Swiss-based reinsurer Echo Re has announced it is expanding its Latin America & Caribbean underwriting footprint with the appointment of Bruno Krenboeck and Ariadna Garcia.
Based in Zurich, Switzerland, they will both support the further development of Echo Re’s portfolio together with Hugo Cardona acting as Regional Advisor.
Commenting on the appointments Paul Hertelendy, CUO of Echo Re, said: “We are very pleased to welcome Bruno and Ariadna to Echo Re’s growing underwriting team.Both have a proven track-record in building a well-diversified reinsurance portfolio in the region and share Echo Re’s long-term underwriting strategy.
“Thanks to Hugo’s in-depth market knowledge and experience Echo Re has built a profitable portfolio in the last four years. We are convinced that with the arrival of Bruno and Ariadna we will further raise our profile and footprint in this important region.”
Krenboeck is a very experienced and well-connected reinsurance market executive with over two decades of experience in the Latin American reinsurance market.
He has previously served as Regional Market Leader Latin America for AXIS Re, a role he held for more than ten years. In this role, he had been working together with Garcia who joined the Latin America Underwriting team of AXIS Re in 2017.
Since then she has held a number of roles, including Underwriting Assistant Credit&Bond, Property Underwriter LatAm & Southern Europe, and Casualty Underwriter, her most recent role before joining Echo Re.
Fabian Pütz, CEO of Echo Re said: “In line with our strategic mandate to diversify the DEVK group’s reinsurance portfolio with exposure from outside Europe and USA/Canada, we see Latin America and the Caribbean as integral and pivotal parts of our underwriting activities.
“In light of the current market conditions, we are positive that Echo Re’s consistent underwriting appetite together with the expansion of the team does offer opportunities to further build and grow our underwriting franchise in the future.”
He added: “Being part of a large mutual insurance group does give us the commitment and the flexibility to increase the portfolio contribution during the upcoming renewals if we feel that the terms and conditions give us comfort to do so.”
