Lions Gate hires former Folksamerica exec to target surety in LatAm

Lions Gate Underwriting, an independent underwriting agency and Lloyd’s coverholder, has appointed Jairo Medina as head of surety and executive vice president for Latin America. He will be based in Miami and work on expanding Lions Gate’s existing portfolio of products into the surety space.

Medina brings over 35 years’ surety bond experience to Lions Gate. Most recently, since 2006, he has served as president of Surety Bonds Underwriters Group. Prior to that, he was vice president at Folksamerica Reinsurance Company in Miami for seven years, focussing on surety solutions and joining from Confianza Insurance Company in Colombia, where he worked for 14 years.

Pilar Peralta-Ramos, head of Latin American financial lines at Lions Gate, said: “At Lions Gate, we have been looking to expand our current portfolio, investing in products and people. Jairo’s extensive experience in and rare insights into the surety bond market will contribute significantly to Lions Gate’s business in Latin America, with clients benefitting from the added expertise of a widely recognised market leader in the field. We therefore look forward to welcoming Jairo to the team.”