$ 605,129

Loss and loss adjustment expe62

Loss and loss adjustment expense reserves - Schedule of activity in the reserve for losses and loss adjustment expenses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Liability for Unpaid Claims and Claims Adjustment Expense [Roll Forward]
Gross reserves for loss and loss adjustment expenses, beginning of period	$ 605,129	$ 466,047
Less: loss and loss adjustment expenses recoverable, beginning of period	(1)	(125)
Net reserves for loss and loss adjustment expenses, beginning of period	605,128	465,922
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:
Current year	295,379	249,212
Prior years	(23,433)	25,495
Amortization of deferred gains on retroactive reinsurance contracts	(1,397)	(885)
Total incurred loss and loss adjustment expenses	270,549	273,822
Net loss and loss adjustment expenses paid in respect of losses occurring in:
Current year	(47,655)	(58,523)
Prior years	(145,550)	(104,161)
Total net paid losses	(193,205)	(162,684)
Foreign currency translation	15,310	(11,379)
Net reserve for loss and loss adjustment expenses, end of period	605,128	465,922	$ 697,782	$ 565,681
Plus: loss and loss adjustment expenses recoverable, end of period	1,587	1
Gross reserve for loss and loss adjustment expenses, end of period	699,369	565,682
Prior year claim including amortization adjustments	(24,800)	24,600
Prior Year Claims and Claims Adjustment Expense, Increase (Decrease) in Premium Estimates	8,100	(14,800)
Increase in net underwriting loss		12,500
Unfavorable (Favorable) Reserve Development [Member]
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:
Prior years	31,700	15,000
Net loss and loss adjustment expenses paid in respect of losses occurring in:
Change In Policy Acquisition Costs		(2,500)
Increase in net underwriting loss		12,500
Premium Adjustments on Certain Contracts [Member]
Increase (decrease) in net loss and loss adjustment expenses incurred in respect of losses occurring in:
Prior years	6,900	9,600
Net loss and loss adjustment expenses paid in respect of losses occurring in:
Change in Accounting Estimate, Financial Impact		14,800
Change In Policy Acquisition Costs		$ (5,200)
Increase in net underwriting loss	$ (1,200)

Management, performance and f63

Management, performance and founders fees (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 21, 2016
Related Party Transaction [Line Items]
Performance fee payable to related party	$ 73,210		$ 73,210		$ 0
Management and performance fees to related parties	30,548	$ 32,852	103,179	$ 56,492
Net investment income
Related Party Transaction [Line Items]
Management and performance fees to related parties	$ 30,548	32,852	$ 103,179	56,492
TP LLC and Various Third Point Re Founders
Related Party Transaction [Line Items]
Annual investment management fee	1.50%		1.50%			2.00%
Third Point LLC | Net investment income
Related Party Transaction [Line Items]
Management and performance fees to related parties	$ 9,507	1,638	$ 26,751	4,741
Founders | Net investment income
Related Party Transaction [Line Items]
Management and performance fees to related parties	$ 0	9,322	$ 0	26,905
Third Point Advisors LLC
Related Party Transaction [Line Items]
Annual investment performance fee	20.00%		20.00%
Third Point Advisors LLC | Net investment income
Related Party Transaction [Line Items]
Management and performance fees to related parties	$ 21,041	$ 21,892	$ 76,428	$ 24,846	$ 17,300

Deposit contracts (Details)

Deposit contracts (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Deposit Contracts, Liabilities [Roll Forward]
Balance, beginning of period	$ 104,905	$ 83,955
Consideration received	9,143	22,463
Consideration receivable	13,520	0
Net investment expense (income) allocation and change in fair value of embedded derivatives	1,472	(164)
Payments	(2,763)	(915)
Foreign currency translation	214	(434)
Balance, end of period	$ 126,491	$ 104,905

Senior notes payable and lett65

Senior notes payable and letter of credit facilities (Senior notes payable) (Details) - Senior unsecured notes - 7% Senior Unsecured Notes - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Feb. 28, 2015
Debt Instrument [Line Items]
Debt issued	$ 115,000,000		$ 115,000,000
Interest rate	7.00%		7.00%
Debt issuance cost	$ 1,300,000
Debt fair value	$ 121,300,000	$ 103,400,000

Senior notes payable and lett66

Senior notes payable and letter of credit facilities (Letters of credit) (Details) - USD ($)	Aug. 22, 2017	Sep. 30, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Collateral		$ 805,400,000	$ 726,200,000
Restricted cash securing letter of credit facilities
Line of Credit Facility [Line Items]
Facility		425,000,000
Utilized		209,494,000
Collateral		209,494,000
Restricted cash securing letter of credit facilities | Citibank
Line of Credit Facility [Line Items]
Facility		300,000,000
Utilized		139,020,000
Collateral		139,020,000
Restricted cash securing letter of credit facilities | Lloyds Bank
Line of Credit Facility [Line Items]
Termination of Line of Credit	$ 50,000,000
Restricted cash securing letter of credit facilities | Lloyds Bank [Member]
Line of Credit Facility [Line Items]
Facility		125,000,000
Utilized		70,474,000
Collateral		$ 70,474,000

Net investment income (Details)

Net investment income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net Investment Income [Abstract]
Net realized gains on investments and investment derivatives	$ 25,877	$ 20,688	$ 180,382	$ 62,642
Net unrealized gains on investments and investment derivatives	75,666	90,709	203,461	89,470
Net gains (losses) on foreign currencies	7,572	(1,191)	5,419	(2,158)
Dividend and interest income	17,355	15,238	57,062	56,262
Dividends paid on securities sold, not yet purchased	(1,537)	(324)	(3,205)	(1,284)
Other expenses	(4,883)	(4,508)	(15,063)	(14,926)
Net gain (loss) on investment in Kiskadee Fund	(534)	596	(74)	1,078
Net Investment Income before Management and Performance Fees	119,516	121,208	427,982	191,084
Management and performance fees to related parties	(30,548)	(32,852)	(103,179)	(56,492)
Net investment income	$ 88,968	$ 88,356	$ 324,803	$ 134,592

