Insurance Leadership

Chief Executive Officer, Aquarian Insurance Holdings
President, Investors Heritage

John
Frye

John Frye serves as Chief Executive Officer of Aquarian Insurance Holdings and President of Investors Heritage. Mr. Frye previously served as Chief Strategy Officer at Advisors Excel, a leading insurance marketing firm. He served as Chief Financial Officer at Security Benefit and its life insurance subsidiaries. Mr. Frye began his career with General Electric, where he spent 20 years in numerous senior positions at GE Capital, the company’s financial services business. He served as Chief Financial Officer for both the GE Employers Reassurance Business – a $25 billion life and health insurance business – and GE’s commercial insurance business, responsible for covering medical, municipal, special lines and catastrophic risk, as well as GE’s European fleet leasing business. 

He earned a B.A. in Finance from Michigan State University.

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General Counsel & Head of Regulatory Affairs, Aquarian Insurance Holdings

Zac Anshutz

Zac Anshutz is the General Counsel and Head of Regulatory Affairs for Aquarian Insurance Holdings. Prior to joining Aquarian, Mr. Anshutz served as AVP Compliance Distribution for Sammons Financial Group. He also served as Chief Risk Officer for two insurance distribution entities, Advisors Excel and Signal Advisors. Prior to entering the private sector, he served in various roles for the Kansas Insurance Department over a 10-year period, including General Counsel and Assistant Commissioner under the Honorable Sandy Praeger.

Mr. Anshutz graduated cum laude from Emporia State University with a BS degree and a law degree from Washburn University School of Law.

Chief Human Resources Officer, Aquarian Insurance Holdings

Rozalia Xidias

Rozalia Xidias serves as Principal and CHRO for Aquarian Insurance Holdings. In her role, Ms. Xidias leads strategic people initiatives across Aquarian’s insurance platform, driving organizational effectiveness, leadership development, and talent strategy in alignment with the company’s growth objectives. Previously, Ms. Xidias served as Americas HR Program Manager and Chief of Staff at Genpact, where she oversaw cross-regional HR transformation programs and operational excellence initiatives. Prior to that, she held key leadership roles at global financial institutions, including Global Human Resources Project Manager at UBS and Technology & Operations HR Program Manager at JPMorgan Chase, where she led enterprise-wide initiatives focused on workforce planning, change management, and HR technology innovation.

Ms. Xidias earned her MBA from Monmouth University and her BS in Finance from St. John’s University.

Principal & Head of ALM, Aquarian Insurance Holdings

Isaac Maycotte

Isaac Maycotte serves as Principal and Head of ALM at Aquarian Insurance Holdings. An actuarial executive, Mr. Maycotte has over 15 years of broad experience in risk management, ALM, valuation/financial reporting, and pricing across different insurance product lines. Before joining Aquarian, Mr. Maycotte was Head of ALM Strategy and Hedging at MassMutual and previously held various roles at global multiline insurance companies.

Mr. Maycotte is a Fellow of the Society of Actuaries, CFA Charterholder, Chartered Enterprise Risk Analyst, and Member of the American Academy of Actuaries. Mr. Maycotte holds a BS from the University of Connecticut. 

Chief Executive Officer, Somerset Re

Danish
Iqbal

Danish Iqbal serves as Chief Executive Officer of Somerset Re, returning to the company after serving as Head of Pricing and Valuation earlier in his career. Immediately prior to rejoining Somerset Re as CEO, Mr. Iqbal served as President of Neptune Reinsurance Limited (“Neptune”), a Bermuda-domiciled reinsurer integrated into Somerset Re in December 2024. As President, he oversaw the establishment of the organization’s infrastructure and ensured the entity’s licensing with the Bermuda Monetary Authority. 

Before Neptune, Mr. Iqbal was Chief Actuary at Aspida Re (formerly F&G Re). He was responsible for all actuarial functions and led F&G Re’s sale process to Ares Management Corporation. Prior to that, Mr. Iqbal was one of the early employees at Somerset Re and responsible for Pricing and Valuation. He was instrumental in growing the company from its infancy to its initial $2bn in AUM. 

Prior to moving to Bermuda, Mr. Iqbal was head of insurance and pension product development at QRM Inc., in Chicago, where he worked with numerous Fortune 500 clients. Before QRM, Mr. Iqbal held actuarial roles at Genworth Financial and Life Settlement Acquisitions, LLC. 

He earned his BMATH in Honors Statistics from the University of Waterloo. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Mr. Iqbal also holds the CFA charter. 

Chief Financial Officer, Somerset Re

Steve Belcher

Mr. Belcher brings more than 34 years of global knowledge and expertise in life and annuity insurance. Prior to joining Somerset Re, he spent 15 years at MetLife, where he most recently served as Senior Vice President, Global Controller and Reinsurance CFO, overseeing accounting and related financial reporting for MetLife’s global insurance and reinsurance subsidiaries. During his tenure at MetLife, Mr. Belcher held several senior finance leadership positions, including U.S. Controller and Global Head of Accounting Policy. Prior to that, he held senior finance leadership roles at AIG, including Global Head of Accounting Policy and Chief Accounting Officer of its global life and annuity subsidiary, American Life Insurance Company.

Mr. Belcher served as Chair of the Accounting Committee of the American Council of Life Insurers (ACLI) from 2017-2021 and as Chair of the American Institute of Certified Public Accountants’ (AICPA) Insurance Experts Panel from 2017-2019. Since June 2022, he has served as a member of the AICPA’s Finance Reporting Executive Committee. He is a CPA and holds a master’s degree in accounting from the University of Illinois Urbana-Champaign

Chief Executive Officer, Investors Heritage

Robert M. Hardy Jr.

