Hedge fund backed reinsurer, Third Point Re, has announced a number of changes to its Board of Directors, including that John Berger will step down as Chairman of the Board, effective December 22nd, 2017.
Berger’s departure comes at the end of the term of his Chairman’s agreement, and he will be succeeded by current Board member Steven Fass, as interim Chairman.
Third Point Re’s current President and Chief Executive Officer (CEO), Robert Bredahl, will replace Berger on the Board, as of December 22nd, 2017.
Berger, commented on his departure; “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.”
Steven Fass, added; “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. 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, said; “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.”
