David
Avasthi

Team Leader

Dubai

During the course of his career, including senior underwriting management roles in AIG, CIGNA, Crum & Foster, UNISTRAT, and Munich Re, he has been instrumental in not only the design of products, but also the placement of relevant reinsurance (treaty and facultative) to increase capacities offered on these products; and an active proponent of devising new capital market solutions to credit enhancement and financial guarantee activities of insurance companies in the United States and Europe.​

​David has implemented his strategy as Executive Manager of Dubai Insurance Co. (DIC) since 2008, continuing underwriting, placement and consulting activities in the field of traditional as well as cutting edge product design and risk management solutions via bilaterally exclusive treaties for Credit Insurance, Worker Protection Programs, including WPP and ILOE, for the UAE Ministry of Labourand UAE Free Zones, D&O, Med Mal and Misc. PI prods.​

David played a major role in DIC’s rating process, setting up its call center, increased its broker relationships from​

around 25 to over 130 as well as supervised DIC entrée into the Abu Dhabi market.​

​Now as Managing Director and Chief Underwriting Officer of Adeptive MEASA Capital Management, David will continue implementing the strategy with a broadened product portfolio on behalf of other Insurance Companies in the GCC.​

  “Our approach combines global insight with local expertise to support long-term, sustainable partnerships.”

David Avasthi