Matta launches Latin America broker Crandon Re

Tony Matta, an experienced re/insurance executive responsible for the formation of several new ventures focused on the Latin American region, has formed a new broker targeting the area.

Industry veteran Tony Matta will lead Crandon Re, a Latin America and Caribbean independent specialist multi-line re/insurance facilities intermediary and manager.

The operation, based in Miami, will initially operate facilities for marine and cargo, sabotage and terrorism and casualty.

Crandon Re said it will announce additional re/insurance facilities aimed at specialty lines, and niche coverages for Latin America and the Caribbean in August.

Matta began his career at Hartford Fire Insurance Co where he underwrote in Florida, Virginia, and Texas, and subsequently managed a property MGA focused on Latin America and Asia-Pacific international reinsurance business which underwrote on behalf of US, and Bermuda-based companies.

Since becoming a reinsurance intermediary in the early 2000s, Matta has been involved in the establishment of several reinsurance offices, including Benfield Fac Solutions (Caribbean), and Aon Specialty Re (Latin America and Caribbean) in Miami.

Most recently, he helped established the RK Harrison Reinsurance Brokers office in Miami, where he was responsible for new business origination in Latin America and the Caribbean.

Matta said: “Crandon Re will start out with marine and cargo, sabotage & terrorism, and casualty facilities, and we will incrementally grow into additional lines of business, allowing for a broader product offering for our valued customer base.

“Miami is the business and reinsurance capital of Latin America and the Caribbean, and we are excited to join the thriving Miami reinsurance market. Crandon Re will be a great complement to the market, and we look forward to presenting our product offerings to the reinsurance intermediary community. We have great confidence that as our production base grows, and our footprint expands, we will be able to bring additional opportunities to our trading partners.”