XL Re, the global reinsurance operations of XL Capital Ltd. said it plans to serve the Brazilian reinsurance market as both a local and admitted reinsurer, subject to regulatory approval.
XL Re’s entry is a response to the opening of Brazil’s reinsurance market to the private sector effective April 17, 2008.
Carlos A. Caputo will manage the new reinsurance operations. Caputo has more than 30 years experience in underwriting and management in the Brazilian market with a background in the Brazilian brokerage business and reinsurance.
XL Re’s Brazilian reinsurance operations will be based in Rio de Janeiro with an additional office in Sao Paulo.
Source: XL Re
http://www.xlre.com/
http://www.xlcapital.com/
Topics Reinsurance Market
Was this article valuable?
Here are more articles you may enjoy.
Chubb to Serve as Lead US Insurer for Gulf Shipping Amid Iran War 
Prices for New Cars Have Soared. Here’s One Big Reason Why 
Stryker Remains Offline After Cyberattack Linked to Iran Group 
Florida House Gives Final Approval to Much-Debated Citizens Clearinghouse Bill 
