Reinsurance News

Lloyd’s Syndicate Probitas 1492 launches in Mexico

29th January 2018 - Author: Luke Gallin

Probitas 1492 has become the first Lloyd’s Syndicate to open in Mexico, joining the Representative Office of Lloyd’s in Mexico.

probitas-1492-logoThe regional office will serve the wider Latin American region, and will initially focus on providing facultative reinsurance for casualty and property business.

The strategy will be led by Gabriel Anguiano, who will work between London and Mexico, and who is joined by Property Underwriters, Roberto Gómez and Jocelyn Naranjo. While Lorena Solís completes the team as a Casualty Underwriter.

Anguiano, Head of Strategy & Business Development for Latin America, commented; “We’re really excited to be opening the regional office, as part of our continued strategy to get closer to the source of business and further penetrate Latin America. We see this as a major step in establishing a local presence, with local people, local knowledge, local wordings in the local language. We see our presence in the region as a vital component in providing outstanding levels of service. The support we have had from cedents and brokers to date has been very encouraging. The new team is looking forward to continuing to develop and reinforce these relationships.”

Probitas’ London-based Chief Underwriting Officers (CUO) Jon Foley and Neila Buurman, will provide full technical underwriting support.

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Probitas 1492 Chief Executive Officer (CEO), Ash Bathia, commented; “We are delighted to be the first Lloyd’s syndicate to build a local presence in Mexico to service the Latin American markets. This is a long term strategic play for Probitas and underpins the syndicate’s commitment to the region.”

Lloyd’s Regional Head for Latin America and Lloyd’s Representative in Mexico, Daniel Revilla added; “Mexico is the largest source of premiums for Lloyd’s in Latin America, accounting for nearly a third of the region’s total premium. Having Probitas develop a local presence is fully aligned with Lloyd’s strategy in Latin America. Close proximity to local (re)insurance stakeholders will allow Probitas to conduct business that would not otherwise flow through the Lloyd’s market.”

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