Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market.
He will also assume the role of country manager for Mexico and will be based in Mexico City.
Revilla joined Lloyd’s in 2014 as head of operations and strategy for Lloyd’s Global Markets division. Prior to that, he worked at Zurich for nine years in M&A and strategy roles, and his last role was head of strategy for the general insurance segment. He also worked in M&A and strategy at UBS investment bank, and held financial roles with Telefonica Sistemas and AFP Integra in Peru.
“I’m pleased to announce Daniel Revilla as Lloyd’s head of Latin America. Daniel has played a key role in driving Lloyd’s global strategy in recent years and will bring invaluable skills as we look to develop our business across Central and South American markets,” said Vincent Vandendael, director of Global Markets.
“Latin America is an important part of Lloyd’s Vision 2025 strategy to increase our support for the world’s fastest growing economies,” Vandendael added.
“We have a strong established presence in Brazil and in the past year we have expanded our footprint opening offices in Colombia and Mexico. We will continue to build on our business relationships and offer new capacity and specialist products to support the growth of the industry across the region.”
“As cities expand across the region so does the value of assets requiring protection and we see significant potential for development in specialist insurance and reinsurance,” Revilla commented. “Lloyd’s can help support the expansion of insurance penetration across Latin America to protect economies at these critical stages of growth.”
A recent Lloyd’s study with Cambridge University the City Risk Index found that cities in Latin America have US$520 billion of GDP at risk from a series of threats. However, insurance penetration rates (3.1 percent) are significantly lower than the global average (6.1 percent).
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