Coaction faucets reinsurance veteran as new chairman

Coaction Specialty Insurance coverage Group has welcomed trade veteran John Berger as its new chairman of the board, efficient instantly.

Berger has over three many years of expertise in world re/insurance coverage. His intensive background in govt management is anticipated to assist the administration workforce on Coaction’s strategic course.

“I’m happy to welcome John Berger, who brings a observe file of success main trendy, world corporations in our trade, and whom we maintain within the absolute highest regard,” Coaction CEO Jonathan Ritz mentioned.

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

He additionally served as CEO and president of Chubb Re from 1998 to 2005 and was an authentic member of the F&G Re workforce. He holds an undergraduate diploma in economics from Princeton College, an MBA from Rutgers College, and is a Chartered Property Casualty Underwriter (CPCU).

“I’m completely happy to affix Coaction as chairman of the board. I sit up for working with Jonathan to advance the group’s franchise worth additional and ship distinctive outcomes for our stakeholders,” Berger mentioned.

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

“I want to thank Stan, who has introduced invaluable perception to assist Coaction navigate via the previous a number of years throughout his time as chairman of the board. Whereas Stan can be missed, I’m assured we’re in good fingers with John’s management offering stability and steerage to Coaction within the years forward,” Ritz mentioned.