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Home›Insurance›Industry & Deals›Florida Re CEO Alvaro Ortiz resigns

Florida Re CEO Alvaro Ortiz resigns

Florida Re plans to begin writing business by the end of 2025, with capital provided through a cash contribution from its owner.

Reported · Written up by our desk · Industry & Deals

Alvaro Ortiz has resigned as CEO of Florida Insurance and Reinsurance Company, also known as Florida Re, according to Coverager.

Ortiz said he helped build and grow the company and pointed to its ratings from Demotech and AM Best.

In his resignation remarks, he thanked Florida Re’s owners, the Kumar family, along with the Florida Re and MNK Group teams, and said he is moving on to a new chapter focused on fresh projects and opportunities.

Coverager also reported that Florida Re plans to start writing business by the end of 2025, and that the company was capitalized through a cash contribution from its owner.

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Sources

CoveragerFlorida Re CEO Alvaro Ortiz resigns

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