Pioneer targets Latin America with new office and hires

Pioneer Underwriters has launched a new business in Latin America. It has opened a regional hub in Mexico City and appointed four senior insurance professionals as senior vice presidents.

According to the company, the move is consistent with its strategy to access local business that is placed in the local markets and will be complementary to its established international facultative underwriting operations in London.

The team will initially target property and casualty business, based in Mexico City, and will report to Graeme Rayner, Pioneer’s group director of underwriting.

Rogelio Diaz, who has 22 years of experience in the Latin American market and formerly served as facultative chief underwriting officer Latin America & Caribbean at Odyssey Re, has joined the team.

Working alongside Diaz will be Gabriel Buzo who, with 12 years of experience managing his line of business in the region, was formerly head of financial lines and liability across the Latin American region at Odyssey Re.

The duo will be joined by Paola Benitez who has 15 years’ experience in various areas of both insurance and reinsurance and is former Latin American head of general casualty and financial lines at Reasinter. The team is completed by Salvador Hernandez who brings with him 36 years’ experience and is former Latin American Territorial Leader at Gen Re.

Darren Doherty, chief executive officer at Pioneer, said: “Our expansion into Latin America is another landmark in the development of the business. The team will add to our existing capabilities in the region and bring Pioneer’s capabilities closer to clients and local brokers. The Latin American team’s credentials speak for themselves and I’m delighted to welcome them to Pioneer.”

Diaz commented: “Pioneer’s unique operating model and innovative culture provides a great platform from which to trade going forward. We are excited to be part of this growing and dynamic organisation.”

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