At the event of the launch of the commencement of their joint venture in South Africa, the management of Aspen Re and Mearc introduced to the market Emil Issavi (President and Chief Underwriting Officer, Aspen Re), Peter Emblin (Managing Director – Latin America, Middle East & Africa and Head of Casualty, Aspen Re) and Abdallah Balbeisi, (Head Middle East and Africa, Aspen Re). The event took place on the 13th of April, at the Johannesburg Country Club.
Aspen Re are specialists in property, specialty and casualty reinsurance with a dedicated underwriting team that will focus on both proportional and excess of loss treaties, with the local support of Mearc within South Africa. They also offer facultative capacity on an excess of loss basis across property, engineering and energy.
Aspen Re is part of Aspen Insurance Holdings Limited, a global insurance and reinsurance company whose success is built on financial strength, the insight of its people and a customer-first philosophy.
Aspen Re describe their core strengths as:
• Specialised Underwriting skills and capacity
• An understanding of local markets supported by global expertise
• Ability to interpret our clients’ specific needs
• Long-term relationships with clients and brokers
• Significant per risk and catastrophe capacity
• Ability to offer multi-line and bespoke solutions
MEARC offers Lloyd’s security and underwriting expertise that is both licensed and registered in South Africa, with local knowledge and underwriting skill. MEARC and Aspen Re offer Property and Casualty reinsurance solutions for the South African market. This broad appetite, mixed with the local insight of MEARC, provides an expansive and informed approach to reinsurance needs. MEARC is a registered Financial Services Provider (FSP) (license # 45302) and an accredited Lloyd’s Open Market Correspondent (OMC).
Mark Haken (F.C.I.I., F.I.I.S.A) a director of Mearc currently manages MEARC Consulting, and MEARC Management, as well as Cotswold Consulting. Mark has been involved in many aspects of the (re)insurance business in South Africa, as well as having established and run a local reinsurance broking business, Cotswold Reinsurance Services.
Tony van Niekerk, COVER Editor