Third Point Re reshuffles its board

Third Point Reinsurance has made a change to its broad of directors. The managing director of its founding private equity investor has stepped down and been replaced by the founder of Fidelis Insurance.

Christopher Collins, the managing director of Kelso & Company, a founding private equity investor of Third Point Re, has been replaced by Neil McConachie, who joins the board for a second time.

McConachie previously served on the company's board from November 2013 to June 2015 where he served as the chairman of the Governance and Nominating Committee and as a member of the Audit, Compensation, and Risk Committees.

McConachie most recently co-founded Fidelis Insurance in 2015 and served as the group's chief financial officer. Prior to Fidelis, he served on Third Point Re's board. Prior to that, he worked for the Lancashire Group from February 2006 to June 2012 and during that time held the roles of chief financial officer, chief risk officer, chief operating officer and president.

“Chris has been a valuable director having joined the Board in November 2011, shortly after the Company's founding. We appreciate his many contributions and dedicated service to the Company over his tenure and wish him all the best,” said Robert Bredahl, president and chief executive officer.

"I am very pleased that Neil will be re-joining the board given the valuable service that he provided when he served in that role from 2013 to 2015 and look forward to his partnership and counsel once again."