Berger to chair board of Coaction Specialty
Veteran Bermuda re/insurance chief John Berger has become chairman of the board of New Jersey-based Coaction Specialty Insurance Group.
Berger, who retired as CEO of Ascot Re in 2021, was previously CEO and chairman of Third Point Reinsurance, CEO of reisurance and vice chairman of the board of Alterra Capital and CEO and president of Chubb Re.
He is expected to support Coaction’s management team in evaluating its 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,” said Jonathan Ritz, CEO of Coaction.
“I am happy to join Coaction as chairman of the board,” said Berger. “I look forward to working with Jonathan to advance the organization’s franchise value further and deliver exceptional results for our stakeholders.”
Berger replaces previous chairman Stan Galanski, who has held the position since August of 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,” Ritz added. “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.”
Coaction is a specialty insurer focused on Property, Primary Casualty, Excess Casualty, Entertainment, Professional Lines, Binding Authority, and Marine, Energy, & Transportation. It underwrote $1.1 billion of premium in 2022.
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