Somerset Reinsurance Announces the Appointment of Danish Iqbal as CEO [Yahoo! Finance]
Ares Management Corporation Class A (ARES)
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Source: Yahoo! Finance
companies, today announced the appointment of Danish Iqbal as the company's new Chief Executive Officer, effective April 30. Mr. Iqbal succeeds Jeff Burt who, as announced yesterday, will become co-CEO of Aquarian Insurance Holdings, the holding company for Somerset Re. The two will share Co-CEO responsibilities throughout the transition, ensuring seamless and consistent leadership. Mr. Iqbal is returning to Somerset Re after serving as Head of Pricing and Valuation earlier in his career. Immediately prior to rejoining Somerset Re as CEO, Mr. Iqbal served as President of Neptune Reinsurance Limited ("Neptune"), a Bermuda-domiciled reinsurer integrated into Somerset Re in December 2024. As President, he oversaw the establishment of the organization's infrastructure and ensured the entity's licensing with the Bermuda Monetary Authority. Previously, Mr. Iqbal was Chief Actuary at Aspida Re (formerly F&G Re). He was responsible for all actuarial functions and led F&G Re's sale process t
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