Specialist reinsurance broker Gallagher Re has announced the appointment of Thiago Navega as Director of its Brazilian operations.
The appointment is expected to bolster the broker’s growing presence in the Latin America region, particularly in the global energy sector.
Navega will be based in Gallagher Re’s Rio de Janeiro office, reporting to Luiz Araripe, CEO of Gallagher Re in Brazil.
He joins Gallagher Re from Brazilian insurance and reinsurance brokerage Inter Risk Services, where he was Head of Energy, Marine and Renewables.
Prior to this, Navega spent over six years with Brazilian insurer Austral Seguradora, where he led the Energy & Marine division, and was previously Assistant Vice President in the Rio de Janeiro office of Marsh’s Energy, Oil and Gas division.
“Thiago joins at an important time for Gallagher Re in Brazil and in Latin America, with our rebrand last month marking a new chapter in the story of our fast-growing business and plans for global expansion,” said Ruperty Swallow, CEO of Gallagher Re.
“Brazil, along with the wider Latin American region, is an attractive and rapidly evolving market that presents a wealth of opportunities for us.”
Joseph Smith, CEO – Latin America at Gallagher Re, also commented: “We’re delighted to welcome Thiago to our team, and in doing so, broadening our product offering and the expertise that we deploy to support clients across the Gallagher group.”
“Thiago’s appointment reflects our ongoing commitment to investing in industry-leading broking talent, enabling us to pursue our ambitions for further growth,” added Luiz Araripe, CEO – Brazil at Gallagher Re.
“Thiago’s knowledge of the Brazilian market, reputation among clients and in-depth experience across a broad-range of reinsurance specialisms with particular expertise in upstream energy make him an excellent addition to our growing team.”
Navega further stated: “Since establishing a presence in Latin America four years ago, Gallagher Re has gone from strength to strength, delivering innovative solutions that fulfil the growing demand for specialist reinsurance products in the region.”
“I am pleased to be joining the team at this exciting juncture, and look forward to working with the wider team to continue to build our specialty capability and capitalise on the significant growth opportunities present in the region.”
With offices in Rio de Janeiro, Sao Paulo, Santiago and Miami, Gallagher Re’s Latin American operation, established in 2016, offers a range of treaty reinsurance solutions across the region. In Brazil, the service extends to facultative placements, facilities and portfolio solutions.
On 1 October 2020, Gallagher Re became the new name for Capsicum Re, completing the integration of the reinsurance business into Gallagher.
