Latin Re names new head of oil & gas and construction

Latin Re has announced the appointment of Diogo Costa as its new head of oil & gas and construction to further enhance its practice.

Costa brings over two decades of reinsurance industry experience to his role in the Infra & Misc team, adding depth and expertise to the firm’s capabilities.

The recruitment initiative also underscores Latin Re’s intention to boost its presence across the Latin American insurance market, aiming to enhance its influence in countries like Mexico, Guatemala, and Ecuador.

Additionally, David Fagundes has been welcomed to the Infra & Misc team as a senior specialist broker, following his tenure at one of Brazil’s largest insurance operations. Fagundes is expected to contribute to complex property placement efforts.

Marjorye Hoejenbos, who leads the infrastructure & miscellaneous department at Latin Re, conveyed strong confidence in Costa’s appointment.

“We have invested in deepening knowledge and technical expertise in the area because we understand that the coming years may present us with various opportunities in Brazil and Latin America. Our goal is to offer the best possible service to our clients, and now we have another great professional, recognized in the market,” Hoejenbos said.

Costa also expressed his enthusiasm about joining Latin Re, noting the honor of being part of a highly skilled team.

“With the recent changes in strategy in the insurance markets amid the energy transition, we have faced a growing challenge for our clients. In this scenario, they will be able to count on Latin Re’s expertise to overcome them. I am ready to achieve our goals together,” he said.

Felipe Aragão, chief commercial officer at Latin Re, commented on the enhanced specialization of the specialties team, acknowledging the evolved brokerage landscape in Latin America.

“We now have senior partners covering all major lines of business, including aerospace, maritime, energy, cyber, D&O, liability, and now oil & gas and construction,” Aragão said. “Our business partners can trust that we will find the best solutions to meet their needs.”

With a Lloyd’s license acquired in 2023, Latin Re also affirmed its role as a bridge to international markets, further establishing itself as a key player in the insurance sector within the region.

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