Third Point Reinsurance Ltd. has announced that Chief Executive Officer John Berger is set to step down from the role and will be replaced by Robert Bredahl, the current President and Chief Operating Officer.
Berger will remain active at the reinsurer, which is backed by hedge fund manager Daniel Loeb, in his Chairman of the Board position and also as Chairman of the Underwriting Committee of Third Point Re.
John Berger commented on the announcement; “While I will be stepping down as CEO, I look forward to maintaining a very active role in the company as well as supporting Rob in his new position. Rob and I have worked closely together over the last five years forming and developing Third Point Re, and I see much opportunity ahead to further grow our business. I am looking forward to continuing my partnership with Rob, capitalizing upon the many opportunities that lay ahead.”
Robert Bredahl added; “I am excited about the opportunity to lead Third Point Re and build upon the success that we have achieved thus far. John and I have enjoyed a strong relationship since forming Third Point Re in 2011, and I am looking forward to continuing that partnership as we work together to further grow the Company.”
The transition of Bredahl to CEO of the reinsurer will be effective from March 1st 2017.
