German reinsurer Deutsche Rückversicherung AG (Deutsche Rück) has announced plans to start writing business in Latin America, with a focus on traditional property and casualty business.
As part of this expansion, the Düsseldorf-based firm has appointed Florian Kummer as Head of Latin American Markets, effective from 1 December 2020.
Kummer has 25 years’ experience in the reinsurance industry, and has worked in Mexico City, Madrid, São Paulo and Miami, among other places.
As Managing Director for the Latin American markets he will report to Board member Achim Bosch.
“We are very pleased to have Florian on our team,” said Bosch. “His knowledge and experience will greatly contribute to our ability to share our expertise with local and regional insurance companies in the vibrant Latin American markets.”
“Hundreds of thousands of small and mid-sized businesses, as well as a growing and dynamic middle class, are the lifeblood and economic backbone of Latin American societies,” added Kummer.
“This is precisely where our specialist skills and knowledge lie. We and our partners maintain a strong regional focus based on intimate knowledge of the markets we serve.”
Back in September 2020, Deutsche Rück announced similar plans to expand into the Middle East market.
