Former Ascot Re CEO Joins Coaction Board of Directors
May 23 2024 - 11:15AM
Coaction Specialty Insurance Group (Coaction), a privately-held
specialty insurance company, is pleased to announce that John
Berger is joining as Chairman of the Board, effective immediately.
Berger’s leadership and business acumen, supported by decades of
executive experience, are expected to bolster Coaction’s Board
further. He will support Coaction’s Management Team in evaluating
its strategic direction and achieving its objectives.
“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.”
Before retiring from Ascot Re in 2021, Berger was the founding
Chairman and CEO of Third Point Reinsurance Ltd., a publicly traded
reinsurer based in Bermuda launched in 2012. Previously, Berger was
the CEO of reinsurance and Vice Chairman of the Board for Alterra
Capital Holdings Limited (previously known as Max Capital Group
Ltd.). He also served as Chairman of Alterra Reinsurance Limited
(previously known as Harbor Point Re Limited).
From August 1998 to December 2005, Berger was the CEO and
President of Chubb Re, Inc., and he was one of the original members
of the F&G Re team. He holds an undergraduate degree in
Economics from Princeton University, an M.B.A. from Rutgers
University, and is a chartered property casualty underwriter
(CPCU).
About Coaction Specialty Insurance
GroupCoaction Specialty Insurance Group (Coaction) is a
privately-owned, specialty P&C insurance company. Coaction is a
full specialty underwriter across seven (7) major product
verticals: Property, Primary Casualty, Excess Casualty,
Entertainment, Professional Lines, Binding Authority, and Marine,
Energy, & Transportation.
Through these verticals, Coaction provides a range of coverages
to U.S. customers via both open brokerage and delegated
underwriting authority platforms. Coaction’s authentic,
collaborative, and results-oriented culture is reflected in the
focused approach the company takes to fulfilling the needs of each
individual customer by combining product, analytics, and
underwriting capabilities with strong industry knowledge and
partnerships to develop real-world solutions. Through data-driven
insights and collaboration with partners, the company coacts with
customers and partners to rationally manage risk so businesses and
communities can build a more ambitious, confident, and sustainable
future. For more information, visit
https://www.coactionspecialty.com/.
Media Contact:Jennifer OverhulseSt. Nick Media
Services859-803-6597jen@stnickmedia.com