Net investment income - by Type

Net investment income - by Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Schedule of Net Investment Income (Loss) by Asset Type
Other investment expenses	$ (1,477)	$ (1,436)	$ (400)	$ (4,231)
Net investment income (loss) on derivative contracts	17,683	(4,403)	48,087	(21,870)
Net investment income (loss) on cash, including foreign exchange gain (loss)	5,738	(3,279)	(255)	(7,638)
Net investment losses on securities purchased under an agreement to sell and securities sold under and agreement to repurchase	0	(370)	(39)	(1,937)
Withholding taxes reclassified to income tax expense	1,216	974	5,610	4,654
Other Investment Income and Other	23,160	(8,514)	53,003	(31,022)
Investment Income before Management and Performance Fees	119,516	121,208	427,982	191,084
Management and performance fees to related parties	(30,548)	(32,852)	(103,179)	(56,492)
Net investment income	88,968	88,356	324,803	134,592
Net investment income (loss) by asset type
Schedule of Net Investment Income (Loss) by Asset Type
Total net investment income from invested assets	97,557	140,405	382,232	226,619
Net investment income (loss) by asset type | Real estate
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	398	0	398	0
Net investment income (loss) by asset type | Total other investments
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(9,677)	(12,750)	(26,486)	(27,092)
Net investment income (loss) by asset type | Net investment income in funds valued at NAV
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	2,216	1,117	8,939	1,895
Net investment income (loss) by asset type | Options
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(9,343)	(12,440)	(26,409)	(26,934)
Net investment income (loss) by asset type | Rights and warrants
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(16)	(15)	22	(298)
Net investment income (loss) by asset type | Trade claims
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(716)	(295)	(497)	140
Net investment income (loss) by asset type | Equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	83,152	93,131	346,645	108,053
Net investment income (loss) by asset type | Equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	81,778	89,979	343,605	111,485
Net investment income (loss) by asset type | Private common equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(65)	203	(26)	(1,034)
Net investment income (loss) by asset type | Private preferred equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	1,439	2,949	3,066	(2,398)
Net investment income (loss) by asset type | Total debt securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	21,866	58,907	53,134	143,763
Net investment income (loss) by asset type | Asset-backed securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	6,532	11,431	11,665	3,367
Net investment income (loss) by asset type | Bank debt
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	1,277	3,582	7,491	3,933
Net investment income (loss) by asset type | Corporate bonds
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	999	33,160	6,707	96,375
Net investment income (loss) by asset type | U.S. Treasury securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	806	(447)	3,171	6,759
Net investment income (loss) by asset type | Sovereign debt
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	9,835	11,181	21,683	33,329
Net investment income (loss) by asset type | Other debt securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	2,417	0	2,417	0
Net investment income (loss) by liability type | Options
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	4,593	4,488	8,175	8,818
Net investment income (loss) by liability type | Equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(1,201)	(10,683)	(7,253)	(4,513)
Net investment income (loss) by liability type | Equity securities
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	(6,144)	(15,503)	(13,611)	(8,228)
Net investment income (loss) by liability type | Corporate bonds
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	350	333	(1,819)	(4,720)
Net investment income (loss) by liability type | Sovereign debt
Schedule of Net Investment Income (Loss) by Asset Type
Investment Income, gross	$ 0	$ (1)	$ 2	$ (383)

Other expenses (Details)

Other expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Other Income and Expenses [Abstract]
Deposit liabilities investment expense (income)	$ 1,160	$ (1,838)	$ 1,472	$ (507)
Reinsurance contracts investment expense	2,686	2,224	7,292	6,861
Change in fair value of embedded derivatives in deposit and reinsurance contracts	0	(39)	88	(128)
Other expenses	$ 3,846	$ 347	$ 8,852	$ 6,226

Income taxes (Details)

Income taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax [Line Items]
Provision for uncertain tax positions	$ 1,900,000		$ 1,900,000		$ 1,600,000
Income tax expense	3,475,000	$ 2,484,000	14,080,000	$ 5,865,000
Deferred Tax Assets, Gross	0		0		$ 7,900,000
income tax expense - subsidiary [Member]
Income Tax [Line Items]
Income tax expense	2,219,000	1,372,000	8,246,000	1,053,000
Uncertain tax positions [Member]
Income Tax [Line Items]
Income tax expense	40,000	138,000	224,000	158,000
Withholding taxes [Member]
Income Tax [Line Items]
Income tax expense	$ 1,216,000	$ 974,000	$ 5,610,000	$ 4,654,000

Share capital - Common shares a

Share capital - Common shares and treasury shares (Details) - shares	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance, beginning of period	106,501,299	105,479,341
Balance, end of period	107,383,405	106,383,928
Balance, beginning of period	644,768	0
Repurchase of common shares	3,300,152	644,768
Balance, end of period	3,944,920	644,768
Options exercised
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	150,802	388,152
Restricted shares with service condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	36,418	47,712
Performance restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted	694,886	468,723

Share-based compensation - Narr

Share-based compensation - Narrative (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized share compensation expense	$ 7.3	$ 4.6
Unamortized share compensation expense, period of recognition	1 year 7 months 6 days	1 year 5 months
Management and director options
Fair value assumptions
Remaining contractual life	4 years 5 months 4 days	4 years 11 months

Share capital - Authorized and

Share capital - Authorized and issued (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Equity [Abstract]
Authorized share capital	$ 33,000,000	$ 33,000,000
Common share, shares authorized (in shares)	300,000,000	300,000,000	300,000,000
Common share, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Preference shares, shares authorized (in shares)	30,000,000	30,000,000	30,000,000
Preference shares, par value (in dollars per share)	$ 0.10	$ 0.10	$ 0.10
Common share, shares outstanding (in shares)	107,383,405	107,383,405	106,501,299	106,383,928	105,479,341
Preference shares, shares outstanding (in shares)	0	0	0
Stock Repurchased and Retired During Period, Shares	0	3,300,152
Payments for Repurchase of Common Stock	$ 0	$ 40,900,000
Treasury Stock Acquired, Average Cost Per Share	$ 0	$ 12.38

Share-based compensation - Sche

Share-based compensation - Schedule of share-based comp expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share compensation expenses	$ 640	$ 1,894	$ 4,014	$ 6,596
Management and director options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share compensation expenses	94	1,660	553	4,769
Restricted shares with service condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share compensation expenses	196	387	474	979
Restricted shares with service and performance condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share compensation expenses	$ 350	$ (153)	$ 2,987	$ 848

Share capital -Share repurchase

Share capital -Share repurchase (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	May 04, 2016
Share repurchase [Abstract]
Repurchase program, authorized amount			$ 100,000,000
Stock Repurchased and Retired During Period, Shares	0	3,300,152
Payments for Repurchase of Common Stock	$ 0	$ 40,900,000
Treasury Stock Acquired, Average Cost Per Share	$ 0	$ 12.38
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 51,747,060	$ 51,747,060

Share-based compensation - Sc76

Share-based compensation - Schedule of management and director options activity (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Number of options (in shares)
Outstanding (in shares)	9,596,993	10,250,586
Forfeited (in shares)	(558,138)	(139,534)
Exercised (in shares)	(150,802)	(514,059)
Outstanding (in shares)	8,888,053	9,596,993
Weighted average exercise price (in dollars per share)
Outstanding (in dollars per share)	$ 13.64	$ 13.52
Forfeited (in dollars per share)	18	18
Exercised (in dollars per share)	10	10
Outstanding (in dollars per share)	$ 13.43	$ 13.64

Share-based compensation - Sc77

Share-based compensation - Schedule of management and director options outstanding (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding (in shares)	8,888,053	9,596,993	10,250,586
Options outstanding, weighted average exercise price (in dollars per share)	$ 13.43	$ 13.64	$ 13.52
Management and director options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding (in shares)	8,888,053
Options outstanding, weighted average exercise price (in dollars per share)	$ 13.43
Remaining contractual life	4 years 5 months 4 days	4 years 11 months
Options exercisable (in shares)	8,678,752
Options exercisable, weighted average exercise price (in dollars per share)	$ 13.35
Management and director options | $10.00 - $10.89
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	10
Exercise price, upper limit (in dollars per share)	$ 10.89
Options outstanding (in shares)	5,123,532
Options outstanding, weighted average exercise price (in dollars per share)	$ 10.04
Remaining contractual life	4 years 4 months 1 day
Options exercisable (in shares)	5,081,671
Options exercisable, weighted average exercise price (in dollars per share)	$ 10.03
Management and director options | $15.05 - $16.89
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	15.05
Exercise price, upper limit (in dollars per share)	$ 16.89
Options outstanding (in shares)	1,917,145
Options outstanding, weighted average exercise price (in dollars per share)	$ 15.93
Remaining contractual life	4 years 6 months 1 day
Options exercisable (in shares)	1,819,471
Options exercisable, weighted average exercise price (in dollars per share)	$ 15.96
Management and director options | $20.00 - $25.05
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	20
Exercise price, upper limit (in dollars per share)	$ 25.05
Options outstanding (in shares)	1,847,376
Options outstanding, weighted average exercise price (in dollars per share)	$ 20.26
Remaining contractual life	4 years 6 months 1 day
Options exercisable (in shares)	1,777,610
Options exercisable, weighted average exercise price (in dollars per share)	$ 20.17

