New York, NY and Bogota, Colombia (August 29, 2016) – International broker and risk management firm Integro today announced agreement with HR Latinoamerica Ltda. Corredores de Reaseguros (HRL) to serve as HRL’s exclusive London wholesale reinsurance trading partner. The licensing agreement grants HRL Colombia use of the Integro name and also establishes HRL as Integro’s exclusive licensee for reinsurance business in Colombia. Financial details of the agreement were not disclosed.
“This is a strategic relationship that expands and further develops Integro’s global wholesale reinsurance offerings throughout Latin America,” said John Sutton, head of Integro’s international operations based in London. “And HRL aligns with an established London broker providing access to all the London insurance markets, including Lloyd’s.”
Under terms of the agreement, HRL will continue to source reinsurance business from retail brokers and carriers in the region. Integro will act as exclusive London wholesale trading partner for this business. HRL will rebrand as Integro Andina Ltda. Corredores de Reaseguros.
“With our strong domestic growth came the realization that joining forces with a leading international broker with expertise serving the reinsurance needs of clients would be of significant benefit,” said Julian Suza, President of HRL. “Integro shares our commitment to provide unparalleled client service, and we are excited to be partnering with John and his superb wholesale reinsurance team.”
Integro has a strong Latin America reinsurance and wholesale presence via relationships with brokers in Chile, Ecuador and Costa Rica, and now Colombia and Peru.
“This agreement with Julian and his colleagues, marking our first wholesale trading relationship in Colombia, is significant for Integro,” said Chief Executive Officer William Goldstein. “An established entity in the Colombian reinsurance market, HRL is highly regarded and we look forward to leveraging that strong base in Colombia’s growing economy, and throughout South and Central America.”
HR Latinoamerica Ltda. was founded in 1996 and since its inception has played a decisive role in the reinsurance market in property lines, energy, engineering, casualty and financial lines, arriving today to be among the first three places in the raking of reinsurance brokers in Colombia. HR Latinoamerica Ltda. has transcended borders and the business operations also include countries such as Peru and Venezuela. HR Latinoamerica has its headquarters in Bogota, Colombia and is led by Julian Suza.
Integro is an international insurance brokerage and risk management firm. Clients credit Integro’s superior technical abilities and creative, collaborative work style for securing superior program results and pricing. The firm's acknowledged capabilities in brokerage, risk analytics and claims are rewriting industry standards for service and quality. Launched in 2005, Integro and its family of specialty insurance and reinsurance companies, some having served clients for more than 150 years, operate from offices in the United States, Bermuda, Canada, and the United Kingdom. Its U.S. headquarter office is located at 1 State Street Plaza, 9th Floor, New York, NY 10004. 1-877-688-8701. www.integrogroup.com
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