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Arturo Pelaez will continue in his managing director role at Brookfield Asset Management.
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Bridges had been at QBE for 17 years.
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The claims specialist spent 30 years at Amlin before joining TFP.
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The former Hiscox Re & ILS specialty underwriter starts on 7 July.
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The Lloyd’s syndicate was one of just a couple of reinsurance start-ups in the current hard market.
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The take-private deal was announced in July 2024.
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The broker’s fac reinsurance division will encompass around 70 staff, it is understood.
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The new chair said the market must adapt for 2030 and beyond.
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The changes affect operations in Switzerland, Bermuda and the US.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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The managing agency is offering 62p per £1 for 2026 YoA capacity.
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Gallagher Re’s Lara Mowery said mid-year renewals marked the “beginnings of capacity” emerging.