Lloyd’s plans to set up an office in Miami to support business development in the Latin American and Caribbean markets.

“Latin America is a key market for Lloyd’s, with premium close to US$1.5 billion,” said Daniel Revilla, regional head, Latin America, and country manager, Mexico, in a letter issued to clients this week.

Lloyd’s currently has offices in Brazil, Colombia and Mexico, and there are more than a dozen service companies

and coverholders servicing the Latin American and Caribbean markets from Miami, he noted.

In addition to opening the Miami office, Revilla said, Lloyd’s also will be taking additional steps to strengthen its presence in the Latin American and Caribbean markets, including the following:

• Yelhis Hernández will be appointed Mexico country manager (subject to regulatory approval). Hernández has been with Lloyd’s for almost two years and has been instrumental in supporting market development across the Latin American region based in Mexico City.
• Following Juan Carlos Realphe’s decision to leave Lloyd’s, recruitment for a new Colombia country manager has begun. The role will be expanded to increase market development activity across Spanish-speaking South America.
• Valdir Serra will be strengthening the Latin America market development effort. He has been with Lloyd’s for eight years and is currently the market development executive and analyst for Brazil.

Revilla said he will continue leading the Lloyd’s team across the region from the new office in Miami. “…I am sure these changes will allow us to more effectively support the Lloyd’s market development in the region.”

Source: Lloyd’s of London

*This story appeared previously in our sister paper Insurance Journal.