August 22, 2023 – Hamilton, Bermuda – FGH Parent, L.P. (“Fortitude Re”), today announced the appointment of Ming Zhang as Chief Risk Officer and Andrew Sooboodoo as Chief Regulatory Officer, effective immediately. Ming will join Fortitude Re’s Executive Committee and report to Chief Executive Officer Alon Neches. He will lead the company’s corporate risk management strategy, continuing to advance, strengthen and sustain its strong risk culture. Andrew 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.
Alon Neches, CEO of Fortitude Re commented, “The essence of Fortitude Re is in the quality of our teammates, and we couldn’t ask for higher caliber 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, rigor, and thoughtfulness to our engagement with the regulatory community.”
Ming joins Fortitude Re from SiriusPoint where he served as Chief Investment Officer (CIO), responsible for leading the investment team, setting and implementing the global insurer’s investment and hedging strategies, and managing day-to-day investments. Previously, he held leadership positions at MetLife and AIG. He holds a PhD in Physics from the University of Chicago and a Bachelor of Science degree from Peking University.
Andrew is a Director of both BILTIR and ABIR, Bermuda’s Life and P&C Reinsurance Associations respectively. He held various leadership roles in Bermuda before joining Fortitude Re as Chief Risk Officer in November 2021. Andrew is a Fellow of the Institute of Actuaries and holds a bachelor’s degree in Actuarial Science from the University of Southampton in the United Kingdom.
Mary Beth Conklin
About Fortitude Re
The Fortitude Re Group manages approximately $72 billion in general and separate account insurance reserves and administers over 4.5 million insurance policies. The foundations of our business model are our exceptional insurance professionals and the support of the world’s most sophisticated insurance investors, including Carlyle and T&D Insurance Group. Our people, our capital strength and our capabilities drive strategic reinsurance solutions designed to meet our clients’ highest priority goals and to create sustainable, long-term value for our shareholders, our teammates, and the communities in which we operate. For more information visit, www.fortitude-re.com and follow Fortitude Re on LinkedIn.