New appointment heralds LSM's ambitious plans for Latin America

25 September 2017, LONDON – Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, is refining its strategy for its Latin American treaty reinsurance operation to increase focus, alignment and efficiency in a number of specific lines and territories.

To spearhead the new treaty reinsurance operation, LSM has promoted José Ernesto Ospina, formerly LSM’s General Manager for Colombia, to the newly-created role of LatAm Reinsurance Regional Manager, where he will report jointly to Kirk Maddern, LSM’s Group COO in London, also Miguel Martinez, LSM’s Head of Reinsurance Business Development. José Ernesto was previously with the World Bank as a Risk transfer Consultant, RI manager for Allianz and R&SA in Colombia and has over 30 years’ experience in the insurance market.

Dieter Winkel, President Liberty Mutual Reinsurance (assumed reinsurance) said: “We were one of the first Lloyd’s insurers to have a physical presence in South America. Our aim was to explore the opportunities presented by the growth of these economies and to lay down a network of strong relationships with regional brokers. Eight years on we are seeking to build on those foundations by using the knowledge we have acquired to sharpen our underwriting focus and build our reputation as market makers in core areas in property, casualty and specialty.”

LSM will place the focus of its treaty reinsurance underwriting on Argentina, Chile, Colombia, Costa Rica, Mexico and Peru, and leverage its franchises in Brazil and Colombia, investing further in its regional business development programme.

LSM has two offices in Latin America: Rio de Janeiro, Brazil and Bogota, Colombia. They opened in 2009 and 2012 respectively.

For further information please contact:

Liberty Specialty Markets
Jo Williams
020 375 80640 / 07810 526029
jo.williams@libertyglobalgroup.com

Luther Pendragon
Adrian Beeby
020 761 89100 / 07879 403564
adrianbeeby@luther.co.uk