Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why Third Point Reinsurance Is Soaring Today

TheMotleyFool

0 0

Here's Why Third Point Reinsurance Is Soaring Today

Bermuda-based reinsurer Third Point Reinsurance (NYSE: TPRE) will be added to the S&P SmallCap 600 index on September 26, 2017, replacing food producer Sanderson Farms. Sanderson Farms is going to be added to the S&P MidCap 400 index, where it will be replacing Cabela's after the acquisition of the latter by Bass Pro Shops is completed.

As a result of the announcement, Third Point Reinsurance popped as much as 12%, and it's up more than 9% as of this writing, at 11 a.m. on the day the index-shuffling moves were announced.

Image source: Getty Images.

Source: Fool.com