Danish Iqbal Named CEO of Somerset Reinsurance
HAMILTON, Bermuda, March 26, 2025 (FINANCE INTERVIEWS) – Reinsurance company Somerset Reinsurance Ltd. has appointed Danish Iqbal as Chief Executive Officer, effective April 30, 2025. Iqbal succeeds Jeff Burt, who will transition to co-CEO of Aquarian Insurance Holdings, Somerset Re’s parent company. According to the company, the two will share co-CEO responsibilities during the transition period.
Iqbal previously served as President of Neptune Reinsurance Limited, a Bermuda-based reinsurer integrated into Somerset Re in December 2024. In that role, he led the development of the organization’s infrastructure and its licensing process with the Bermuda Monetary Authority. He has also held leadership roles including Chief Actuary at Aspida Re, where he oversaw actuarial operations and managed the company’s sale to Ares Management Corporation.
Earlier in his career, Iqbal was Head of Pricing and Valuation at Somerset Re. He is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and a CFA charter holder. He holds a BMATH in Honors Statistics from the University of Waterloo.
"It’s an honor to be selected as CEO for Somerset Re. My focus will be to continue building Somerset Re into the go-to global reinsurance partner for the life and annuity market by delivering creative, capital efficient solutions to our clients," said Danish Iqbal, Chief Executive Officer, Somerset Reinsurance Ltd.
"I can’t imagine a better person to take over this role. I’ve worked with Danish for many years and know the company is in great hands," said Jeff Burt, Co-Chief Executive Officer, Aquarian Insurance Holdings.
Somerset Re specializes in providing reinsurance solutions for life insurance and annuity companies. The company offers support for new business, legacy block management, and capital-driven strategies to meet client needs. Somerset Re was ranked No. 1 in the Business Capability Index (BCI) by NMG Consulting in its 2023 U.S. Structured Financial Solutions study for the Asset-intensive Segment.
For more information, visit www.somersetre.com.
Source: Somerset Reinsurance Ltd.
