Newly formed Bermuda based CastlePoint Re has appointed president of CastlePoint Holdings and CEO of CastlePoint Reinsurance Company Limited.

Mr. Doyle will also serve as a director of CastlePoint Re as well as continuing to serve as a director of CastlePoint Holdings. The change becomes effective on November 1., currently the chairman, CEO and president of CastlePoint Holdings, will continue in that position. has been appointed as president and director of CastlePoint Management, Corporation and has served as executive vice president of CastlePoint from May 2006 and as its director since March 2006. Mr. Doyle will work with Mr. Lee in the overall strategic planning for the entire company as well as directly managing CastlePoint Re.

CastlePoint Re is a wholly owned subsidiary of CastlePoint Holdings, Limited a company that was recently capitalised with $265 million of equity raised in a private offering.

CastlePoint Re operates a reinsurance carrier providing quota share reinsurance coverages to the insurance operations of Tower Group Companies (Tower)Tower.

The company also plans on offering third party quota share reinsurance and expects to assume business related to specialty programmes.

?Our focus is on reinsuring primary property casualty insurance companies in the US that write commercial and personal lines policies in low to moderate hazard groups,? Mr. Lee said.

?These companies may be well capitalised for their current business, but require other solutions to aid in their growth plans.

?Our typical customer has a profitable track record and business not prone to severe catastrophic loss.?

?We are very pleased to have Greg at CastlePoint. Having worked with him for several years, I believe his experience in the reinsurance industry as well as his leadership and management skills will add significant value to our company,? Mr. Lee said.

Mr. Doyle has been a member of CastlePoint Holdings? board of directors since April 2006. Prior to joining the CastlePoint board, he served on the board of directors of Tower Group, Inc. from September 2004 to April 2006.

He has served as the executive chairman of the reinsurance brokerage firm, BMS Vision Re, since September 2004.

Prior to that, Mr. Doyle was president of Presidential Re Insurance Advisors, a consulting firm he founded.

From December 2000 to January 2003, he served as executive vice president, Strategic Planning/Corporate Development for Guy Carpenter & Company, a reinsurance brokerage firm.

He is a Chartered Property and Casualty Underwriter and attended the Advanced Executive Education Programme at the University of Pennsylvania?s Wharton School of Business.

As the president of CastlePoint Management, Mr. Dale will oversee its US primary insurance company operation that provides programmes and risk sharing solutions to programme underwriting agents and insurance companies.

?Mark?s extensive knowledge, leadership and experience in establishing and successfully managing programme business will enable us to continue to develop and expand our programs and risk sharing business,? Mr. Lee said.

Prior to joining CastlePoint Management, Mr. Dale served from July 2000 to August 2006, as senior vice president of Great American Custom, a full service underwriting organisation, where he managed their programme division.

He also had extensive experience managing primary excess and surplus lines underwriting at Great American Custom.

Mr. Dale?s 27 year career in the property and casualty insurance industry includes underwriting and management positions at Hartford Insurance Company, Economy Fire and Casualty Insurance Company and Arkwright Mutual Insurance Company.