Bermuda-based Alterra Capital Holdings Limited announced that John Berger, CEO of Reinsurance and a member of Alterra’s Board of Directors, is leaving in order to pursue a new opportunity.
The company said Thomas C. (Tom) Wafer, formerly the President of Alterra Reinsurance USA, has been appointed to take over from Berger. Reinsurance Chief Underwriting Officers Jed Rhoads at Alterra Bermuda, David Kalainoff at Alterra Reinsurance USA and Trevor Carvey at Alterra Re UK will continue in their present posts.
President and CEO W. Marston (Marty) Becker commented: “We appreciate all that John Berger has done to help create Alterra, to ensure the tremendous success of our merger, and to build a reinsurance team that is strong and deep. As the Chief Executive Officer and President of Harbor Point Limited since its inception in 2005, and before that as a founder of Chubb Re, John has earned a well-deserved reputation as a fine leader in our industry, and we wish him the very best in his new endeavors.
“We are fortunate to have Tom Wafer, a highly regarded and experienced industry professional, as our new CEO of Reinsurance, as well as a group of outstanding CUOs in Jed Rhoads, Dave Kalainoff and Trevor Carvey, all with exemplary track records of underwriting profitability. With this strong reinsurance leadership team, we believe that Alterra will continue to be well positioned to successfully compete in today’s global reinsurance marketplace.”
Wafer has more than thirty years of reinsurance industry experience and has been President of Alterra Reinsurance USA since November 2009. From 2005 to 2009, he was Managing Director of International Underwriting for Harbor Point Re Limited and New Point Re Limited in Bermuda. From 1998 to 2005, he was Managing Director International Underwriting and Marketing at Chubb Re, Inc. He previously held various insurance industry positions, including Managing Director and head of the International Division of Guy Carpenter New York. Wafer is a graduate of Manhattanville College with a BA in Economics and also holds an MBA in Marketing from Fordham University.
Source: Alterra Capital Holdings
Topics Reinsurance Human Resources
Was this article valuable?
Here are more articles you may enjoy.
Hard Reinsurance Prices Likely to Last Longer Than in Previous Market Cycles: Report 
Anti-DEI Shareholders Are Attacking Corporate America’s Diversity Programs 
Wall Street Firms to Pay $470 Million to Settle With US Regulators Over Texting 
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion 
