Aquarian Holdings has launched Aquarian Insurance Holdings to unify its reinsurance and retail insurance operations.
The company says the move aims to enhance growth and operational efficiency within the organisation. Aquarian Insurance Holdings will encompass Somerset Reinsurance, Investors Heritage, and Hudson Life, with Via Management Solutions providing shared services and technological support across these businesses.
John Frye, operating partner at Aquarian Holdings and president of Investors Heritage, along with Jeff Burt, CEO of Somerset Reinsurance, have been appointed as co-CEOs of the new entity.
Frye brings decades of experience from senior roles at Advisors Excel, Security Benefit, and General Electric, where he managed multi-billion-dollar insurance and financial businesses.
Meanwhile, Burt previously served as chairman and CEO of Somerset Re and president of Hannover Life Reassurance Company of America, overseeing over 100 structured reinsurance transactions.
Rudy Sahay, founder and managing partner of Aquarian Holdings, says: "We see opportunity within the insurance sector, and Aquarian Insurance Holdings is the next evolution of our portfolio.
"We’ll be able to leverage best practices and shared services across the organisation, specifically the technology expertise and leadership within our Investors Heritage business. All of which position us for continued growth and expansion."
