Deutsche Ruckversicherung's (Deutsche Ruck) recently established international market activities in property and casualty business across the Middle East, Asia and Latin America have been brought into closer alignment within a new International Growth Markets Division, with effect from 1 May 2026.
In a statement, Deutsche Ruck, which marks its 75th anniversary, said that it had entered the Middle East, Asia and Latin America in recent years , and expanded its market presence in these regions.
“These fast-growing global markets are playing an increasingly important role in enhancing the diversification and resilience of our overall portfolio”, said Ms Caren Büning, Executive Board Member and Chief Underwriting Officer of Deutsche Ruck. “As part of our strategic development, we have now brought all these market regions together within one new International Growth Markets Division.”
The new division will be headed by Mr Tarik Aouad. He will be responsible for portfolio management and will focus on disciplined growth and enhanced cross-regional portfolio development. Mr Aouad, who joined Deutsche Ruck in 2020 and successfully managed the reinsurer’s market entry in the Middle East and in Asia, is a highly regarded reinsurance professional and brings more than 28 years of experience.
Each region will continue to be managed by their respective market managers and teams, ensuring continuity in day-to-day market activities while strengthening collaboration, leveraging synergies, steering the portfolio, and enhancing knowledge exchange across regions. This is intended to combine extensive local expertise with a more integrated international perspective, thereby further expanding Deutsche Ruck’s ability to manage operations across markets.