Share-based compensation - Sc78

Share-based compensation - Schedule of restricted shares with service condition award activity (Details) - Restricted shares with service condition - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Number of non-vested restricted shares (in shares)
Outstanding, beginning of period (in shares)	301,043	301,043
Granted (in shares)	36,418	47,712
Vested (in shares)	(238,719)	(47,712)
Outstanding, end of period (in shares)	98,742	301,043
Weighted average grant data fair value (in dollars per share)
Outstanding (in dollars per share)	$ 11.12	$ 11.12
Granted (in dollars per share)	12.15	11.37
Vested (in dollars per share)	10.30	11.37
Outstanding (in dollars per share)	$ 11.25	$ 11.12

Share-based compensation - Sc79

Share-based compensation - Schedule of restricted shares with service and performance condition (Details) - Restricted shares with service and performance condition - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Number of non-vested restricted shares (in shares)
Outstanding, beginning of period (in shares)	1,381,740	921,553
Granted (in shares)	935,825	653,958
Forfeited (in shares)	(240,939)	(193,771)
Vested (in shares)	(136,618)
Outstanding, end of period (in shares)	1,940,008	1,381,740
Number of non-vested restricted shares probable of vesting
Outstanding, beginning of period (in shares)	577,486	536,234
Granted (in shares)	623,882	435,974
Forfeited (in shares)	0	(119,009)
Vested (in shares)	$ (136,618)
Change in estimated restricted shares considered probably of vesting (in shares)	(102,080)	(275,713)
Outstanding, end of period (in shares)	962,670	577,486
Weighted average grant data fair value (in dollars per share)
Outstanding (in dollars per share)	$ 12.91	$ 14.24
Granted (in dollars per share)	12.17	11.40
Forfeited (in dollars per share)	14.60	13.16
Change in estimated restricted shares considered probable of vesting (in dollars per share)	12.31	13.06
Outstanding (in dollars per share)	12.25	$ 12.91
Vested (in dollars per share)	$ 14.60

Non-controlling interests - Sch

Non-controlling interests - Schedule of Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Balance, beginning of period			$ 35,674
Balance, end of period	$ 5,241		5,241
Redeemable Noncontrolling Interest [Roll Forward]
Balance, beginning of period			0
Balance, end of period	16,813		16,813
Total Noncontrolling Interests [Roll Forward]
Total noncontrolling interests in related party	22,054	$ 18,630	22,054	$ 18,630	$ 35,674	$ 16,157
Net income attributable to total noncontrolling interests in related party	959	967	3,160	1,473
Contributions			3,219	1,000
Redemptions			(19,999)	0
Third Point Re BDA
Total Noncontrolling Interests [Roll Forward]
Total noncontrolling interests in related party	17,727	15,415	17,727	15,415	30,358	14,152
Net income attributable to total noncontrolling interests in related party			2,503	1,263
Contributions			2,865	0
Redemptions			(17,999)	0
Third Point Re USA
Total Noncontrolling Interests [Roll Forward]
Total noncontrolling interests in related party	$ 4,327	$ 3,215	4,327	3,215	5,316	2,005
Net income attributable to total noncontrolling interests in related party			657	210
Contributions			354	1,000
Redemptions			(2,000)	0
Redeemable noncontrolling interests in related party
Redeemable Noncontrolling Interest [Roll Forward]
Balance, beginning of period			0	0
Changes in capital account allocation			16,813	0
Noncontrolling interests in related party
Noncontrolling Interest [Line Items]
Balance, beginning of period			35,674	16,157
Changes in capital account allocation			(30,433)	2,473
Total noncontrolling interests in related party
Total Noncontrolling Interests [Roll Forward]
Total noncontrolling interests in related party					$ 35,674	$ 16,157
Changes in capital account allocation			$ (13,620)	$ 2,473

Non-controlling interests - Nar

Non-controlling interests - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Cayman Holdco [Member]
Noncontrolling Interest [Line Items]
Proceeds from Limited Partnership Investments	$ 39.6	$ 2
Equity method investment, ownership percentage	15.60%		13.80%
Equity method investments, fair value disclosure	$ 0.6		$ 37.6
Third Point Hellenic Recovery US Feeder Fund, L.P. [Member]
Noncontrolling Interest [Line Items]
Proceeds from Limited Partnership Investments	1.3	0
Committed Capital	$ 10.9		$ 10.6
Equity method investment, ownership percentage	2.90%		2.80%
Equity method investments, fair value disclosure	$ 5.2		$ 5.5
TP DR Holdings LLC [Member]
Noncontrolling Interest [Line Items]
Proceeds from Limited Partnership Investments	$ 1.4	$ 0
Equity method investment, ownership percentage	100.00%
Equity method investment, interest in equity	6.80%		7.20%
Equity method investment, interest in debt	13.10%		13.70%
Equity method investments, fair value disclosure	$ 11.7		$ 9.5
Equity Method Investment, Fair Value of Interest in Equity	2.9		0.9
Equity Method Investment, Fair Value of Interest in Debt	$ 8.8		$ 8.6
TP Trading II LLC [Member]
Noncontrolling Interest [Line Items]
Equity method investment, ownership percentage	8.50%
Equity method investments, fair value disclosure	$ 4.7
Asset-backed securities | Cloudbreak II Cayman Ltd
Noncontrolling Interest [Line Items]
Investments in and Advances to Affiliates, at Fair Value	$ 5.5

Earnings (loss)per share (Detai

Earnings (loss)per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Weighted-average number of common shares outstanding:
Basic number of common shares outstanding, net of treasury shares	101,391,145	103,780,196	102,553,346	104,055,946
Dilutive effect of options	1,536,419	940,627	1,162,851	570,580
Dilutive effect of warrants	1,416,696	912,286	1,067,832	682,594
Dilutive effect of restricted shares with service and performance condition	335,314	162,204	256,222	281,548
Diluted number of common shares outstanding	104,679,574	105,795,313	105,040,251	105,590,668
Basic earnings per common share:
Net income available to Third Point Re common shareholders	$ 54,685	$ 72,081	$ 233,449	$ 74,328
Net income allocated to Third Point Re participating common shareholders	(55)	(241)	(256)	(233)
Net income allocated to Third Point Re common shareholders	$ 54,630	$ 71,840	$ 233,193	$ 74,095
Basic earnings per share available to Third Point Re common shareholders	$ 0.54	$ 0.69	$ 2.27	$ 0.71
Earnings per share, diluted [Abstract]
Net income available to Third Point Re common shareholders	$ 54,685	$ 72,081	$ 233,449	$ 74,328
Net income allocated to Third Point Re participating common shareholders	(53)	(237)	250	229
Net income allocated to Third Point Re common shareholders	$ 54,632	$ 71,844	$ 233,199	$ 74,099
Diluted earnings per share available to Third Point Re common shareholders	$ 0.52	$ 0.68	$ 2.22	$ 0.70
Options
Earnings per share, diluted [Abstract]
Antidilutive securities excluded from computation of earnings per share	3,825,188	4,322,659	4,155,013	4,384,788

