Third Point Re CEO Berger Gains Contract Extension

November 7, 2014
Third Point Re CEO John Berger
Third Point Re CEO John Berger

The board of directors at Bermuda’s Third Point Reinsurance Ltd. has renewed the contract of CEO John Berger for another three-year term.

Berger will also continue as Third Point’s Chief Underwriting Officer, though there will be a number of management promotions elsewhere in Berger’s leadership team, the company announced.

Recently, Berger told Carrier Management that his company has a “very cohesive team,” including many executives, like him, who had been in the reinsurance industry for 25 to 30 years or longer.

“In the reinsurance world today, your relationships, how you’ve conducted business in the past, your reputation, your integrity really are important,” he said at the time. “You’re not just sitting at a computer screen transacting with a faceless entity. You’re dealing with other human beings.”

He also described Third Point Re’s strategy as one that “couples flexible, opportunistic underwriting with market-leading investment management.”

Meanwhile, the Third Point board made several other management changes:

Berger credited McKnight in a statement with his “help in building Third Point Re from a private business into the successful public company that we are today.”

Source: Third Point Reinsurance