RFIB Group Limited, the international Lloyd’s insurance and reinsurance broker, has announced the appointment of Wolfgang Petz as Head of Medical Reinsurance for the Middle East. He takes up his position with immediate effect reporting to Martin Pyrke, Deputy Senior Executive Officer in RFIB’s Dubai office.
Wolfgang brings over 25 years’ of medical insurance and reinsurance experience to RFIB and has worked for over a decade in senior positions in the Middle East. He joins from Munich Health, Munich Re’s global medical reinsurance arm. During his time with Munich Health, where he was latterly responsible for underwriting medical business in Saudi Arabia, Wolfgang obtained a deep understanding of the medical insurance and reinsurance requirements of insurers around the globe and especially in the Middle East and brings with him the technical understanding required to secure profitable business for RFIB’s markets.
Jonathan Turnbull, Chief Executive Officer of RFIB said: “Wolfgang has built an exceptional reputation in the Middle East based on his expertise, market knowledge and a focus on providing innovative reinsurance solutions. The Middle East represents an area of tremendous growth potential and we have the team in place to support our clients and partners and to become the broking partner of choice for specialist insurance products in the region. “Medical business accounts for about 30% of insurance premiums in the region and Wolfgang is the ideal person to develop medical reinsurance programmes for our growing number of clients in the Middle East. I am delighted to welcome him to the team.”