Related party transactions (Det

Related party transactions (Details) - Investments in securities, commodities, and derivative contracts - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Third Point Loan L.L.C
Related Party Transaction [Line Items]
Estimated fair value of investment	$ 128.4	$ 124.1
Third Point Ventures L.L.C.
Related Party Transaction [Line Items]
Estimated fair value of investment	$ 27.3	$ 22.6

Financial instruments with of84

Financial instruments with off-balance sheet risk or concentrations of credit risk (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Guarantor Obligations [Line Items]
Asset	$ 75,781	$ 27,432
Liability	17,280	16,050
Written credit derivatives
Guarantor Obligations [Line Items]
0-5 years	4,638
5 years or Greater Expiring Through 2046	2,393
Total Written Credit Default Swaps	7,031
Asset	0
Liability	2,828
Net Asset/(Liability)	(2,828)
Written credit derivatives | Single name (0 - 250)
Guarantor Obligations [Line Items]
0-5 years	3,320	0
5 years or Greater Expiring Through 2046	2,393	3,943
Total Written Credit Default Swaps	5,713	3,943
Asset	0	0
Liability	2,760	1,952
Net Asset/(Liability)	(2,760)	(1,952)
Written credit derivatives | Single Name Two [Member]
Guarantor Obligations [Line Items]
0-5 years	1,318
5 years or Greater Expiring Through 2046	0
Total Written Credit Default Swaps	1,318
Asset	0
Liability	68
Net Asset/(Liability)	(68)
Credit risk exposure
Guarantor Obligations [Line Items]
Maximum counterparty credit risk exposure	78,800	28,100
Written put options
Guarantor Obligations [Line Items]
Option contracts maximum payout	346,900	87,500
Written put options | Securities sold, not yet purchased
Guarantor Obligations [Line Items]
Options contracts at fair value	$ 1,400	$ 1,300
Written put options | Minimum
Guarantor Obligations [Line Items]
Option contracts maximum payout term	2 months
Written put options | Maximum
Guarantor Obligations [Line Items]
Option contracts maximum payout term	3 months

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Sep. 30, 2017	Feb. 28, 2015
Other Commitments [Line Items]
Unfunded capital commitments	$ 3,300,000
Senior unsecured notes | 7% Senior Unsecured Notes
Other Commitments [Line Items]
Debt issued	$ 115,000,000	$ 115,000,000
Interest rate	7.00%	7.00%

Segment reporting - Operating S

Segment reporting - Operating Segments (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)segment	Sep. 30, 2016USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment			1
Segment Reporting Information [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross premiums ceded	0	(927)	(2,550)	(2,352)
Net premiums written	174,539	141,646	474,907	534,243
Change in net unearned premium reserves	(68,564)	(13,463)	(57,365)	(136,136)
Net premiums earned	105,975	128,183	417,542	398,107
Loss and loss adjustment expenses incurred, net	77,275	85,015	270,549	273,822
Acquisition costs, net	33,974	45,127	157,067	145,296
General and administrative expenses	13,218	12,354	38,804	33,885
Total expenses	124,467	142,496	466,420	453,003
Net investment income	88,968	88,356	324,803	134,592
Other expenses	(3,846)	(347)	(8,852)	(6,226)
Interest expense	(2,074)	(2,069)	(6,151)	(6,163)
Foreign exchange gains	(5,437)	3,905	(10,233)	14,359
Income tax expense	(3,475)	(2,484)	(14,080)	(5,865)
Net income attributable to noncontrolling interests in related party	(959)	(967)	(3,160)	(1,473)
Net income available to Third Point Re common shareholders	$ 54,685	$ 72,081	$ 233,449	$ 74,328
Gross Premiums As Percentage Of Total Gross Premiums	100.00%	100.00%	100.00%	100.00%
Prospective
Segment Reporting Information [Line Items]
Gross premiums written	$ 172,856	$ 142,573	$ 391,897	$ 536,595
Gross Premiums As Percentage Of Total Gross Premiums	99.00%	100.00%	82.10%	100.00%
Retroactive
Segment Reporting Information [Line Items]
Gross premiums written	$ 1,683	$ 0	$ 85,560	$ 0
Gross Premiums As Percentage Of Total Gross Premiums	1.00%	0.00%	17.90%	0.00%
Corporate
Segment Reporting Information [Line Items]
Gross premiums written	$ 0	$ 0	$ 0	$ 0
Gross premiums ceded	0	0	0	0
Net premiums written	0	0	0	0
Change in net unearned premium reserves	0	0	0	0
Net premiums earned	0	0	0	0
Loss and loss adjustment expenses incurred, net	0	0	0	0
Acquisition costs, net	0	0	0	0
General and administrative expenses	5,927	5,974	15,552	14,358
Total expenses	5,927	5,974	15,552	14,358
Net investment income	62,437	66,325	230,946	101,724
Other expenses	0	0	0	0
Interest expense	(2,074)	(2,069)	(6,151)	(6,163)
Foreign exchange gains	(5,437)	3,905	(10,233)	14,359
Income tax expense	(3,475)	(2,484)	(14,080)	(5,865)
Net income attributable to noncontrolling interests in related party	(959)	(967)	(3,160)	(1,473)
Net income available to Third Point Re common shareholders	44,565	58,736	181,770	88,224
Property and Casualty Reinsurance | Property
Segment Reporting Information [Line Items]
Gross premiums written	$ (3)	$ 56,632	$ (8,818)	$ 63,714
Gross Premiums As Percentage Of Total Gross Premiums	0.00%	39.70%	(1.90%)	11.90%
Property and Casualty Reinsurance | Casualty
Segment Reporting Information [Line Items]
Gross premiums written	$ 161,110	$ 26,640	$ 366,455	$ 187,146
Gross Premiums As Percentage Of Total Gross Premiums	92.30%	18.70%	76.80%	34.90%
Property and Casualty Reinsurance | Specialty
Segment Reporting Information [Line Items]
Gross premiums written	$ 13,432	$ 59,301	$ 119,820	$ 285,735
Gross Premiums As Percentage Of Total Gross Premiums	7.70%	41.60%	25.10%	53.20%
Property and Casualty Reinsurance | Operating Segments
Segment Reporting Information [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross premiums ceded	0	(927)	(2,550)	(2,352)
Net premiums written	174,539	141,646	474,907	534,243
Change in net unearned premium reserves	(68,564)	(13,463)	(57,365)	(136,136)
Net premiums earned	105,975	128,183	417,542	398,107
Loss and loss adjustment expenses incurred, net	77,275	85,015	270,549	273,822
Acquisition costs, net	33,974	45,127	157,067	145,296
General and administrative expenses	7,291	6,380	23,252	19,527
Total expenses	118,540	136,522	450,868	438,645
Net underwriting loss	12,565	8,339	33,326	40,538
Net investment income	26,531	22,031	93,857	32,868
Other expenses	(3,846)	(347)	(8,852)	(6,226)
Interest expense	0	0	0	0
Foreign exchange gains	0	0	0	0
Income tax expense	0	0	0	0
Net income attributable to noncontrolling interests in related party	0	0	0	0
Net income available to Third Point Re common shareholders	$ 10,120	$ 13,345	$ 51,679	$ (13,896)
Loss ratio	72.90%	66.30%	64.80%	68.80%
Acquisition cost ratio	32.10%	35.20%	37.60%	36.50%
Composite ratio	105.00%	101.50%	102.40%	105.30%
General and administrative expense ratio	6.90%	5.00%	5.60%	4.90%
Combined ratio	111.90%	106.50%	108.00%	110.20%

