Lockton Caribbean & Central America (CCA) has launched the region’s first Food, Agriculture & Beverage (CCA FAB) insurance broking practice.
The new Food, Agriculture & Beverage practice within Lockton CCA, the Miami-based wholesale re/insurance operation focused on the region, within Lockton’s Latin America and Caribbean Insurance Services Series (LACIS).
Working as a wholesaler, CCA FAB will deliver innovative and tailor-made insurance solutions designed for companies at all points along the value chain of the food, agriculture and beverage industries.
Among other potential offerings, these include bespoke liability insurance and contract review, crop insurance, stock throughput solutions, product liability and recall insurance, reputational damage insurance, and financial and professional coverages.
Insurance industry veterans, Simon Arden and Mario Martinez have been named as co-leaders of CCA FAB. They will jointly report to Julian Pratt, CEO of Lockton CCA, and Tony Matta, President of CCA.
As co-leaders, Arden and Martinez will work closely with Lockton’s global Food, Agriculture & Beverage practices in both London and the United States to help food, agriculture and beverage industry companies effectively manage their risk.
“As the food, agriculture, and beverage sector in the Caribbean and Central America grows and evolves, businesses need tailored advice from brokers who understand the industry and the region,” Arden said.
Adding: “Lockton CCA is excited to help deliver outside-the-box thinking and problem-solving to help industry participants manage their most critical operational, financial, and reputational risks and build competitively priced and responsive insurance programs.”
