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Jardine Lloyd Thompson Group P.L.C. has established a reinsurance brokerage in Argentina and has recruited Matias Rosales, previously head of rival Cooper Gay Argentina, to lead the unit.
JLT Re Argentina S.A. will be based in Buenos Aires, Argentina, and will work closely with JLT operations in Brazil, Chile, Peru and Colombia, the London-based broker announced in a statement Thursday.
“I am very confident that the expertise in the local team, combined with the breadth and depth of JLT Group, will allow us to make a strong impact in the local and regional market,” Mr. Rosales said in the statement.
“We view Argentina as a strategically very important and dynamic economy,” Mike Methley, CEO of Latin America for the JLT Group, said in the statement. “This new operation is another step forward in our strategy of further building our strong presence in the region and deepening our specialty capabilities. JLT Re Argentina will help drive the continued growth and momentum of JLT's very successful Latin American operations.”