NormanMax Insurance Holdings, a US domiciled parametric insurer and reinsurer, has hired Alvaro Espinel Pardo as a Vice President to lead its strategy and development in both Latin and South America.
Espinel Pardo joins the company on March 23rd, 2026, and will report to Nick Griffiths, who joined the parametric re/insurer last year as Chief Revenue Officer.
Most recently, Espinel Pardo worked at parametric InsurTech firm Blue Marble as LatAm Business Development Manager. Prior to this, he spent six months with reinsurance broker Gallagher Re as Sales Manager, Bolivia, which followed more than two years with Gallagher as Sales Manager.
Earlier in his career, Espinel Pardo spent more than two years with WeWork, and also worked at Aqua Expeditions, BNP Paribas Cardif, Citi, and Rimac Seguros y Reaseguros.
This appointment in Latin and South America comes at a time of expansion for the firm, having acquired parametric flood insurer, FloodFlash, last year, alongside making a number of other appointments.
Brad Meier, CEO of Norman Max, stated, “I’m super excited to have Alvaro join the Norman Max team, as I’ve found he combines sharp analytical thinking with a practical, solutions driven approach. He moves quickly, understands what matters commercially and brings the kind of energy and professionalism that will help drive our business forward.”
