PERse sets up Miami office to focus on LATAM renewable energy

Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America.

Marco Broccolo, hired in February 2019, will lead the Miami team. He joins with 17 years of experience in underwriting, risk assessment, engineering, and business development. Most recently, he was property chief underwriter and executive director for property facultative underwriting and portfolio management at Redbridge Reinsurance Managers. He was also an executive manager of a Latin American property binder.

Before 2014, Broccolo was Assicurazioni Generali’s director of commercial engineering in the USA, and prior to that director of loss prevention department and senior underwriter for Latin America.

Underwriter Kent Gallego has transferred to Miami from Newport Beach to join the team.

The Miami team will use PERse’s ROW (Rest of World) facility to support their underwriting offering.

Jeff Richards, who recently joined PERse as a senior underwriter, will work on all renewable energy projects and lead the biofuels and biomass underwriting in the USA. He will also work on expanding the insurer’s bio product offering. Richards has worked in specialty lines underwriting and loss control management since the 1980s, most recently serving as senior vice president and senior underwriter for GCube Insurance Services.

Gary Fleming has joined PERse to lead the engineering and loss control division and work in PERse’s technical services division.

Fleming has a particularly strong background and experience with both battery storage projects and offshore wind energy projects, which are two areas of growth for PERse. He was senior account engineer for Allianz Global Corporate & Specialty and a founding member of the Allianz expert teams for renewable power generation.

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