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:

• J. Robert Bredahl will become president and chief operating offer as of Nov. 10, a promotion from his position as chief financial officer and COO.
• Christopher Coleman will become Third Point’s new CFO, a step up from his current job as chief accounting officer.
• Nicholas Campbell has been made chief risk officer after serving as senior vice president, underwriting. He replaces Michael McKnight, who left his job as chief actuary and CRO as of Nov. 5.

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