Cooper Gay Miami, the Latin American headquarters of global reinsurance, wholesale and specialty broker Cooper Gay Swett & Crawford (CGSC), announced the creation of a Latin American energy practice. The practice will target regional business with a particular focus on the placement of facultative and treaty reinsurance for the oil and gas exploration and power generation sectors.
Based across Cooper Gay’s nine Latin American offices, the practice will be led and coordinated by Luc Van Eyghen, country manager of Cooper Gay Chile, who is based in Santiago.
Previously reporting to Cooper Gay Argentina, Cooper Gay Chile now reports directly to the regional headquarters in Miami.
Cooper Gay Chile specializes in the placement of facultative and treaty reinsurance for industry sectors including mining, public utilities, large industrial and commercial operations in addition to energy. The local team also places catastrophe excess of loss programs.
Latin America is one of the world’s largest consumers of energy and its requirements are expected to grow considerably over the next decade, according to a statement released by CGSC. The region is exploring new ways to meet demand including importing liquid natural gas from the US, tapping into shale gas deposits and seeking sources of renewable energy with low environmental impact.
By investing in a regional energy practice, said Steve Jackson, regional CEO for Latin America, “We now intend to specifically help this growing market to secure the specialist protection required to deliver the power generation and exploration projects that are so important to the economy in Latin America.”
Source: Cooper Gay Swett & Crawford (CGSC)
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