Latin America

Oneglobal names Daudt as CEO for Latin America

Oneglobal Broking has continued its raid on former JLT employees by appointing Nicolau Daudt as CEO for Latin America.

IRB Brasil Re moves from clean-up to fix phase ahead of return to growth in 2022

IRB Brasil Re has said 2021 will see the company navigate through its “fix” phase following a clean-up of the business, with the reinsurer targeting a return to growth in 2022.

Argo’s Brazil business still on hunt for new CEO as interim head Pereira joins Sompo

Argo’s Brazilian insurance business remains on the hunt for a permanent CEO after Bruno Pereira, who took up the role on an interim basis in December, left to join Sompo Seguros, The Insurer has learned.

AM Best: No changes to ratings of Mexico City Metro’s lead insurer GMX

AM Best has not made any changes to Grupo Mexicano de Seguros (GMX)’s ratings even though the carrier is facing possibly significant losses owing to its position as the lead insurer of Mexico City’s subway system.

Former BTG, Argo and Berkley execs revamp Brazil’s Seguradora Invest to launch Kovr

The former president of BTG Pactual Seguradora and the previous Brazilian heads of Argo and Berkley’s insurance operations have partnered with Seguradora Invest and rebooted and rebranded the 45 year old company into a technologically-driven and efficiency-focused new platform called Kovr Seguradora, The Insurer has learned.

Special Division adds two Aon execs to Buenos Aires operation

Latin America-focussed (re)insurance broker Special Division has strengthened its home office in Argentina with the hires of Esteban Vairetti and Juan Pablo Pividori from Aon.

OdysseyRe’s Zuñiga named LatAm and Caribbean fac and agro CUO

OdysseyRe has promoted Alejandro Zuñiga to chief underwriting officer for its Latin America and Caribbean facultative and agro business.

Marsh Chile adds Axa XL’s Orellana as specialty head

Marsh’s has strengthened its team in Chile with the hire of Fernando Orellana as head of specialty from Axa XL.

Guy Carp’s Phillips denied preliminary injunction against Willis Re

Former Willis Re Latin America and Caribbean chairman Anthony Phillips, who joined Guy Carpenter in November along with over 20 other brokers, has been denied a preliminary injunction against his former employer.

WTW Americas fac head Tosti latest to exit

Willis Towers Watson (WTW)’s head of North and Latin America for global fac Antonio Tosti has become the latest senior departure from the intermediary’s Florida operations, The Insurer understands.

Volcanic eruption spurs CCRIF $2.21mn grant to St Vincent and Grenadines

CCRIF has issued a grant of $2.21mn to the Government of St Vincent and the Grenadines in the wake of the eruption of the La Soufrière Volcano.

Price Forbes hires Probitas’ Anguiano in LatAm growth drive

Price Forbes has hired former Lloyd’s Mexico country manager Gabriel Anguiano as a director for its Latin American operations.

Brazil’s insurance regulator closes IRB special inspection

IRB-Brasil Resseguros has announced that Susep, Brazil’s insurance regulator, has unanimously decided to approve the closure of its special inspection of the reinsurer.

IRB chair Cássio dos Santos steps down as interim CEO

IRB Brasil Re has announced that chairman Antônio Cássio dos Santos has stepped down as interim CEO of the Brazilian reinsurer.

Marsh’s Argentina and Uruguay CEO Guerrero linked with Lockton after exit

Marsh’s country corporate officer and CEO for its operations in Argentina and Uruguay Alejandro Guerrero has left the company and been linked with a move to rival Lockton as part of its expansion in the region, The Insurer can reveal.

MNK Re launches Miami operation with BMS’ Montoya

Lloyd’s broker MNK Re has hired former BMS director Nicolas Montoya to launch a Miami-based operation to target growth in Latin America and the Caribbean.

Lockton to make Chile move after recruiting ex-Marsh country CEO Claro

Lockton is poised to enter the Chilean insurance market having hired Marsh’s former CEO in the country Mario Claro and a group of his former colleagues, The Insurer can reveal.

New Dawn Risk hires Guy Carpenter’s Sicard for LatAm expansion

Broker New Dawn Risk Group has hired Guy Carpenter’s Manuel Sicard to lead the company’s expansion into Latin America.

Former The Hartford LatAm exec launches Patria-backed MGA Defense Re

Former The Hartford executive Charles Juarbe has launched a new MGA called Defense Re to write a range of financial lines and commercial reinsurance coverages with capacity from Mexican reinsurer Patria Re, The Insurer can reveal.

LSM names CUO and COO for US and Latin America

Liberty Specialty Markets (LSM) has appointed Manuel Moreno as chief underwriting officer and Heath Merrill as chief operating officer for the US and Latin America.

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