David Avasthi

David Avasthi

Managing Director, and Chief Underwriting Officer

David holds a Bachelor’s degree in Economics and Political Science and an MBA in Investment and International Finance.

He began his career in M&A structuring with a leading Wall Street firm before moving into insurance. Over the past several decades, David has led new product development and underwriting for Credit, Political Risk, E&O, and Worker Protection programs at AIG, Cigna, Unistrat, and Dubai Insurance, based out of New York, Miami, Paris, Brussels and Dubai.

He was also a member of Munich Re’s Innovative Business Solutions Team in Princeton and Munich, underwriting specialty lines. David has further experience as an insurance and reinsurance intermediary and consultant with MDB Re in Brussels, Aon and SterlingRisk in New York.

In the UAE, David has been instrumental in the design and implementation of the UAE Ministry of Human Resources and Emiratization’s Worker Protection Program, as well as National Unemployment Scheme covering all workers in the UAE and across major Free Zones.

Today, David continues to advise government entities across the region on national programs spanning insurance, commerce, environment, and social policy, and assisting Insurers in widening their product offerings by advising on underwriting terms and conditions to capture new markets.