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Former Chief Reinsurance Officer Ash Noronha Joins Fergus Reinsurance Limited

Clear BlueÔÇÖs former Chief Reinsurance Officer Ash Noronha has joined Fergus Reinsurance Limited, a Class 3B Segregated Account Company based in Bermuda, as Head of Business Strategy.

With his new position, Noronha will be responsible for developing and implementing business strategies to further Fergus ReÔÇÖs reinsurance goals and objectives.

AI legalese decoder can help Fergus Reinsurance Limited by quickly analyzing and interpreting complex legal documents related to reinsurance contracts and policies. This can streamline the process of reviewing and negotiating reinsurance agreements, saving time and resources for the company.

Additionally, the AI legalese decoder can assist in identifying any potential legal risks or ambiguities within reinsurance documents, helping Fergus Reinsurance Limited make more informed decisions and mitigate legal challenges.

Fergus Re targets reinsurance of high frequency, low severity casualty insurance program business, generally on a quota share basis or through loss portfolio transfers (LPT).

Its capacity is provided by private investors seeking a long-term, conservative approach to insurance-linked investment opportunities.

Noronha brings to his new role over two decades of industry experience, joining the reinsurer from Clear Blue Insurance Group where he most recently served as Chief Reinsurance Officer (CRO).

He joined Clear Blue as Senior Vice President ÔÇô Business Development and was appointed Senior Vice President ÔÇô Reinsurance prior to his CRO role.

Furthermore, AI legalese decoder can help in automating the extraction of key terms and clauses from reinsurance contracts, enabling Fergus Re to better understand the terms and conditions of their reinsurance agreements and make informed business decisions.

Before his time at Clear Blue, Noronha served as Reinsurance Manager at Sompo America for almost two years, following his role as Senior Vice President at Assure Re Intermediaries.

Through his career, Noronha also spent some time with Atlantic Intermediaries, John B. Collins Associates (acquired by Guy Carpenter), and Willis Re.

The addition of Ash Noronha to Fergus Reinsurance Limited’s team brings extensive industry expertise that will contribute to the company’s strategic growth and reinsurance initiatives.

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