Segment reporting - Concentrati

Segment reporting - Concentration Risk (Details) - Gross Premiums Written	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue, Major Customer [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Contract Concentration Risk
Revenue, Major Customer [Line Items]
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Contract Concentration Risk | Largest contract
Revenue, Major Customer [Line Items]
Concentration risk, percentage	51.10%	42.40%	21.60%	20.90%
Contract Concentration Risk | Second largest contract
Revenue, Major Customer [Line Items]
Concentration risk, percentage	14.90%	26.80%	18.70%	11.30%
Contract Concentration Risk | Third largest contract
Revenue, Major Customer [Line Items]
Concentration risk, percentage		10.10%	12.20%
Contract Concentration Risk | Total for contracts contributing greater than 10% each
Revenue, Major Customer [Line Items]
Concentration risk, percentage	66.00%	79.30%	52.50%	32.20%
Contract Concentration Risk | Total for contracts contributing less than 10% each
Revenue, Major Customer [Line Items]
Concentration risk, percentage	34.00%	20.70%	47.50%	67.80%

Segment reporting - Customer Co

Segment reporting - Customer Concentration (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue, Major Customer [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross Premiums Written
Revenue, Major Customer [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Gross Premiums Written | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Gross Premiums Written | Customer Concentration Risk | Largest broker
Revenue, Major Customer [Line Items]
Gross premiums written	$ 90,341	$ 95,073	$ 134,324	$ 186,737
Concentration risk, percentage	51.80%	66.70%	28.10%	34.80%
Gross Premiums Written | Customer Concentration Risk | Second largest broker
Revenue, Major Customer [Line Items]
Gross premiums written	$ 44,676	$ 27,461	$ 118,618	$ 180,631
Concentration risk, percentage	25.60%	19.30%	24.90%	33.70%
Gross Premiums Written | Customer Concentration Risk | Third largest broker
Revenue, Major Customer [Line Items]
Gross premiums written			$ 107,612	$ 89,756
Concentration risk, percentage			22.50%	16.70%
Gross Premiums Written | Customer Concentration Risk | Other
Revenue, Major Customer [Line Items]
Gross premiums written	$ 39,522	$ 20,039	$ 116,903	$ 79,471
Concentration risk, percentage	22.60%	14.00%	24.50%	14.80%

Segment reporting - Geographic

Segment reporting - Geographic information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue from External Customer [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross Premiums Written
Revenue from External Customer [Line Items]
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Concentration risk, percentage	100.00%	100.00%	100.00%	100.00%
Gross Premiums Written | United States
Revenue from External Customer [Line Items]
Gross premiums written	$ 145,313	$ 123,233	$ 189,082	$ 290,971
Concentration risk, percentage	83.30%	86.40%	39.60%	54.20%
Gross Premiums Written | United Kingdom
Revenue from External Customer [Line Items]
Gross premiums written	$ 948	$ 802	$ 201,542	$ 180,546
Concentration risk, percentage	0.50%	0.60%	42.20%	33.70%
Gross Premiums Written | Bermuda
Revenue from External Customer [Line Items]
Gross premiums written	$ 8,278	$ 18,538	$ 62,353	$ 65,078
Concentration risk, percentage	4.70%	13.00%	13.10%	12.10%
Gross Premiums Written | Other Geographical Location [Member]
Revenue from External Customer [Line Items]
Gross premiums written	$ 20,000	$ 0	$ 24,480	$ 0
Concentration risk, percentage	11.50%	0.00%	5.10%	0.00%

