Florida Re CEO Alvaro Ortiz resigns

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

Ortiz said he helped build and grow the company from the ground up and highlighted its ratings from Demotech and AM Best. He thanked Florida Re’s owners, the Kumar family, as well as the Florida Re and MNK Group teams.

“I now look ahead with great enthusiasm to a new chapter focused on fresh projects and opportunities,” Ortiz said.

Ortiz did not disclose his next role.