Pierre Casiraghi and Beatrice Borromeo paid homage to Pierre's late father Stefano Casiraghi by naming their firstborn child after Princess Caroline 's former husband. HOLA!.com has learned that the Monaco couple, who welcomed their son February 28, have named their baby boy Stefano Ercole Carlo. Pierre's father tragically died in 1990 as a result of a sailing accident. Much like his first name, Stefano's other names have ties to family origins. Ercole, which is Hercules in Italian, was the name of a 16th century lord of Monaco's son, Hercules Grimaldi. Meanwhile Carlo is a recurrent name in Beatrice's noble Italian family as well as the name of her father Don Carlo Ferdinando Borromeo.

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PierreVIEW GALLERY Pierre's father died in a sailing accident

HOLA! learned on Tuesday that Pierre and his wife had their first child. Rumors of the baby's arrival began swirling after Beatrice's sister posted to (now deleted) mysterious message on Instagram. Attached to a scenic photo of a marina, Matilde Borromeo wrote, "28/2/2017 new date to add in the calendar for my family," adding several blue heart emojis.

Princess Caroline later confirmed the birth of her fourth grandchild in a joint statement with Beatrice's mother, Countess Donna Paola Marzotto. "The Princess of Hanover and the Countess Paola Marzotto have the joy of announcing the birth of their grandson born on 28 February 2017. The mother and the child are doing well," the statement read.

GettyImages-468005728VIEW GALLERY The couple welcomed their first child on February 28

HOLA! confirmed back in November that Beatrice was pregnant. Last March, the 31-year-old opened up about her desire to have children. She told Glamor magazine, "I come from a big family, and I want children of my own." Though at the time she noted, "But at the moment I'm thinking about putting my career in a place where it would not get threatened by the presence of children."

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