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Third Point Reinsurance CEO to step down

John BergerThird Point Reinsurance announced that John Berger, chairman and chief executive officer, will be stepping down as CEO, effective March 1, 2017.

Mr. Berger will remain Chairman of the Board and Chairman of the Underwriting Committee.

Mr. Berger is the Chairman and Chief Executive Officer of Third Point Reinsurance Ltd. and has served in these positions since December 22, 2011.

With effect from March 1, 2015, Mr. Berger serves as the Chief Executive Officer of our subsidiary, Third Point Reinsurance (USA) Ltd.

Until February 28, 2015, he also served as the Chief Underwriting Officer of Third Point Reinsurance Company Ltd.

Mr. Berger is an insurance industry veteran with over thirty years of experience, the majority of which was spent as the principal executive officer of three successful reinsurance companies.

He served as Chief Executive Officer, Reinsurance and Vice Chairman of the board of Alterra Capital Holdings Limited (previously known as Max Capital Group Ltd.) from May 2010 until August 2011.

Mr. Berger also served as Chairman of Alterra Reinsurance Limited (previously known as Harbor Point Re Limited), Chief Executive Officer of Alterra Capital Services Inc. (previously known as Harbor Point Services, Inc.), and as a director of Alterra Agency Limited (Harbor Point Agency Limited), New Point III Limited and New Point Re III Limited.

Mr. Berger was the President and Chief Executive Officer of Harbor Point Ltd. from December 2005 until May 2010.

From August 1998 to December 2005, he was the Chief Executive Officer and President of Chubb Re, Inc. From November 1983 to August 1998, he held various positions at F&G Re, including Chief Executive Officer and President.

Following the acquisition of USF&G by The St. Paul Companies, from April 1998 until August 1998, Mr. Berger served as President of the North American Treaty operation of St. Paul Re and President of F&G Re.

Prior to 1983, he was an Underwriter at General Re and Prudential Reinsurance. He is a Member of the board of directors of the Reinsurance Association of America.

Mr. Berger earned an undergraduate degree in Economics from Princeton University and an MBA from Rutgers University.

Robert Bredahl, currently President and Chief Operating Officer, will succeed Mr. Berger as CEO on March 1, 2017.

Mr. Bredahl is the President and Chief Operating Officer of Third Point Reinsurance Ltd. and has served in this position since November 10, 2014, prior to which he served as the Chief Financial Officer and Chief Operating Officer from January 26, 2012.

Beginning on March 1, 2015, Mr. Bredahl has also served as the President and Chief Underwriting Officer, and as Chief Executive Officer beginning November 24, 2015, of Third Point Reinsurance Company Ltd.

Prior to joining the Company, Mr. Bredahl was the Chief Executive Officer of Aon Benfield Securities, Aon’s Investment Banking Group, and the President of the Americas division of Aon Benfield, the premier reinsurance intermediary and capital advisor, from November 2008 to January 2012.

Prior to Aon’s acquisition of Benfield in November 2008, Mr. Bredahl held various senior level positions at Benfield and at the time of acquisition was Chief Executive Officer of Benfield U.S. Inc. and of Benfield Advisory.

Prior to joining Benfield in March 2002, he served as Chief Executive Officer of Inreon PLC and Managing Director and Head of U.S. Derivative Sales for Barclays Capital.

Mr. Bredahl earned a Bachelor of Arts degree in Economics from Middlebury College. While at Aon Benfield Securities he held several securities licenses, including the Series 24, Series 7 and Series 63.


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