Third Point Re chair to step down; successor revealed
Bermuda-based Third Point Reinsurance has announced that John Berger, chairman of the board of directors, will be stepping down at the end of the term.
Steven Fass, currently on the board, will succeed Berger as interim chairman as of December 22, 2017.
Robert Bredahl, currently president and chief executive officer, will replace Berger on the board.
"On behalf of the entire Board, I want to thank John for his work as Chairman, the position he held since Third Point Re's formation in 2011," Fass commented. "John was instrumental in the formation of Third Point Re and we sincerely appreciate all of his hard work in getting Third Point Re to where it is today."
Bredahl added: "I am very proud to have worked under John's leadership. He was the ideal Chairman and CEO to launch Third Point Re, lead its IPO and develop us into a $1.8 billion company with more than $600 million in annualized premium income. He is a generous mentor, true friend and great human being."
Berger said: "I am very proud of what we have accomplished at Third Point Re over the past six years and couldn't be more confident of their continued success. The Company is in great hands with Rob. He has been a great partner to me and the key driver of our development. I wish Rob and the Company the best of luck."
Sign up to our free email newsletters
Munich Re posts €1.4bn loss for Q3
Rates force Beazley to shrink reinsurance unit in first nine months
Zurich results steady but anticipates improvements in pricing
AmTrust divests further while posting Q3 loss
Chaucer and Markel back Newbridge on political violence & terrorism capacity
Former Axis Re CEO joins National General board
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze