Liberty Mutual Re Launches Reinsurance Operation Within Lloyd’s Mexico

LONDON, England, May 23 -- Liberty Specialty Markets, a specialty and commercial insurance and reinsurance provider, which is a part of Liberty Mutual Insurance Group, issued the following news release:

Liberty Mutual Reinsurance the reinsurance arm of Liberty Specialty Markets, announced today that it has launched a reinsurance operation under Lloyd's registration in Mexico to serve clients in Mexico and Central America.

The operation will be headed up by Rosa Flores, General Manager, who joins from agribusiness technical consultancy Green Mex where she was CEO. Prior to Green Mex she worked for Willis Towers Watson as Head of Treaty for Mexico where she spent eight years in total. Rosa has over 18 years' experience in the Mexican market, her specialism is agribusiness and catastrophic perils. She reports to Jose Ernesto Ospina, Latam Regional Manager in Colombia and will work closely with the underwriting team in Europe and Colombia.

The Mexico reinsurance team will provide property, casualty and specialty treaty reinsurance solutions, which will be underwritten by Liberty Mutual Re in Europe.

Miguel Martinez, Head of Business Development at Liberty Mutual Re said: "Mexico is the largest reinsurance market in Latin America. Liberty Mutual Re did not have local representation for treaty reinsurance business until now, and establishing a local operation within Lloyd's shows our commitment to our Mexican clients and the importance we place on this market. It will add to our presence in Brazil and Colombia in the region. We have known Rosa for a number of years and are delighted that she has joined LM Re to be our local representative for the Mexican and Central American Market."

The launch of the LM Re business in Mexico is another key step in the strategy to grow its global business and demonstrates the importance of Latam to the business.