Fidelis co-founder and former CFO re-joins Third Point Re board

Former Fidelis chief financial officer, Neil McConachie is joining the board of directors of Bermuda-based Third Point Reinsurance.

McConachie will replace Christopher Collins who will be stepping down from the board. Collins is a managing director at Kelso & Company, a founding private equity investor of Third Point Re.

McConachie announced early this year his decision to step down as Fidelis CFO from January 2018. He also co-founded Fidelis in 2015.

Prior to Fidelis, McConachie served on Third Point Re's board of directors 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.

Previously, 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. He also served as an executive member of the board of directors. McConachie was also senior vice president, treasurer and chief accounting officer of Montpelier Re Holdings from January 2002 to January 2006.

"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," said Robert Bredahl, president and chief executive officer.

"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," he added.

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