Re/insurance broker UIB expands operations in South America

International re/insurance broker U IB has expanded its footprint in South America by establishing two new companies in the Peruvian market.

South Re, created by Jose Espinosa and Clara Escobar, and JEF Corredores de Seguros, headed by Ignacio Espinosa, will become UIB Corredores de Reaseguros and UIB Corredores de Seguros respectively, as part of the group's international expansion strategy.

Tim Church, CEO of UIB International, said: "We are delighted to welcome our friends Jose, Clara, Ignacio and their teams into the group. We have worked with them for many years, and we are impressed with their achievements. We look forward to working together to enhance their services to the Peruvian market. The combination of local skills and knowledge together with the international reach of the UIB Group will offer a powerful capability to a wide range of clients.”

UIB serves a vast portfolio of industries in the South American market; offerings include aviation and aerospace, energy and construction, marine, specialty insurance, and treaty reinsurance.

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