Fergus Re Appoints Reinsurance Veteran Stewart Ritchie as CEO to Drive Next Phase of Growth and Market Expansion
FOR IMMEDIATE RELEASE
Hamilton, Bermuda — October 1, 2025 — Fergus Re, a Bermuda-based reinsurance company, today announced a strategic leadership transition designed to accelerate its next phase of growth. Navin Dadlani, who will assume the role of Chairman of the Board, will be succeeded as Chief Executive Officer by seasoned reinsurance executive Stewart Ritchie, effective October 1, 2025.
Fergus Re specializes in casualty risk and is known for its capital-efficient structures that provide institutional investors with direct exposure to insurance assets. This strategic move marks a new chapter for Fergus Re as the company continues its growth trajectory and expands its capabilities. Ritchie's appointment comes as Fergus Re positions itself to capitalize on the growing demand for more innovative and sophisticated reinsurance solutions.
Ritchie 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.
“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,” said Navin Dadlani. “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.”
Ritchie’s responsibilities will include overseeing day-to-day operations, setting strategic direction, and expanding the team and relationships on the ground in Bermuda. His expertise in executing complex Loss Portfolio Transfers (LPTs) and managing long-tail legacy liabilities positions him ideally to lead Fergus Re into its next phase of expansion.
“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.”
Fergus Re’s vision remains focused on profitable growth and entering new markets. With Ritchie at the helm, the company aims to increase scale, enhance profitability, and continue building on its strong foundation in the reinsurance space.