Lockton receives regulatory approval to operate reinsurance brokerage in Colombia

Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced that it has received regulatory approval to operate a reinsurance brokerage business in Columbia.

“Lockton’s continued growth in Latin America is supported by this expansion of our capabilities in Colombia,” said Andrew Perry, CEO of Lockton Latin America & Caribbean. “We are committed to building the Lockton platform to best meet customer needs and attract the best talent in the industry as we grow.”

The team will be led by Juan Pablo Uribe and supported by Luisa Senior and Daniela Alvarado, who joined Lockton earlier this year.

“We are pleased to have received regulatory approval to conduct our reinsurance brokerage business in Colombia,” said Uribe, head of reinsurance at Lockton Reinsurance Colombia.

“Lockton Columbia is experiencing significant growth by providing innovative and customized solutions for clients; We look forward to expanding our service offerings to meet growing customer demand for specialized reinsurance solutions,” said Juan Pablo Stiefken, Lockton Colombia Country Manager.

Lockton’s entry into the Colombian reinsurance market is expected to bring numerous benefits to its clients, including access to a wider range of reinsurance products, enhanced risk management capabilities and enhanced financial security. Lockton is committed to working closely with local regulators, cedants, partners and customers to ensure a smooth and successful launch of its reinsurance operations in Colombia.

Source: Lockton

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Agencies Legislation Reinsurance