McConachie resigns from Third Point Re board

  • Stepping down: Neil McConachie has resigned from the board of Third Point Re

    Stepping down: Neil McConachie has resigned from the board of Third Point Re

Neil McConachie, a veteran of Bermuda’s reinsurance sector, has resigned his position as a director of Bermudian-based Third Point Reinsurance Ltd.

Mr McConachie’s resignation on July 1 was effective that day, according to a regulatory filing made by Third Point Re with the US Securities Exchange Commission. He had served as a director of the hedge fund-backed reinsurer’s board since December 2017.

Mr McConachie is a well-known figure in the Bermudian reinsurance industry, having previously served in top positions at Lancashire Group, Montpelier Re Holdings Ltd, and Fidelis Insurance.

He joined Lancashire in 2006, and variously served as the organisation’s president, chief operating officer, chief financial officer and chief risk officer.

At Montpelier, until leaving in 2006, Mr McConachie was senior vice-president, treasurer and chief accounting officer.

Before joining Third Point, Mr McConachie was group chief financial officer of Fidelis, a company that he co-founded.

Risk Market News, an online service based in the United States, reported yesterday that Mr McConachie’s resignation came just weeks after Fidelis announced the creation of Bermudian-based Socium Re Ltd, a $50 million special purpose insurer set up to provide collateralised capacity support for Fidelis’ reinsurance portfolio.

Mr McConachie has vast experience in debt and equity capital markets transactions, including the initial public offerings of Lancashire and Montpelier.

He is a member of the Chartered Accountants of Scotland. Mr McConachie earned a bachelor’s degree in accounting and finance from Heriot-Watt University in Edinburgh, and a master’s degree in business administration, with distinction, from Edinburgh Business School.

You must be registered or signed-in to post comment or to vote.

Published Jul 9, 2019 at 8:00 am (Updated Jul 8, 2019 at 8:24 pm)

McConachie resigns from Third Point Re board

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    • "The most effective politician of 2019"
    • David Burt
    • 8%
    • Wayne Caines
    • 9%
    • Craig Cannonier
    • 3%
    • Zane DeSilva
    • 10%
    • Curtis Dickinson
    • 6%
    • Michael Dunkley
    • 33%
    • Nick Kempe
    • 27%
    • Leah Scott
    • 4%
    • Total Votes: 11029
    • Poll Archive

    Today's Obituaries

    eMoo Posts