Charles Taylor opens Panama office to market captive insurance services in Latin America
01 February 2017
Alvaro Ortiz joins from Arch Reinsurance, Bermuda, to head office
Charles Taylor has extended its global network by opening an office in Panama. The office will market captive insurance services to businesses across Latin America. The new office increases Charles Taylor’s global network to 72 offices across 29 countries and increases the Group’s presence in Latin America to six offices.
The office will be headed by Alvaro Ortiz, who has been appointed as President and CEO of Charles Taylor RSLAC Inc. Alvaro is an executive leader with over 19 years’ experience in insurance, reinsurance, portfolio development, and team management. He joins from Arch Reinsurance in Bermuda, where he was Head of Treaty Underwriting for Latin America and Caribbean. He has also held senior executive roles with Everest Reinsurance and Howden Broking Group in Latin America.
William Wood, CEO of CT Insurance Management (Bermuda) Ltd. says:
“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.”