Third Point Reinsurance Ltd. has announced the hiring of David Govrin, previously a member of Berkshire Hathaway Reinsurance Group’s underwriting team, as its Executive Vice President, Underwriting at Third Point Reinsurance (USA) Ltd.
Govrin had spent seven years as Vice President in Berkshire Hathaway’s Reinsurance Group, as a key member of the underwriting team.
The move will help Third Point Re, which is backed by hedge fund manager Daniel Loeb, to strengthen its reinsurance operations in the United States, a key market for the firm.
Robert Bredahl, President and Chief Executive Officer of Third Point Re, commented on the news; “I am extremely pleased to have David joining the Company. His extensive experience and relationships across the insurance and reinsurance industries will be a tremendous asset as we continue to execute our strategy of scaling our U.S. underwriting platform.”
Govrin added; “This is an exciting time to be joining the Company given the opportunity that lies ahead. I have great respect for the Third Point Re team and look forward to helping them continue to build their presence in the United States.”
Govrin has over 25 years of experience in insurance and reinsurance. Prior to his time with Berkshire Hathaway he founded an insurance private equity fund, Hudson Insurance Capital Partners, raising $190 million for a focus on specialty insurance underwriting and distribution. Before that he founded Sierra Re Advisors LLC, a reinsurance intermediary focused on transacting with the capital markets. The majority of the rest of his career was spent in senior executive roles at Goldman Sachs and Guy Carpenter.
