Ritchie appointed Fergus Re CEO, Dadlani to become Chairman of the Board

Bermuda-based reinsurance company, Fergus Re has announced the appointment of Stewart Ritchie as Chief Executive Officer (CEO), succeeding Navin Dadlani, who will assume the role of Chairman of the Board.

With this strategic move, Fergus Re, a specialist in casualty risk, marks a new chapter for the company as it continues to grow and expand its capabilities.

Known for its capital-efficient structures that offer institutional investors direct access to insurance assets, the company is now strategically positioning itself to meet the growing demand for more innovative and sophisticated reinsurance solutions.

In his new role, Ritchie will be responsible for overseeing daily operations, establishing strategic direction, and growing the team and local relationships in Bermuda.

His expertise in executing complex loss portfolio transfers (LPTs) and managing long-tail legacy liabilities makes him an ideal leader for Fergus Re’s next phase of expansion, the firm stated.

A reinsurance veteran, the executive brings a wealth of experience and a proven track record of leadership in the industry, having previously served in CFO and COO roles in Fortitude Re’s Bermuda operations and, prior to that, as CEO of R&Q Re (Bermuda) Ltd.

Dadlani commented: “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.”

“I’m thrilled to join Fergus Re at such a pivotal moment,” said Ritchie. “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.”