AMENDMENT No. 3 TO EMPLOYMENT AGREEMENT

THIS AMENDMENT No. 3 TO EMPLOYMENT AGREEMENT (“Amendment No. 3”), is entered into as of March 1, 2017 (the “Effective Date”), by and between Third Point Reinsurance Ltd., a Bermuda company (the “Company”), and Manoj K. Gupta (the “Executive”).

WHEREAS, the Company and the Executive entered into a certain Employment Agreement dated as of March 27, 2012, an Amendment No. 1 to Employment Agreement dated as of February 26, 2015, and an Amendment No. 2 to Employment Agreement dated as of April 1, 2016, (collectively, the “Employment Agreement”); and

WHEREAS, the Executive entered into a Secondment arrangement with the Company providing that he would be seconded to the Company’s subsidiary, Third Point Reinsurance (USA) Ltd. (“TPRe USA”) with effect from April 1, 2016; and

WHEREAS, the parties intend that the employment of the Executive shall be redirected with effect on the Effective Date to TPRe USA; and

WHEREAS, in consideration of the mutual agreements set forth below and for other good and valuable consideration given, by each party to this Amendment No. 3 to the other, the receipt and sufficiency of which are hereby acknowledged, the Company and Executive agree to amend the Employment Agreement on the terms set forth below.

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:

(c)Duties. During the Employment Term and from and after the Effective Date, the Executive shall serve as Executive Vice President, Underwriting, of TPRe USA. In addition, the Executive shall serve as the Company’s Head of Investor Relations and Business Development, in such capacity reporting to the Chief Executive Officer of the Company. In each function, the Executive shall perform such duties, services, and responsibilities on behalf of TPRe USA and the Company, respectively, consistent with such positions as may be reasonably assigned to the Executive from time to time.

(c)    Place of Employment. During the Employment Term, the Executive shall perform his services hereunder in, and shall be headquartered at, the principal offices of the Company in New Jersey, USA, except for business travel related to business and activities of the Company.