Exhibit 10.32.2

AMENDMENT No. 2 TO EMPLOYMENT AGREEMENT
THIS AMENDMENT No. 2 TO EMPLOYMENT AGREEMENT (“Amendment No. 2”), is entered
into as of April 1, 2016, 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 and an Amendment No. 1 to Employment
Agreement dated as of February 26, 2015 (the “Employment Agreement”); 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. 2 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:
1.
Section 2(a) of the Employment Agreement shall be amended to read in its
entirety as follows:

“2. Extent of Employment.
(a)Duties. During the Employment Term and from and after April 1, 2016, the
Executive shall serve as the Company’s Head of Investor Relations and Business
Development (reporting to the President and Chief Operating Officer of the
Company), In his capacity as the Company’s Head of Investor Relations and
Business Development, the Executive shall perform such duties, services, and
responsibilities on behalf of the Company consistent with such positions as may
be reasonably assigned to the Executive from time to time. In addition, the
Executive shall provide certain underwriting advisory services to Third Point
Reinsurance (USA) Ltd. (TPRe USA) pursuant to his secondment to TPRe USA.”
2.
The parties hereto agree that except as specifically set forth in this Amendment
No. 1, each and every provision of the Employment Agreement shall remain in full
force and effect as set forth therein.

[Signature Page Follows]

 

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Exhibit 10.32.2

IN WITNESS WHEREOF, the Company has caused this Amendment No. 2 to be executed,
and the Executive has hereunto set his hand, in each case effective as of the
day and year first above written.
THIRD POINT REINSURANCE LTD.
/s/ J. Robert Bredahl
By: _____________________________________
    Name: _______________________________
    Title: ________________________________

/s/ Janice R. Weidenborner
By: _____________________________________
Name: _______________________________
Title: ________________________________

EXECUTIVE

/s/ Manoj K. Gupta
________________________________________
Manoj K. Gupta

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