Fidelis co-founder Neil McConachie has rejoined Third Point Re’s board of directors, replacing Christopher Collins who has now stepped down from the board.

Collins is a managing director at Kelso & Company, a founding private equity investor of Third Point Re. He had served on the total return reinsurer’s board since November 2011, shortly after the company's founding, before stepping down on 12 December.

Having worked at Lancashire Group from 2006 to 2012 in a variety of senior positions including CFO and president, McConachie originally joined Third Point Re's board in November 2013, serving as the chairman of the governance and nominating committee and as a member of the audit, compensation, and risk committees.

He then stepped down in 2015 to co-found Fidelis with former Lancashire founder and CEO Richard Brindle and held the position of the group's CFO. In January this year, McConachie resigned as Fidelis CFO on account of personal reasons but will remain on the board as a non-executive director when he leaves in January 2018.

From January 2002 to January 2006, McConachie was senior vice president, treasurer and chief accounting officer of Montpelier Re.

Commenting on the changes, Third Point Re president and CEO Robert Bredahl said that Chris had been a “valuable” director. “We appreciate his many contributions and dedicated service to the company over his tenure and wish him all the best,” he said.

"I am very pleased that Neil will be rejoining 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,” he concluded.