RFIB hires Munich Re exec

Broker RFIB Group has appointed Wolfgang Petz as head of medical reinsurance for the Middle East.

He will report to Martin Pyrke, deputy senior executive officer in RFIB’s Dubai office.

Petz joins from Munich Health, Munich Re’s global medical reinsurance arm. Most recently, he was responsible for underwriting medical business in Saudi Arabia.

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 percent 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.”