9 November 2017Insurance

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

Zurich North America names new head of alternative markets

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

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


More on this story

Insurance
28 March 2018   Bermuda-based Third Point Re has not made an underwriting profit in the past five years but CEO Robert Bredahl has now revealed a strategy to improve underwriting performance and push the combined ratio below 100 percent.
News
1 March 2018   Bermuda-based Third Point Re has swung to profit in the fourth quarter of 2017 and saw its full year 2017 results jump due to investment profits while underwriting produces losses.
Insurance
13 December 2017   Former Fidelis chief financial officer, Neil McConachie is joining the board of directors of Bermuda-based Third Point Reinsurance.