It might not be too surprising to hear a former professional basketball player and coach counsel that one of the keys to winning is having a carefully crafted game plan.

Executive Summary

Reinsurance industry veteran John Berger explains what attracted him to the opportunity to lead a reinsurance company whose investments are being managed by Third Point LLC and its founder and CEO Dan Loeb. He also reviews some lessons of his career and discloses the Bermuda reinsurer's intention to set up a U.S. operation.

That’s also the advice that a veteran of the reinsurance industry offers up immediately when asked to reflect on the lessons he has learned during a career spanning more than 35 years. “It has to be a very clear game plan that everybody understands,” says John Berger, chief executive officer of Third Point Re.

Berger, who played basketball professionally in Europe before taking his first job in the industry back in 1978, emphasizes the last part of the answer.

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