Supplemental Guarantor Inform90

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	$ 2,017,463,000	$ 1,506,854,000
Debt securities	656,118,000	1,057,957,000
Other investments, at fair value	30,932,000	82,701,000
Total investments in securities	2,704,513,000	2,647,512,000
Cash and cash equivalents	6,434,000	9,951,000	$ 20,982,000	$ 20,407,000
Restricted cash and cash equivalents	477,362,000	298,940,000
Investment in subsidiaries	0	0
Due from brokers	387,786,000	284,591,000
Derivative assets, at fair value	75,781,000	27,432,000
Interest and dividends receivable	4,210,000	6,505,000
Reinsurance balances receivable	478,206,000	381,951,000
Deferred acquisition costs, net	223,091,000	221,618,000
Amounts due from (to) affiliates	0	0
Other assets	11,464,000	17,144,000
Total assets	4,368,847,000	3,895,644,000
Liabilities
Accounts payable and accrued expenses	24,580,000	10,321,000
Reinsurance balances payable	54,654,000	43,171,000
Deposit liabilities	126,491,000	104,905,000		83,955,000
Unearned premium reserves	615,375,000	557,076,000
Loss and loss adjustment expense reserves	699,369,000	605,129,000
Securities sold, not yet purchased, at fair value	405,845,000	92,668,000
Due to brokers	602,230,000	899,601,000
Derivative liabilities, at fair value	17,280,000	16,050,000
Due to Related Parties	(73,210,000)	0
Interest and dividends payable	1,917,000	3,443,000
Senior notes payable, net of deferred costs	113,688,000	113,555,000
Total liabilities	2,734,639,000	2,445,919,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16,813,000	0
Shareholders’ equity
Common shares	10,738,000	10,650,000
Treasury Stock, Value	(48,253,000)	(7,389,000)
Additional paid-in capital	1,099,998,000	1,094,568,000
Retained earnings	549,671,000	316,222,000
Shareholders’ equity attributable to Third Point Re common shareholders	1,612,154,000	1,414,051,000	1,457,139,000
Noncontrolling interests in related party	5,241,000	35,674,000
Total shareholders’ equity	1,617,395,000	1,449,725,000	1,475,769,000
Total liabilities, noncontrolling interests and shareholders' equity	4,368,847,000	3,895,644,000
Deferred Tax Assets, Gross	0	7,900,000
Eliminations
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	0	0
Debt securities	0	0
Other investments, at fair value	0	0
Total investments in securities	0	0
Cash and cash equivalents	0	0	0	0
Restricted cash and cash equivalents	0	0
Investment in subsidiaries	(2,056,132,000)	(1,848,024,000)
Due from brokers	0	0
Derivative assets, at fair value	0	0
Interest and dividends receivable	0	0
Reinsurance balances receivable	0	0
Deferred acquisition costs, net	0	0
Amounts due from (to) affiliates	0	0
Other assets	0	0
Total assets	(2,056,132,000)	(1,848,024,000)
Liabilities
Accounts payable and accrued expenses	0	0
Reinsurance balances payable	0	0
Deposit liabilities	0	0
Unearned premium reserves	0	0
Loss and loss adjustment expense reserves	0	0
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Derivative liabilities, at fair value	0	0
Due to Related Parties	0
Interest and dividends payable	0	0
Senior notes payable, net of deferred costs	0	0
Total liabilities	0	0
Redeemable Noncontrolling Interest, Equity, Carrying Amount	0
Shareholders’ equity
Common shares	(1,250,000)	(1,250,000)
Treasury Stock, Value	0	0
Additional paid-in capital	(1,699,361,000)	(1,694,283,000)
Retained earnings	(355,521,000)	(152,491,000)
Shareholders’ equity attributable to Third Point Re common shareholders	(2,056,132,000)	(1,848,024,000)
Noncontrolling interests in related party	0	0
Total shareholders’ equity	(2,056,132,000)	(1,848,024,000)
Total liabilities, noncontrolling interests and shareholders' equity	(2,056,132,000)	(1,848,024,000)
Parent Guarantor | Reportable Legal Entities
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	0	0
Debt securities	0	0
Other investments, at fair value	0	0
Total investments in securities	0	0
Cash and cash equivalents	0	1,629,000	1,565,000	308,000
Restricted cash and cash equivalents	0	0
Investment in subsidiaries	1,613,968,000	1,413,078,000
Due from brokers	0	0
Derivative assets, at fair value	0	0
Interest and dividends receivable	0	0
Reinsurance balances receivable	0	0
Deferred acquisition costs, net	0	0
Amounts due from (to) affiliates	(1,493,000)	(142,000)
Other assets	734,000	637,000
Total assets	1,613,209,000	1,415,202,000
Liabilities
Accounts payable and accrued expenses	1,055,000	1,151,000
Reinsurance balances payable	0	0
Deposit liabilities	0	0
Unearned premium reserves	0	0
Loss and loss adjustment expense reserves	0	0
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Derivative liabilities, at fair value	0	0
Due to Related Parties	0
Interest and dividends payable	0	0
Senior notes payable, net of deferred costs	0	0
Total liabilities	1,055,000	1,151,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	0
Shareholders’ equity
Common shares	10,738,000	10,650,000
Treasury Stock, Value	(48,253,000)	(7,389,000)
Additional paid-in capital	1,099,998,000	1,094,568,000
Retained earnings	549,671,000	316,222,000
Shareholders’ equity attributable to Third Point Re common shareholders	1,612,154,000	1,414,051,000
Noncontrolling interests in related party	0	0
Total shareholders’ equity	1,612,154,000	1,414,051,000
Total liabilities, noncontrolling interests and shareholders' equity	1,613,209,000	1,415,202,000
Subsidiary Issuer [Member] | Reportable Legal Entities
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	0	0
Debt securities	0	0
Other investments, at fair value	0	0
Total investments in securities	0	0
Cash and cash equivalents	200,000	79,000	0	5,000
Restricted cash and cash equivalents	0	0
Investment in subsidiaries	276,251,000	269,622,000
Due from brokers	0	0
Derivative assets, at fair value	0	0
Interest and dividends receivable	0	0
Reinsurance balances receivable	0	0
Deferred acquisition costs, net	0	0
Amounts due from (to) affiliates	(3,588,000)	(8,394,000)
Other assets	0	5,507,000
Total assets	272,863,000	266,814,000
Liabilities
Accounts payable and accrued expenses	(7,920,000)	40,000
Reinsurance balances payable	0	0
Deposit liabilities	0	0
Unearned premium reserves	0	0
Loss and loss adjustment expense reserves	0	0
Securities sold, not yet purchased, at fair value	0	0
Due to brokers	0	0
Derivative liabilities, at fair value	0	0
Due to Related Parties	0
Interest and dividends payable	1,026,000	3,057,000
Senior notes payable, net of deferred costs	113,688,000	113,555,000
Total liabilities	106,794,000	116,652,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	0
Shareholders’ equity
Common shares	0	0
Treasury Stock, Value	0	0
Additional paid-in capital	166,080,000	165,456,000
Retained earnings	(11,000)	(15,294,000)
Shareholders’ equity attributable to Third Point Re common shareholders	166,069,000	150,162,000
Noncontrolling interests in related party	0	0
Total shareholders’ equity	166,069,000	150,162,000
Total liabilities, noncontrolling interests and shareholders' equity	272,863,000	266,814,000
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities
Assets
Equity securities, trading, at fair value (cost - $1,676,001; 2016 - $1,385,866)	2,017,463,000	1,506,854,000
Debt securities	656,118,000	1,057,957,000
Other investments, at fair value	30,932,000	82,701,000
Total investments in securities	2,704,513,000	2,647,512,000
Cash and cash equivalents	6,234,000	8,243,000	$ 19,417,000	$ 20,094,000
Restricted cash and cash equivalents	477,362,000	298,940,000
Investment in subsidiaries	165,913,000	165,324,000
Due from brokers	387,786,000	284,591,000
Derivative assets, at fair value	75,781,000	27,432,000
Interest and dividends receivable	4,210,000	6,505,000
Reinsurance balances receivable	478,206,000	381,951,000
Deferred acquisition costs, net	223,091,000	221,618,000
Amounts due from (to) affiliates	5,081,000	8,536,000
Other assets	10,730,000	11,000,000
Total assets	4,538,907,000	4,061,652,000
Liabilities
Accounts payable and accrued expenses	31,445,000	9,130,000
Reinsurance balances payable	54,654,000	43,171,000
Deposit liabilities	126,491,000	104,905,000
Unearned premium reserves	615,375,000	557,076,000
Loss and loss adjustment expense reserves	699,369,000	605,129,000
Securities sold, not yet purchased, at fair value	405,845,000	92,668,000
Due to brokers	602,230,000	899,601,000
Derivative liabilities, at fair value	17,280,000	16,050,000
Due to Related Parties	(73,210,000)
Interest and dividends payable	891,000	386,000
Senior notes payable, net of deferred costs	0	0
Total liabilities	2,626,790,000	2,328,116,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16,813,000
Shareholders’ equity
Common shares	1,250,000	1,250,000
Treasury Stock, Value	0	0
Additional paid-in capital	1,533,281,000	1,528,827,000
Retained earnings	355,532,000	167,785,000
Shareholders’ equity attributable to Third Point Re common shareholders	1,890,063,000	1,697,862,000
Noncontrolling interests in related party	5,241,000	35,674,000
Total shareholders’ equity	1,895,304,000	1,733,536,000
Total liabilities, noncontrolling interests and shareholders' equity	4,538,907,000	$ 4,061,652,000
Financial Guarantee | Subsidiary Issuer [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Debt obligation	115,000,000
Third Point USA Holdco [Member]
Shareholders’ equity
Deferred Tax Assets, Gross	7,900,000
Third Point Re USA
Shareholders’ equity
Deferred Tax Liabilities, Gross	$ 8,000,000

