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Original Risk: A Society for Change Agents

Changes at top of Third Point Re as Berger steps further back


John Berger’s stepping back from senior leadership roles at hedge fund backed reinsurance firm Third Point Re has driven further changes, as he hands over the CEO role at Third Point Re USA to Robert Bredahl, with Daniel Malloy now stepping up from CUO to CEO of Third Point Reinsurance Company.

Berger had already stepped back from his role as CEO of Third Point Re, handing over that position to ex-COO Bredahl in March. Now Berger has also stepped back from the USA leadership position, a role which has also fallen to Bredahl. Berger will remain an active part of the reinsurance company though, maintaining his Chairman of the Board position.

With Bredahl now CEO of Third Point Re USA and continuing to serve as President and CEO of Third Point Re, he has stepped back from his CEO position at Third Point Reinsurance Company Ltd., its Bermuda reinsurer, and the company has promoted Daniel Malloy from Chief Underwriting Officer to now become Chief Executive Officer of Third Point Reinsurance Company Ltd.

Malloy has been with Third Point Re in senior underwriting roles since 2013, prior to which he had been at reinsurance broker Aon Benfield from 2003, where he co-led the Specialty Lines practice group. Before his time at Aon, Mallow had been President and a board member of Stockton Reinsurance Ltd. in Bermuda from 1998 to 2003, prior to which he spent time with Centre Re as President.

Also announced by Third Point Re, Manoj Gupta has been promoted from Executive Vice President, Underwriting to President of Third Point Re USA, after Thomas C. Wafer stepped down from the position.

With John Berger stepping back from all CEO responsibilities now the hedge fund reinsurer can pursue its total-return reinsurance strategy with fresh leadership all promoted from within over the last few years.

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