CGSC Holdings Brasil appoints commercial director
Cooper Gay Swett & Crawford (CGSC) has appointed Carlos Reis as commercial director of CGSC Holdings Brasil with immediate effect.
Based in Brazil and reporting to Fabio Basilone, CEO of CGSC Holdings Brasil, Reis will work as part of the management team to develop the company’s profile and business in the region.
His appointment is part of the integration into CGSC Holdings Brasil of NMB Brasil Corretora de Resseguros Ltda, of which Reis was the chief executive, following the recent acquisition by CGSC of the NMB Group.
Based in London and with reinsurance operations in Rio de Janeiro and São Paulo, NMB is particularly well known in the Brazilian market for its expertise in the marine and offshore-petroleum reinsurance markets.
“We are very pleased to welcome Carlos to the CGSC team. NMB’s Brazilian operation represents the third large acquisition made by the CGSC Group in Brazil during the last three years and confirms our commitment to growing our business and further developing our client offering in the region,” said Basilone. “CGSC expects to see significant growth in its Brazilian market business as a result of this acquisition that enhances our technical and operational potential, especially in the offshore-petroleum sector.”
Reis added: “Uniting NMB and Cooper Gay’s expertise and experience positions us as a very strong player in the Brazilian reinsurance market. “The developing Brazilian energy market is also currently presenting many interesting prospects including the consortium of the Libra Oil Field - the first auction of pre-salt oil exploration – that will demand heavy investments in infrastructure, which in turn will create opportunities for CGSC and the reinsurance industry as a whole.”