Supplemental Guarantor Inform91

Supplemental Guarantor Information - Condensed Consolidating Statement of Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Gross premiums written	$ 174,539	$ 142,573	$ 477,457	$ 536,595
Gross premiums ceded	0	(927)	(2,550)	(2,352)
Net premiums written	174,539	141,646	474,907	534,243
Change in net unearned premium reserves	(68,564)	(13,463)	(57,365)	(136,136)
Net premiums earned	105,975	128,183	417,542	398,107
Net investment income	88,968	88,356	324,803	134,592
Equity in earnings (losses) of subsidiaries	0	0	0	0
Total revenues	194,943	216,539	742,345	532,699
Expenses
Loss and loss adjustment expenses incurred, net	77,275	85,015	270,549	273,822
Acquisition costs, net	33,974	45,127	157,067	145,296
General and administrative expenses	13,218	12,354	38,804	33,885
Other expenses	3,846	347	8,852	6,226
Interest expense	2,074	2,069	6,151	6,163
Foreign exchange gain (loss)	5,437	(3,905)	10,233	(14,359)
Total expenses	135,824	141,007	491,656	451,033
Income before income tax expense	59,119	75,532	250,689	81,666
Income tax expense	(3,475)	(2,484)	(14,080)	(5,865)
Net income	55,644	73,048	236,609	75,801
Net income attributable to noncontrolling interests in related party	(959)	(967)	(3,160)	(1,473)
Net income available to Third Point Re common shareholders	54,685	72,081	233,449	74,328
Eliminations
Revenues
Gross premiums written	0	0	0	0
Gross premiums ceded	0	0	0	0
Net premiums written	0	0	0	0
Change in net unearned premium reserves	0	0	0	0
Net premiums earned	0	0	0	0
Net investment income	0	0	0	0
Equity in earnings (losses) of subsidiaries	(61,290)	(77,149)	(256,330)	(83,766)
Total revenues	(61,290)	(77,149)	(256,330)	(83,766)
Expenses
Loss and loss adjustment expenses incurred, net	0	0	0	0
Acquisition costs, net	0	0	0	0
General and administrative expenses	0	0	0	0
Other expenses	0	0	0	0
Interest expense	0	0	0	0
Foreign exchange gain (loss)	0	0	0	0
Total expenses	0	0	0	0
Income before income tax expense	(61,290)	(77,149)	(256,330)	(83,766)
Income tax expense	0	0	0	0
Net income	(61,290)	(77,149)	(256,330)	(83,766)
Net income attributable to noncontrolling interests in related party	0	0	0	0
Net income available to Third Point Re common shareholders	(61,290)	(77,149)	(256,330)	(83,766)
Parent Guarantor | Reportable Legal Entities
Revenues
Gross premiums written	0	0	0	0
Gross premiums ceded	0	0	0	0
Net premiums written	0	0	0	0
Change in net unearned premium reserves	0	0	0	0
Net premiums earned	0	0	0	0
Net investment income	0	0	0	0
Equity in earnings (losses) of subsidiaries	55,847	73,268	237,060	77,829
Total revenues	55,847	73,268	237,060	77,829
Expenses
Loss and loss adjustment expenses incurred, net	0	0	0	0
Acquisition costs, net	0	0	0	0
General and administrative expenses	1,162	1,187	3,611	3,501
Other expenses	0	0	0	0
Interest expense	0	0	0	0
Foreign exchange gain (loss)	0	0	0	0
Total expenses	1,162	1,187	3,611	3,501
Income before income tax expense	54,685	72,081	233,449	74,328
Income tax expense	0	0	0	0
Net income	54,685	72,081	233,449	74,328
Net income attributable to noncontrolling interests in related party	0	0	0	0
Net income available to Third Point Re common shareholders	54,685	72,081	233,449	74,328
Issuer of Debt | Reportable Legal Entities
Revenues
Gross premiums written	0	0	0	0
Gross premiums ceded	0	0	0	0
Net premiums written	0	0	0	0
Change in net unearned premium reserves	0	0	0	0
Net premiums earned	0	0	0	0
Net investment income	0	0	0	0
Equity in earnings (losses) of subsidiaries	5,473	3,916	19,305	6,015
Total revenues	5,473	3,916	19,305	6,015
Expenses
Loss and loss adjustment expenses incurred, net	0	0	0	0
Acquisition costs, net	0	0	0	0
General and administrative expenses	17	11	37	41
Other expenses	0	0	0	0
Interest expense	2,074	2,069	6,151	6,163
Foreign exchange gain (loss)	0	0	0	0
Total expenses	2,091	2,080	6,188	6,204
Income before income tax expense	3,382	1,836	13,117	(189)
Income tax expense	732	728	2,166	2,171
Net income	4,114	2,564	15,283	1,982
Net income attributable to noncontrolling interests in related party	0	0	0	0
Net income available to Third Point Re common shareholders	4,114	2,564	15,283	1,982
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities
Revenues
Gross premiums written	174,539	142,573	477,457	536,595
Gross premiums ceded	0	(927)	(2,550)	(2,352)
Net premiums written	174,539	141,646	474,907	534,243
Change in net unearned premium reserves	(68,564)	(13,463)	(57,365)	(136,136)
Net premiums earned	105,975	128,183	417,542	398,107
Net investment income	88,968	88,356	324,803	134,592
Equity in earnings (losses) of subsidiaries	(30)	(35)	(35)	(78)
Total revenues	194,913	216,504	742,310	532,621
Expenses
Loss and loss adjustment expenses incurred, net	77,275	85,015	270,549	273,822
Acquisition costs, net	33,974	45,127	157,067	145,296
General and administrative expenses	12,039	11,156	35,156	30,343
Other expenses	3,846	347	8,852	6,226
Interest expense	0	0	0	0
Foreign exchange gain (loss)	5,437	(3,905)	10,233	(14,359)
Total expenses	132,571	137,740	481,857	441,328
Income before income tax expense	62,342	78,764	260,453	91,293
Income tax expense	(4,207)	(3,212)	(16,246)	(8,036)
Net income	58,135	75,552	244,207	83,257
Net income attributable to noncontrolling interests in related party	(959)	(967)	(3,160)	(1,473)
Net income available to Third Point Re common shareholders	$ 57,176	$ 74,585	$ 241,047	$ 81,784

