Fergus Re appoints Stewart Ritchie as CEO
Bermuda-based re/insurer Fergus Re has appointed the former Fortitude Re chief operating officer Stewart Ritchie (pictured) to help steer its next phase of growth and market expansion.
Ritchie has stepped into the role of CEO, succeeding Navin Dadlani who assumes the role of chairman of the board.
Ritchie brings a wealth of experience and a proven track record of leadership in the industry, having most recently served in CFO and COO roles in Fortitude Re’s Bermuda operations and, prior to that, as CEO of R&Q Re (Bermuda).
Ritchie's appointment comes as Fergus Re positions itself to capitalise on the growing demand for more innovative and sophisticated reinsurance solutions.
Ritchie’s responsibilities will include overseeing day-to-day operations, setting strategic direction and expanding the team and relationships on the ground in Bermuda. His expertise in executing complex Loss Portfolio Transfers (LPTs) and managing long-tail legacy liabilities positions him ideally to lead Fergus Re into its next phase of expansion.
Dadlani said: “Having successfully scaled our casualty platform, Fergus Re is evolving into a more sophisticated and complex company, and this is the right moment to strengthen our executive leadership.
“Stewart is someone we’ve known and respected for a long time. We need a leader with his deep reinsurance expertise, strategic vision, and knowledge of the Bermuda regulatory regime. His appointment reflects our commitment to scaling the business and expanding our capabilities for the long-term.”
Ritchie said: “I’m thrilled to join Fergus Re at such a pivotal moment. The company has an impressive track record and a talented team. This is a huge opportunity to grow the business, develop new strategies, and work alongside people I admire and respect. I see this as a long-term commitment and am excited to help take Fergus to the next level.”
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