5 March 2015 Insurance

Third Point Re gives Fass new role

Third Point Reinsurance has appointed Steven Fass, already a director of the company, to the newly created position of lead independent director.

Fass will chair non-management executive sessions of the board, act as a liaison between the board and executive management of the company and act as chairman in the event the current chairman is unavailable.

Fass's insurance career has spanned nearly 39 years. He also serves as a director of VIBE Syndicate Management (formerly RITC Syndicate Management), a London-based run-off specialist, and its affiliate Inceptum Insurance Company.

Fass retired in 2008 as chief executive of the White Mountains Insurance Group. From 1984 to 2006 he was chief executive of White Mountains Re, and its predecessor companies Folksamerica Holding Company and Folksamerica Reinsurance Company.Europe

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