Specialty MGA UK has announced the appointment of Victor Navarro (pictured) as senior vice president to bolster its operations in Latin America.
Navarro brings three decades of industry experience to his new role, where he will oversee the property, energy, and engineering sectors for Specialty MGA in Latin America and the Caribbean, operating from the company’s Miami office.
Navarro's career began at Royal Sun Alliance, focusing on construction policies, and includes significant tenures at various firms, notably AIG, where he served as chief reinsurance officer.
In his new role, Navarro will focus on accelerating Specialty MGA’s rapid expansion, enhancing client offerings, broadening territorial coverage, and elevating market recognition. He is also tasked with expanding his team in response to increasing market traction and the need for further expertise.
“We’re delighted to welcome Victor to the team and given the growing demand for specialist insurance solutions his experience in the industry will be invaluable,” Specialty MGA UK group chairman Manoj Kumar said. “There is currently a real need for more capacity. I know Victor will help us deliver that for clients and maintain our remarkable growth so far.”
“Specialty MGA has a fantastic offer to make to clients, and I’m hugely excited to help the team reach out and offer much-needed support,” Navarro said. “For too long traditional markets have taken a ‘cookie-cutter’ approach to risk, that makes them selective about what they’ll insure, and avoid complicated risks. Our offer is entirely different, will unlock capacity in a constrained market, and will help businesses across the region access quality and innovative products.”
Earlier this year, Specialty MGA UK also appointed Dermot Dick as senior underwriter for energy.
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