Lockton receives approval for reinsurance business launch in Colombia

Lockton receives approval for reinsurance business launch in Colombia | Insurance Business New Zealand

Reinsurance

Lockton receives approval for reinsurance business launch in Colombia

It supports the firm’s growth strategy in Latin America, led by a local expert team

Reinsurance

By
Kenneth Araullo

Lockton announced that it has received regulatory approval to establish a reinsurance brokerage business in Colombia.

This marks a significant step in the company’s strategy to expand across Latin America and enhance its capabilities in the region’s growing reinsurance market.

Andrew Perry (pictured above), CEO of Lockton Latin America & Caribbean, emphasized that the company’s growth in Latin America is strengthened by this development in Colombia.

“We are committed to building out the Lockton platform to best meet client needs and attract the best industry talent as we grow,” Perry said.

Juan Pablo Uribe will head the new reinsurance brokerage in Colombia, with support from Luisa Senior and Daniela Alvarado, who both joined Lockton earlier this year.

“We are thrilled to have received regulatory approval to operate our reinsurance brokerage business in Colombia,” Uribe said.

Juan Pablo Stiefken, Lockton Colombia’s country manager, added that the firm is positioned to capitalize on the increasing demand for tailored reinsurance services.

In addition to expanding into Colombia, Lockton Re has announced the appointment of Rachel Cohn as senior broker for its newly established international casualty facultative practice. This new practice will be part of Lockton Re’s International Property & Casualty (P&C) division, which is based in London.

Cohn, who is expected to join later this month, brings extensive experience from her previous role as a senior international casualty facultative underwriter.

Lockton’s entry into the Colombian reinsurance market is expected to provide its clients with access to a wider range of reinsurance products, enhanced risk management tools, and stronger financial security.

The firm announced that it plans to work closely with local regulators, cedants, and partners to ensure a successful launch of its reinsurance operations in Colombia.

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