Latin Re has announced the creation of a new clients & markets division as part of its strategy to expand global operations and enhance its market presence.
The division will be led by Marjorye Hoejenbos (pictured above), a key executive and partner at the company, and will focus on leveraging business intelligence tools to strengthen relationships with key clients.
Hoejenbos said the new division will analyze the company’s client portfolio with a long-term outlook, planning strategies over a five- to 10-year horizon.
The division will work alongside Latin Re’s specialty and operations teams, adopting a data-driven approach to business development.
In 2024, the Brazilian reinsurer marked its fifth year in business by hosting an event in São Paulo. The gathering drew over 500 attendees, including insurers, brokers, and other industry participants from more than 10 countries.
As part of the celebration, Latin Re also reflected on its significant expansion since its founding. In 2023, the company reported a 50% growth, driven by new business deals and an expanded specialties team to meet client needs.
However, despite positive bottom-line results in 2023, driven by high interest rates and robust investment income, challenges persist in Brazil’s segment. AM Best maintained a negative outlook on Brazil's reinsurance market in mid-2024, citing factors such as regulatory constraints and limited international diversification.
As part of its global expansion strategy, Latin Re has also named Leticia de Ferrari as head of international relations – Europe. The move follows the company’s designation as a Lloyd’s Broker in 2023, strengthening its presence with Lloyd’s of London and European reinsurers.
Based in the Netherlands, de Ferrari will be responsible for expanding Lloyd’s capacity in Brazil and developing relationships with European market participants.
Latin Re said that these latest initiatives align with its 10-year strategic plan, which emphasizes data-driven decision-making, enhanced communication, and the expansion of global capabilities.
