Coaction Specialty Insurance Group, a privately-owned, specialty P&C insurer, has named former Ascot Re executive, John Berger as Chairman of the Board, effective immediately.
Berger replaces previous Chairman Stan Galanski, who has held the position since August of 2021.
Jonathan Ritz, Chief Executive Officer (CEO), Coaction, commented, “I am pleased to welcome John Berger, who brings a track record of success leading modern, global companies in our industry, and whom we hold in the absolute highest regard.”
“I would like to thank Stan, who has brought invaluable insight to help Coaction navigate through the past several years during his time as Chairman of the Board,” Ritz added. “While Stan will be missed, I am confident we are in good hands with John’s leadership providing stability and guidance to Coaction in the years ahead.”
Berger’s leadership and business acumen, supported by decades of executive experience, are expected to bolster Coaction’s Board further. His remit includes supporting Coaction’s Management Team in evaluating its strategic direction and achieving its objectives.
Berger added, “I am happy to join Coaction as Chairman of the Board. I look forward to working with Jonathan to advance the organization’s franchise value further and deliver exceptional results for our stakeholders.”
Before retiring from Ascot Re in 2021, Berger was the founding Chairman and CEO of Third Point Reinsurance Ltd., a publicly traded reinsurer based in Bermuda launched in 2012.
Previously, Berger was the CEO of Reinsurance and Vice Chairman of the Board for Alterra Capital Holdings Limited, formerly Max Capital Group Ltd. He also served as Chairman of Alterra Reinsurance Limited, previously known as Harbor Point Re Limited.
From August 1998 to December 2005, Berger was the CEO and President of Chubb Re, Inc., and he was one of the original members of the F&G Re team.
