Transatlantic Holdings, Inc. (TransRe) is to merge its North American and Latin American divisions into TransRe Americas, as part of a leadership transition that includes the retirement of Javier Vijil from his executive role after 26 years with the firm.
Vijil founded the reinsurer’s Latin America & The Caribbean division when he opened its Miami office in 1993. He will continue to serve the firm as Non-Executive Chairman of TransRe Latin America, as well as remaining on the Board of the company.
TransRe group President and Chief Executive Officer (CEO), Mike Sapnar, said: “Javier has been an institution at TransRe since before I joined. I have always relied on his advice, and he is more than just a colleague – he is a mentor and I am proud to say a friend.
“I am delighted that he has accepted an ongoing role, both as a Director of TransRe and as our non-executive Chairman for Latin American and the Caribbean.”
The new TransRe Americas unit will be led by Ken Brandt as President. Sapnar, commented on this: “Javier and I have worked closely with Ken for the past thirteen years. Ken has travelled extensively in the region, and as a Senior Executive and Board member, is very familiar with the portfolio and its importance to TransRe.”
To replace Vijil as President of Latin America & The Caribbean, the firm has hired Jorge Beltran, who rejoins the firm after spending almost 12 years with Validus Re. He has previously held leadership roles at Liberty Mutual, SCOR, and Swiss Re.