Alesco poaches Lockton exec to head up LatAm property fac team

Alesco Risk Management Services (Alesco), the specialist insurance and risk management broker, has appointed Adam Bragg as head of its Latin America property facultative team.

Bragg’s primary focus will be developing business throughout Latin America, particularly in Peru, Chile, Mexico and Colombia. He will join later this year and will be based in London, where he will report to Martin Emkes, chairman of Alesco.

Bragg has over 25 years of industry experience and joins Alesco from Lockton, where he was vice president of property, focusing on Latin American property business. Prior to this he was a principal at Integro Insurance Brokers and spent two years in the property division at Heath Lambert.

Martin Emkes said: “In this challenging market environment clients are looking for more specific Latin American facultative capability, knowledge of the local market factors and of course language skills and that’s exactly what we’re providing.

“We are moving Alesco into new product lines and have recently diversified our business offering by expanding our global property risks capability to take advantage of the opportunities in this class."

He added: “Adam is a fantastic hire for us. We are committed to investing in talented experts and his experience and understanding of the region make him the ideal person to lead our Latin American Property Fac team. This is a rapidly growing market and I look forward to working with Adam to develop our presence in the region in conjunction with our partners.”