Coaction taps reinsurance veteran as new chairman

Coaction taps reinsurance veteran as new chairman | Insurance Business Asia

Reinsurance

Coaction taps reinsurance veteran as new chairman

Former Ascot Re CEO to lead the company into a new era

Reinsurance

By
Mav Rodriguez

Coaction Specialty Insurance Group has welcomed industry veteran John Berger as its new chairman of the board, effective immediately.

Berger has over three decades of experience in global re/insurance. His extensive background in executive leadership is expected to support the management team on Coaction’s strategic direction.

“I am pleased to welcome John Berger, who brings a track record of success leading modern, global companies in our industry, and whom we hold in the absolute highest regard,” Coaction CEO Jonathan Ritz said.

Before retiring from Ascot Re in 2021, Berger was the founding chairman and CEO of Third Point Reinsurance, a publicly traded reinsurer based in Bermuda. His prior roles include CEO of reinsurance and vice chairman of the board for Alterra Capital Holdings and chairman of Alterra Reinsurance.

He also served as CEO and president of Chubb Re from 1998 to 2005 and was an original member of the F&G Re team. He holds an undergraduate degree in economics from Princeton University, an MBA from Rutgers University, and is a Chartered Property Casualty Underwriter (CPCU).

“I am happy to join Coaction as chairman of the board. I look forward to working with Jonathan to advance the organization’s franchise value further and deliver exceptional results for our stakeholders,” Berger said.

Berger replaces Stan Galanski, who had served as chairman since August 2021.

“I would like to thank Stan, who has brought invaluable insight to help Coaction navigate through the past several years during his time as chairman of the board. While Stan will be missed, I am confident we are in good hands with John’s leadership providing stability and guidance to Coaction in the years ahead,” Ritz said.