Cooper Gay launches reinsurance unit in Uruguay
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Cooper Gay Swett & Crawford Ltd. on Wednesday said it has launched Cooper Gay Uruguay to place facultative and treaty reinsurance for personal, health, property and casualty lines for insurance companies in the region.
Montevideo, Uruguay-based managing director Maria Ferrari will head up the operation, London-based reinsurance broker Cooper Gay said in a statement. She will report to Cooper Gay's regional headquarters in Miami, according to the statement.
Ms. Ferrari has more than 20 years of experience in the local and regional reinsurance markets, according to the statement.
“The launch of our Uruguayan operation will enable local clients to access the extensive global knowledge and expertise of Cooper Gay,” Ms. Ferrari said in the statement. “Fulfilling the needs and expectations of the Uruguayan market will be a challenge, but by blending international expertise with in-depth local knowledge we will provide innovative solutions for our clients.”
Montevideo-based Cooper Gay Uruguay is the company's latest endeavor to expand into Latin American markets. On Nov. 24, Cooper Gay announced the creation of a Latin America energy practice group based across the company's nine Latin American offices to provide facultative and treaty reinsurance for regional businesses in the oil and gas exploration and power generation sectors.
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