Lloyd’s has made Yelhis Hernandez as its market development manager for Central America.
According to the firm, Hernandez has been its country manager in Mexico since September 2019. In her new role, she will also be responsible for developing access to Lloyd’s across the entire Central America region (which includes Belize, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua).
Daniel Revilla, regional head of Lloyd’s in Latin America and the Caribbean, said: “I am delighted to announce Yelhis’ promotion to the role of Market Development Manager for Central America, where she will deploy her industry knowledge and expertise to support our customers and market participants across the region. As the world’s biggest insurance and reinsurance market, Lloyd’s is uniquely positioned to help customers across Latin America and the Caribbean. I look forward to working with Yelhis as we continue to realise this potential.”
Hernandez was a business development executive for Lloyd’s in Latin America and has more than 20 years of (re)insurance sector experience. She has spent the last ten years working in a variety of roles, including risk management, mergers, and acquisitions (M&A), strategy and business development, in different markets across Latin America, including Argentina, Venezuela, Brazil, and Mexico. Before joining Lloyd’s, she was chief operations officer for WTW in Mexico.
Hernandez said: “At a macro-level, insurance penetration across Central America remains low, and many countries have very large insurance gaps. Countries across the region are exposed to complex risks – many of which are caused by natural disasters such as earthquakes and extreme weather, but there are also man-made threats like civil conflict, social unrest, and sovereign debt to consider.”
She added: “There is a great opportunity for Lloyd’s to support the local market and customers by helping to close the insurance gap in Central America.”
