A.M. Best Co. announced that it has opened an office in Miami, Florida to serve the growing market for insurance ratings in the Latin American region. Rating analytics for Latin American companies will continue to be performed by teams based in Oldwick, New Jersey.
Best opened an office in Dubai, UAE earlier this year. Miami is its fifth global office location.
Best has appointed Jorge A. Gonzalez to manage the office, which is located on the 9th floor, 1221 Brickell Avenue in Miami. He is an insurance and reinsurance veteran who has worked and resided in Latin America and Miami for decades, said Best.
Gonzalez reports to Tina Bukow-Truman at Best’s corporate headquarters in Oldwick, New Jersey. The Miami office will be used for management meetings and other activities focused on the Latin American (re)insurance markets.
Best’s Executive Vice President Larry Mayewski noted: “With the increasing focus on solvency and enterprise risk management, we have seen a growing awareness of the importance of insurance ratings worldwide. The rapidly expanding insurance markets in South America, Central America and related regions command an increasing portion of our attention and resources.”
Best announced that it will also host its inaugural “2012 Insurance Market Briefing – Latin America” conference in Miami on June 28 and 29.” Conference details and registration information can be viewed on Best’s web site.
Source: A.M. Best