Supplemental Guarantor Inform92

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Operating activities
Net income	$ 55,644	$ 73,048	$ 236,609	$ 75,801
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			0	0
Share compensation expense			4,014	6,596
Net interest (income) expense on deposit liabilities			1,472	(507)
Net unrealized gain on investments and derivatives			(203,299)	(90,675)
Net realized gain on investments and derivatives			(180,382)	(62,316)
Foreign exchange gain (loss)	5,437	(3,905)	10,233	(14,359)
Amortization of premium and accretion of discount, net			(452)	4,954
Changes in assets and liabilities:
Reinsurance balances receivable			(77,444)	(145,593)
Deferred acquisition costs, net			(1,473)	(58,286)
Other assets			5,698	(4,960)
Interest and dividends receivable, net			769	(3,697)
Unearned premium reserves			58,299	137,270
Loss and loss adjustment expense reserves			(78,931)	(111,014)
Accounts payable and accrued expenses			14,173	1,518
Reinsurance balances payable			11,462	24,013
Performance fees payable to related party			73,210	24,846
Increase (Decrease) in Due to Affiliates			0	0
Net cash provided by operating activities			31,820	5,619
Investing activities
Purchases of investments			(2,238,167)	(2,803,862)
Proceeds from sales of investments			2,536,688	2,533,656
Purchases of investments to cover short sales			(440,242)	(978,039)
Proceeds from short sales of investments			735,132	854,689
Change in due to/from brokers, net			(400,566)	362,695
Increase in securities sold under an agreement to repurchase			0	46,936
Change in restricted cash and cash equivalents			(178,422)	(34,536)
Contributed capital to subsidiaries				0
Contributed capital from parent and/or subsidiaries				0
Net cash provided by (used in) investing activities			14,423	(18,461)
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs			1,504	3,878
Purchases of Third Point Re common shares under share repurchase program			(40,864)	(7,389)
Increase in deposit liabilities, net			6,380	15,928
Change in total noncontrolling interests in related party, net			(16,780)	1,000
Dividend received by (paid to) parent			0	0
Net cash provided by (used in) financing activities			(49,760)	13,417
Net increase (decrease) in cash and cash equivalents			(3,517)	575
Cash and cash equivalents at beginning of period			9,951	20,407
Cash and cash equivalents at end of period	6,434	20,982	6,434	20,982
Eliminations
Operating activities
Net income	(61,290)	(77,149)	(256,330)	(83,766)
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			256,330	83,766
Share compensation expense			0	0
Net interest (income) expense on deposit liabilities			0	0
Net unrealized gain on investments and derivatives			0	0
Net realized gain on investments and derivatives			0	0
Foreign exchange gain (loss)	0	0	0	0
Amortization of premium and accretion of discount, net			0	0
Changes in assets and liabilities:
Reinsurance balances receivable			0	0
Deferred acquisition costs, net			0	0
Other assets			0	0
Interest and dividends receivable, net			0	0
Unearned premium reserves			0	0
Loss and loss adjustment expense reserves			0	0
Accounts payable and accrued expenses			0	0
Reinsurance balances payable			0	0
Performance fees payable to related party			0	0
Increase (Decrease) in Due to Affiliates			0	0
Net cash provided by operating activities			0	0
Investing activities
Purchases of investments			0	0
Proceeds from sales of investments			0	0
Purchases of investments to cover short sales			0	0
Proceeds from short sales of investments			0	0
Change in due to/from brokers, net			0	0
Increase in securities sold under an agreement to repurchase				0
Change in restricted cash and cash equivalents			0	0
Contributed capital to subsidiaries				0
Contributed capital from parent and/or subsidiaries				0
Net cash provided by (used in) investing activities			0	0
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs			0	0
Purchases of Third Point Re common shares under share repurchase program			0	0
Increase in deposit liabilities, net			0	0
Change in total noncontrolling interests in related party, net			0	0
Dividend received by (paid to) parent			0	0
Net cash provided by (used in) financing activities			0	0
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents at beginning of period			0	0
Cash and cash equivalents at end of period	0	0	0	0
Parent Company [Member] | Reportable Legal Entities
Operating activities
Net income	54,685	72,081	233,449	74,328
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			(237,060)	(77,829)
Share compensation expense			184	362
Net interest (income) expense on deposit liabilities			0	0
Net unrealized gain on investments and derivatives			0	0
Net realized gain on investments and derivatives			0	0
Foreign exchange gain (loss)	0	0	0	0
Amortization of premium and accretion of discount, net			0	0
Changes in assets and liabilities:
Reinsurance balances receivable			0	0
Deferred acquisition costs, net			0	0
Other assets			(97)	(187)
Interest and dividends receivable, net			0	0
Unearned premium reserves			0	0
Loss and loss adjustment expense reserves			0	0
Accounts payable and accrued expenses			(96)	(1,561)
Reinsurance balances payable			0	0
Performance fees payable to related party			0	0
Increase (Decrease) in Due to Affiliates			1,351	(345)
Net cash provided by operating activities			(2,269)	(5,232)
Investing activities
Purchases of investments			0	0
Proceeds from sales of investments			0	0
Purchases of investments to cover short sales			0	0
Proceeds from short sales of investments			0	0
Change in due to/from brokers, net			0	0
Increase in securities sold under an agreement to repurchase				0
Change in restricted cash and cash equivalents			0	0
Contributed capital to subsidiaries				(5,000)
Contributed capital from parent and/or subsidiaries				0
Net cash provided by (used in) investing activities			0	(5,000)
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs			1,504	3,878
Purchases of Third Point Re common shares under share repurchase program			(40,864)	(7,389)
Increase in deposit liabilities, net			0	0
Change in total noncontrolling interests in related party, net			0	0
Dividend received by (paid to) parent			40,000	15,000
Net cash provided by (used in) financing activities			640	11,489
Net increase (decrease) in cash and cash equivalents			(1,629)	1,257
Cash and cash equivalents at beginning of period			1,629	308
Cash and cash equivalents at end of period	0	1,565	0	1,565
Subsidiary Issuer [Member] | Reportable Legal Entities
Operating activities
Net income	4,114	2,564	15,283	1,982
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			(19,305)	(6,015)
Share compensation expense			0	0
Net interest (income) expense on deposit liabilities			0	0
Net unrealized gain on investments and derivatives			0	0
Net realized gain on investments and derivatives			0	0
Foreign exchange gain (loss)	0	0	0	0
Amortization of premium and accretion of discount, net			133	133
Changes in assets and liabilities:
Reinsurance balances receivable			0	0
Deferred acquisition costs, net			0	0
Other assets			5,507	(2,171)
Interest and dividends receivable, net			(2,031)	(2,021)
Unearned premium reserves			0	0
Loss and loss adjustment expense reserves			0	0
Accounts payable and accrued expenses			(7,960)	20
Reinsurance balances payable			0	0
Performance fees payable to related party			0	0
Increase (Decrease) in Due to Affiliates			(4,806)	8,067
Net cash provided by operating activities			(13,179)	(5)
Investing activities
Purchases of investments			0	0
Proceeds from sales of investments			0	0
Purchases of investments to cover short sales			0	0
Proceeds from short sales of investments			0	0
Change in due to/from brokers, net			0	0
Increase in securities sold under an agreement to repurchase				0
Change in restricted cash and cash equivalents			0	0
Contributed capital to subsidiaries				5,000
Contributed capital from parent and/or subsidiaries				(5,000)
Net cash provided by (used in) investing activities			0	0
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs			0	0
Purchases of Third Point Re common shares under share repurchase program			0	0
Increase in deposit liabilities, net			0	0
Change in total noncontrolling interests in related party, net			0	0
Dividend received by (paid to) parent			13,300	0
Net cash provided by (used in) financing activities			13,300	0
Net increase (decrease) in cash and cash equivalents			121	(5)
Cash and cash equivalents at beginning of period			79	5
Cash and cash equivalents at end of period	200	0	200	0
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities
Operating activities
Net income	58,135	75,552	244,207	83,257
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			35	78
Share compensation expense			3,830	6,234
Net interest (income) expense on deposit liabilities			1,472	(507)
Net unrealized gain on investments and derivatives			(203,299)	(90,675)
Net realized gain on investments and derivatives			(180,382)	(62,316)
Foreign exchange gain (loss)	5,437	(3,905)	10,233	(14,359)
Amortization of premium and accretion of discount, net			(585)	4,821
Changes in assets and liabilities:
Reinsurance balances receivable			(77,444)	(145,593)
Deferred acquisition costs, net			(1,473)	(58,286)
Other assets			288	(2,602)
Interest and dividends receivable, net			2,800	(1,676)
Unearned premium reserves			58,299	137,270
Loss and loss adjustment expense reserves			(78,931)	(111,014)
Accounts payable and accrued expenses			22,229	3,059
Reinsurance balances payable			11,462	24,013
Performance fees payable to related party			73,210	24,846
Increase (Decrease) in Due to Affiliates			3,455	(7,722)
Net cash provided by operating activities			47,268	10,856
Investing activities
Purchases of investments			(2,238,167)	(2,803,862)
Proceeds from sales of investments			2,536,688	2,533,656
Purchases of investments to cover short sales			(440,242)	(978,039)
Proceeds from short sales of investments			735,132	854,689
Change in due to/from brokers, net			(400,566)	362,695
Increase in securities sold under an agreement to repurchase				46,936
Change in restricted cash and cash equivalents			(178,422)	(34,536)
Contributed capital to subsidiaries				0
Contributed capital from parent and/or subsidiaries				5,000
Net cash provided by (used in) investing activities			14,423	(13,461)
Financing activities
Proceeds from issuance of Third Point Re common shares, net of costs			0	0
Purchases of Third Point Re common shares under share repurchase program			0	0
Increase in deposit liabilities, net			6,380	15,928
Change in total noncontrolling interests in related party, net			(16,780)	1,000
Dividend received by (paid to) parent			(53,300)	(15,000)
Net cash provided by (used in) financing activities			(63,700)	1,928
Net increase (decrease) in cash and cash equivalents			(2,009)	(677)
Cash and cash equivalents at beginning of period			8,243	20,094
Cash and cash equivalents at end of period	$ 6,234	$ 19,417	$ 6,234	$ 19,417