Somerset Re CEO Danish Iqbal joins BILTIR’s Board of Directors

Core Points - Danish Iqbal has been appointed to the Bermuda Long Term Insurers and Reinsurers (BILTIR) Board of Directors, effective November 1, 2025 [1] - Iqbal has extensive experience in the life re/insurance industry, having held senior roles focused on pricing, valuation, risk, and ALM [3] - Somerset Re emphasizes that Iqbal's appointment reflects its commitment to supporting Bermuda's life and annuity sector and positively contributing to the local community, economy, and environment [4] Company Summary - Somerset Re has recently welcomed Danish Iqbal back to the firm, highlighting his previous role as Chief Actuary at Aspida Re, where he managed all actuarial functions and led the sale process to Ares Management Corporation [3] - The company aims to enhance its influence in Bermuda's insurance landscape through Iqbal's leadership and expertise [4] Industry Summary - The appointment of Iqbal to the BILTIR Board signifies a strategic move to strengthen the governance and oversight of Bermuda's life and annuity insurance sector [1][4] - Iqbal's diverse background in both traditional and non-traditional actuarial roles positions him as a valuable asset to the industry [3]