Bermuda-based reinsurer, Fergus Reinsurance Limited, has announced the appointment of two reinsurance professionals to its underwriting and management team, reports The Royal Gazette.
Chris Powell has joined the company as Chief Underwriting Officer (CUO) whilst Elspeth Gray has been made Director of Business Development in a move to increase the growth of the company.
Powell will bring over 27 years of experience working in P&C underwriting. He has previously worked for Colonial Group as their underwriting and reinsurance manager.
Prior to Colonial group, he was vice-president and lead property treaty underwriter at Endurance Specialty in Zurich, Switzerland.
Gray has shy of 40 years in international insurance and reinsurance and has been based in in London, New York, Houston and Bermuda.
For the past 10 years, her experience has been at Argo Group Limited in Texas and Bermuda, including local community involvement as president of the Argo Foundation. Prior to that she was EVP at Thomas Miller (Bermuda) Ltd and has also held senior roles at Oil Insurance Limited and Heddington Brokers Ltd.
Navin Dadlani, President of Fergus Re, said: “With our recent AM Best B+ rating and the addition of these seasoned industry professionals, Fergus Re can capitalise on current reinsurance opportunities, which will assist with our mission to build Fergus into a preferred partner in the middle-market reinsurance segment.
“With Chris’s underwriting experience and Elspeth’s extensive contacts and relationships, both locally and internationally, we are expecting steady profitable growth in our portfolio.”
