Latin America
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The capacity deal comes over a year after Dual recruited Marilena Rodriguez Forero as CEO for the region. -
Sources said the executive will report to Julian Pratt in South Florida.
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The deal would follow AJG’s regional acquisitions of THB Chile, Brazil’s Case or the Colombian retail book of Itau.
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Sources said that the businesses in Canada and LatAm were part of Everest’s original plans to sell its retail book.
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The reinsurer also hired Martin Bages as Latin America and Caribbean head.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The move marks Acrisure Re’s first investment in Latin America.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The boutique retail broker provides P&C and benefits services in the Mexican Caribbean hospitality sector.
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Rafael Diaz, Tiara Elward and Felipe Murcia will join BMS’s LatAm and Caribbean unit.
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A view into PE-fueled activity in the MGA sector, as LatAm carrier M&A accelerates.
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Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
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Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
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The Brazilian carrier grew earned premiums to over $100mn in 2024.
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This publication reported yesterday that Talanx was closing in on the sale.
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With roughly 200 employees, the South American operations generated over EUR130mn in 2024 GWP.
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The executive joined Navigators in 2010 after eight years at White Mountains Capital.
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The Miami-based executive assumes the role left vacant by April McLaughlin.
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Earlier this year, Insurance Insider US revealed that the insurers were in takeover talks.
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Separately, Caribbean market head Janine Seifert is leaving the reinsurer for BMS Re.
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The broker noted a “significant variation” in renewal outcomes.
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The move follows a recent string of initiatives for Howden in Latin America.
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Howden has been expanding its South American presence through M&A.
