Integro boosts Latin America presence with reinsurance partnership

Integro, a broker and risk management firm, has expanded its presence in Latin America in an agreement with HR Latinoamerica (HRL) to serve as its exclusive London wholesale reinsurance trading partner.

As part of the agreement, HRL Colombia is granted use of the Integro name, and establishes HRL as Integro’s exclusive licensee for reinsurance business in Colombia.

HRL will continue to source reinsurance business from retail brokers and carriers in the region, and will rebrand as Integro Andina Ltda. Corredores de Reaseguros.

“This is a strategic relationship that expands and further develops Integro’s global wholesale reinsurance offerings throughout Latin America,” said John Sutton, head of Integro’s international operations based in London.

“And HRL aligns with an established London broker providing access to all the London insurance markets, including Lloyd’s.”

Julian Suza, president of HRL, added: “With our strong domestic growth came the realization that joining forces with a leading international broker with expertise serving the reinsurance needs of clients would be of significant benefit.

“Integro shares our commitment to provide unparalleled client service, and we are excited to be partnering with John and his superb wholesale reinsurance team.”

William Goldstein, chief executive officer at Integro, commented: “This agreement with Julian and his colleagues, marking our first wholesale trading relationship in Colombia, is significant for Integro.

“An established entity in the Colombian reinsurance market, HRL is highly regarded and we look forward to leveraging that strong base in Colombia’s growing economy, and throughout South and Central America.”