Dan Loeb, the famous investor at the head of Third Point LLC is currently working with bankers from Morgan Stanley, Credit Suisse AG and JPMorgan Chase & Co. (NYSE:JPM) to organize a public debut for Third Point Re, the re-insurance arm of the hedge fund. The news was originally reported by Jessica Toonkel and Olivia Oran of Reuters. Third Point launched its re-insurance arm last year with $750 million in capital. The firm Third Point Re is based in Bermuda, and the Reuters report suggests that it will be spun off in an IPO later in 2013. The IPO is set…
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