17 July 2018Insurance

Third Point Re makes senior underwriting hires from Chubb, Munich Re

Bermuda-based Third Point Reinsurance has hired David Drury and Steven Wilson as senior vice president of underwriting from Chubb and Munich Re America.

Prior to joining Third Point Re, Drury spent over fifteen years at Chubb (formerly ACE) in various senior roles, most recently as chief underwriting officer of Chubb Tempest Re Group, Chubb's worldwide reinsurance operations. His prior roles at Chubb included division president, Chubb Tempest Re Bermuda; chief risk officer, Chubb Tempest Re Group; and chief underwriting officer, ACE Financial Solutions.

Wilson most recently served as a head of financial and professional lines at Munich Re America, where he managed the professional liability and credit/surety/political risk underwriting departments. Prior to that, he served in a variety of senior underwriting and actuarial roles at Munich Re America, covering a wide range of casualty business including medical malpractice, umbrella and workers' compensation.

Robert Bredahl, president and chief executive officer of Third Point Re, commented: "We are very excited to have David and Steven join the company as they bring proven track records and significant underwriting experience to the team. Their expertise, analytical skill and commercial approach will be valuable, particularly as we continue to focus on the contribution made to our profitability through our underwriting by broadening our risk portfolio."

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More on this story

News
7 November 2018   Bermuda-based Third Point Re has seen its gross written premium (GWP) fall sharply by 82.8 percent in the third quarter of 2018 due to unsatisfactory underlying pricing, terms and conditions.
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1 August 2018   A significant drop in investment income has pushed down Third Point Re’s earnings in the second quarter of 2018 while the Bermuda-based reinsurer managed to reduce the underwriting loss.
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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.