Latin Re names new head of oil & fuel and building

Latin Re has introduced the appointment of Diogo Costa as its new head of oil & fuel and building to additional improve its observe.

Costa brings over 20 years of reinsurance business expertise to his position within the Infra & Misc workforce, including depth and experience to the agency’s capabilities.

The recruitment initiative additionally underscores Latin Re’s intention to spice up its presence throughout the Latin American insurance coverage market, aiming to reinforce its affect in nations like Mexico, Guatemala, and Ecuador.

Moreover, David Fagundes has been welcomed to the Infra & Misc workforce as a senior specialist dealer, following his tenure at one in every of Brazil’s largest insurance coverage operations. Fagundes is predicted to contribute to advanced property placement efforts.

Marjorye Hoejenbos, who leads the infrastructure & miscellaneous division at Latin Re, conveyed sturdy confidence in Costa’s appointment.

“Now we have invested in deepening information and technical experience within the space as a result of we perceive that the approaching years might current us with numerous alternatives in Brazil and Latin America. Our objective is to supply the very best service to our shoppers, and now we’ve one other nice skilled, acknowledged available in the market,” Hoejenbos mentioned.

Costa additionally expressed his enthusiasm about becoming a member of Latin Re, noting the consideration of being a part of a extremely expert workforce.

“With the latest modifications in technique within the insurance coverage markets amid the vitality transition, we’ve confronted a rising problem for our shoppers. On this situation, they are going to be capable to rely on Latin Re’s experience to beat them. I’m prepared to attain our targets collectively,” he mentioned.

Felipe Aragão, chief business officer at Latin Re, commented on the improved specialization of the specialties workforce, acknowledging the developed brokerage panorama in Latin America.

“We now have senior companions masking all main strains of enterprise, together with aerospace, maritime, vitality, cyber, D&O, legal responsibility, and now oil & fuel and building,” Aragão mentioned. “Our enterprise companions can belief that we are going to discover the very best options to satisfy their wants.”

With a Lloyd’s license acquired in 2023, Latin Re additionally affirmed its position as a bridge to worldwide markets, additional establishing itself as a key participant within the insurance coverage sector throughout the area.

What are your ideas on this story? Please be happy to share your feedback under.