Shane Hayerstick and Tony Urban have submitted their resignations to Third Party Re. Urban served at executive vice president and chief underwriting officer having joined the company at its launch in 2011. Hayerstick and Urban moved to the new US operation in 2015, relocating from Bermuda. Urban and Hayerstick joined the company from JRG Reinsurance where they worked alongside one another as CEO and COO respectively. Urban was part of JRG from its inception in 2008. The destination is yet to be confirmed for the two executives with some speculating they have moved to an MGA style operation.