Bilal Zafar, formerly of Volante Global, will lead the unit, which will write treaty reinsurance across four lines with capacity from Fidelis Syndicates 3123 and 2126.
The executive has more than 30 years of experience in the industry spanning marine insurance, global insurance programmes, risk management, and multinational client servicing.
Belinda Steedman has been appointed to lead the rebranded business as parent company Ardonagh Group brings its global MGA businesses under the Orvia Underwriting brand.
The group’s solvency ratio fell to 213% in H1 2026 from 271% at the end of 2024, though a 7bn yuan (US$1.05bn) state injection is expected to buoy its position.
The proposed legislative amendment aims to ensure risks arising in the disaster insurance market are distributed more equitably between insurers and the state.
Fair value gains from lower interest rates and a favourable equity market drove the turnaround, while Fitch expects investment profits to moderate in 2026.
