Rashad Safarov

Led the Reinsurance Division, with full responsibility for outward, inward, reinsurance claims, reporting, and portfolio performance.

Designed, structured, and placed outward reinsurance programs (Property Risk XL, CAT XL, ), including retentions, limits, MDPs, and reinstatements.

Headed the Inward Reinsurance function, underwriting and managing treaty and facultative acceptances in line with risk appetite and capital constraints.

Managed annual reinsurance renewals, from data preparation and market submissions to quote evaluation, negotiation, and final placement.

Led reinsurer and broker relationships across international markets (Europe, London market), acting as the main point of contact for senior negotiations.

Oversaw CAT exposure management, PML analysis, accumulation control, and stress testing to ensure capital and solvency adequacy.

Monitored portfolio performance and profitability, including loss ratios, pricing adequacy, exposure trends, and reserve development.

Coordinated responses to rating agencies, auditors, and regulators, providing technical reinsurance, capital, and risk explanations.

Developed and enforced reinsurance policies, underwriting guidelines, and governance frameworks.

Supported company growth by aligning reinsurance capacity with underwriting plans and long-term strategic objectives.

Managed and mentored the reinsurance team, ensuring technical quality, market discipline, and professional development.