Cooper Gay bolsters Latin American presence
Cooper Gay has announced that it has acquired a majority shareholding in Reinsurance.com.ar, a specialist reinsurance broker with offices in Miami and Buenos Aires.
The firm, which focuses on the Latin American treaty and facultative reinsurance market, was established in 2006 by Guillermo Pastore who will be retaining his post as chief executive officer following the transaction.
Cooper Gay chief executive officer, Toby Esser, comments: “We have worked closely with Guillermo Pastore over the past two years, and have been impressed by the commitment, professionalism and drive of his entire team.”
He adds: “I am delighted that we have moved to a majority shareholding in the company, further enhancing our ability to support the reinsurance requirements of this fast growing region.”
In July, Cooper Gay acquired the remaining 49% shareholding in Cooper Gay Do Brasil Corretora De Resseguros Ltda.
With offices in Rio de Janeiro and Sao Paulo, the unit has become a prominent operator in the Brazilian reinsurance market, following the de-regulation of reinsurance business in 2008.
The Company continues to be managed by its founder, Fabio Basilone.
Category: Companies News, Insurance News
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