Jan 21, 2025

Reinsurance News The Cayman International Reinsurance Companies Association (CIRCA) has appointed Greg Mitchell of Aureum Re as its new Chair, with Faramarz Romer of Greenlight Re maned as Vice Chair of its Board of Directors. The CIRCA Board of Directors and leadership team for 2025 include Adina Lupea of CIBC Re, Eric Marhoun of Nassau Re, Janet Sairsingh of United Insurance, Gary Callaghan of Barents Re, Tyler Bent of Knighthead Annuity, and Fearghal O’Riordan of North End Re. The Board also consists of members Darryl Cardozo of RBC, Brandon Smith of Accelerant Re, Richard Zebleckas of Aspida Re, R. Cameron Leitch of Hildene Re, Peter McKelvy of Northern Re, Stephen Cernich of Talcott Life & Annuity Re, and Wang Xu of Ledger Re. David C. Self, the Outgoing Chair, transitions to a new role as part-time General Manager, to continue supporting CIRCA’s strategic initiatives and collaborating with the new Board to further the association’s mission. Self commented, “2024 was a year of firsts and successes. From the inaugural ReConnect conference, which welcomed over 430 attendees and generated significant industry interest, to the expanded Reinsurance Roundtable in NYC, our Caymanian Rising Stars Program, and the launch of the Reinsurance Insights Series, CIRCA solidified its reputation as a leader in advocacy and education for Cayman’s reinsurance sector. None of this would have been possible without our dedicated Board, volunteers, and industry partners.” Throughout 2024, CIRCA focused strongly on regulatory advocacy, through close collaboration with the Cayman Islands Monetary Authority (CIMA) to address regulatory priorities and the sector’s growth. CIRCA also aligned with the Insurance Managers Association of Cayman (IMAC)’s Regulatory Committee to advance shared industry goals and monitor US regulatory developments that may affect member companies. Mitchell commented, “In 2025, CIRCA will remain steadfast in its mandate to represent the common interests of our member reinsurance companies. Our focus will continue to be on protecting the operating environment of our members by advocating for shared positions on regulatory issues, defending and promoting our jurisdiction’s reputation when necessary, and educating the local community about the value and opportunities within the Cayman reinsurance industry. “Cayman reinsurance companies are a diverse group, and achieving CIRCA’s objectives requires a deep understanding of what truly constitutes commonly held views and interests. For this reason, I encourage our members to actively engage with CIRCA throughout the year to ensure our common ground is well-defined and effectively represented,” he added. Share this: