ConsiliumRe, the international facultative division of Direct Insurance Group, has announced that it plans to expand its operations into Miami in order to better service the Latin American market.
The London-based broker explained that the expansion would build on the significant traction that it has gained in the LatAm region since its formation 18 months ago.
Fernando Rojas Castillo, Head of International Facultative Reinsurance, will spearhead the U.S operation, based from its new Miami headquarters.
He will be responsible for growing the team over the coming months while also adding new product lines to the existing book.
“Our Miami office will become the gateway to Latin America, and so makes sense that we not only build our presence within the region, but also offer other lines of business, that are becoming more relevant for Latin America,” said David Bearman, Chief Executive Officer (CEO) of Direct Insurance Group.
“We already have a strong branch network in Latin America, extensive relationships with carriers and a global placement capability,” he continued.
“Combined with our global knowledge and experience, the Miami expansion is the perfect hub to enable further growth with both existing and new clients; opening up many new potential opportunities for the future.”
Rojas Castillo joined ConsiliumRe in 2017 and has more than 25 years’ experience in the reinsurance industry.
Commenting on his role in the planned expansion, he said: “Miami, is the principal access point for Latin American business. We intend to produce business in all classes of insurance where there is Latin American appetite; using our proximity to the territory and the contacts and knowledge we have in the region.”
ConsiliumRe places facultative business globally for lines including property, casualty, financial risks, energy & marine, and group personal accident.