Robert M. Hardy Jr. serves as the Chief Executive Officer and General Counsel at Investors Heritage, with over 30 years of dedicated leadership and service to the organization. Prior to Investors Heritage, Mr. Hardy worked with a Kentucky-based law firm where he developed an expertise in various corporate, securities and regulatory matters. In addition to his executive roles, Mr. Hardy actively contributes to the industry as a board member of the National Alliance of Life Companies.  

Mr. Hardy received his JD from the University of Louisville and an LLM from Georgetown University. He earned a BA from Duke University. 

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Chief Financial Officer, Investors Heritage

Larry Johnson

Larry Johnson serves as the Chief Financial Officer, Treasurer, and Executive Vice President at Investors Heritage. Before joining Investors Heritage, Mr. Johnson worked with Ernst & Young LLP as an Audit Manager, primarily serving the insurance industry. He is a member of the American Institute of CPAs and the Kentucky Society of CPAs. 

Mr. Johnson is a Certified Public Accountant and earned both an MS and a BS from the University of Kentucky.

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Chief Legal Officer, Somerset Re

Joelina Redden

Before joining Somerset, Joelina was General Counsel, Chief Compliance Officer and Corporate Secretary at Athora Life Re Ltd. and Senior Counsel and Corporate Secretary at Athora Holding Ltd. responsible for legal, regulatory, corporate secretarial, governance and compliance matters. Previously, she was Vice President, Associate General Counsel at Allied World Assurance Company Ltd and prior to that Counsel at Appleby (Bermuda) Limited where she advised on all aspects of (re)insurance-related corporate, regulatory, compliance and transactional matters. Joelina has over 23 years of experience in the Bermuda (re)insurance industry.

Joelina graduated with a Bachelor of Arts (cum laude) (Anthropology and International Development Studies) from Saint Mary’s University, Halifax, Canada. She earned a Post Graduate Diploma in Law from City St George’s University of London, England and completed the Legal Practice Course at BPP Law School, London.

Joelina has been a member of the Bermuda Bar Association since 2002.

Head of New Business Development, Somerset Re

Manisha Dias

Manisha Dias is the Head of New Business Development for Somerset Re, responsible for leading all commercial activity for the business globally and overseeing policy for underwriting and pricing. 
 
Prior to joining Somerset, Ms. Dias was Head of Partnerships at SCOR Global Life Reinsurance in Charlotte. She co-founded the partnerships business, which encompassed the development of proprietary and digitally-enabled Life product offerings, and led various teams through the growth of the business in the U.S. market. She was previously at SCOR in Toronto, responsible for new business development and cultivating an innovation footprint for the Canadian market. Prior to SCOR, she held several traditional and non-traditional actuarial roles globally across Canada, US, and Asia at John Hancock and Manulife. 
 
Ms. Dias has an Honors bachelor’s degree from the University of Waterloo. She also holds certifications as a Fellow of the Society of Actuaries, Fellow of the Canadian Institute of Actuaries, Chartered Enterprise Risk Analyst, and a Strategic Partner Leadership Professional.

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Chief Underwriting Officer, Somerset Re

Thomas Porter

Thomas Porter is the Chief Underwriting Officer for Somerset Re, responsible for overseeing the firm’s underwriting and pricing activities. 
 
Prior to joining Somerset Re, Mr. Porter served in multiple leadership roles at Hannover Re in Orlando including Head of Financial Reporting & Valuation and Lead Pricing & Structuring Actuary for Hannover Re’s financial solutions structured reinsurance, captive, and derivative transactions. Since 2005, he has been dedicated to the reinsurance industry, specializing in delivering customized, efficient, and optimized solutions that enhance capital, liquidity, earnings, and solvency.
 
Mr. Porter is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries. He graduated with a BS degree from Florida State University.

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Chief Information Officer, Investors Heritage

Andrew
Moore

Andrew Moore is the Chief Information Officer and a Senior Vice President at Investors Heritage Life Insurance Company. Mr. Moore began his career at Investors Heritage and has previously served as Director and Vice President of Information Services. Mr. Moore has led the company through multiple modernization projects enabling rapid value delivery to the company’s internal and external customers via flexible integration points and spearheads the company’s cybersecurity initiatives, ensuring robust protection of customer data and corporate information systems.

Mr.Moore earned an MBA. from the University of Louisville and a BS from Centre College.  

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Senior Vice President, Sales and Distribution, Investors Heritage

Garth Waterfield

Garth Waterfield is the Senior Vice President of Sales & Distribution at Investors Heritage Life Insurance Company. Mr. Waterfield began his insurance career at Investors Heritage and has previously served as VP Agency and Director of Agency Sales & Support. Mr. Waterfield has overseen the growth of the sales and distribution through relationship building with our independent marketing organizations and producers.

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Senior Vice President of Client Operations, Investors Heritage

Kate Montgomery

Kate Montgomery serves as the Senior Vice President of Client Operations at Investors Heritage. Ms. Montgomery started in a management trainee position with Investors Heritage in 2004 with a focus on operations, administration, and client services.   She was the Vice President of Policy Services and then transitioned to the role overseeing Client Operations in 2020, with oversight of all client facing teams.  Ms. Montgomery was promoted to Senior Vice President in January of 2023. 

Mrs. Montgomery graduated from the University of Kentucky with a BA, cum laude. 

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Chief Actuary, Investors Heritage

Wen Liu

Wen Liu is the Chief Actuary and a Principal at Aquarian Holdings. Previously, Mr. Liu was a Senior Consultant at Oliver Wyman. He was an Associate Vice President and Actuary at Vantis Life, and an Actuary at ING.

Mr. Liu earned his BSc from the University of Toronto.

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