Charles Taylor expands captives business in LatAm with Arch head

Charles Taylor has opened a new office in Panama to market captive insurance services in the Latin American market with the appointment of Alvaro Ortiz as its head.

Ortiz, who has been appointed as the president and CEO of Charles Taylor RSLAC, joins from Arch Reinsurance in Bermuda, where he was the head of treaty underwriting for Latin America and Caribbean.

Prior to Arch, he has also held senior executive roles with Everest Reinsurance and Howden Broking Group in Latin America.

William Wood, CEO of Charles Taylor Insurance Management, Bermuda, said: "The demand for captive management services is growing quickly in many Latin American countries. Our long-established captive management hub in Bermuda is based in a highly stable and well-regulated jurisdiction making it an attractive location for Latin American insurance business.

"I am very pleased that Alvaro Ortiz has joined Charles Taylor to establish our new Panama office and drive our captive management business development initiatives in Latin America. He has an outstanding record of business development.

"As a head of treaty underwriting Latin America and the Caribbean for Arch Reinsurance in Bermuda, he grew their treaty book from $6 million to $29 million. Alvaro’s expertise will be a huge asset to Charles Taylor and I look forward to working with him to develop our captive business across Latin America."

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