Fortitude Re makes two senior appointments
Bermudian-based Fortitude Re has appointed Ming Zhang as chief risk officer and Andrew Sooboodoo as chief regulatory officer.
The company said Mr Zhang will join Fortitude Re’s executive committee and report to chief executive Alon Neches.
He will lead the company’s corporate risk management strategy, continuing to advance, strengthen and sustain its strong risk culture, Fortitude Re said.
Mr Sooboodoo is transitioning from his prior role as chief risk officer into the newly created role of chief regulatory officer to ensure that Fortitude Re continues to maintain a market-leading presence with its global regulatory constituents as the business continues to grow and mature.
Mr Neches said: “The essence of Fortitude Re is in the quality of our team-mates, and we couldn’t ask for higher-calibre professionals than Ming and Andrew to lead their respective functions.
“Ming brings with him a wealth of experience in the insurance and reinsurance industry and extensive expertise in investments and risk management.
“As our founding chief risk officer, Andrew has already built a strong foundation in that discipline, and he is now carrying that forward to ensure we apply the same constructiveness, rigour and thoughtfulness to our engagement with the regulatory community.”
The company said Mr Zhang joins Fortitude Re from SiriusPoint where he served as chief investment officer, responsible for leading the investment team, setting and implementing the global insurer’s investment and hedging strategies, and managing day-to-day investments.
The company said Mr Sooboodoo held various leadership roles in Bermuda before joining Fortitude Re as chief risk officer in November 2021.