Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (“SSL Endeavour”) today announces the planned launch of a managing general agent (MGA) based in Miami, USA, and a trio of senior hires to support growth in Latin America.
Set for a 1st January, 2020, start, the new operation will concentrate predominantly on building construction, energy and power generation business throughout Latin America, operating under a brand name that will be confirmed at launch. The MGA launch follows agreement between SSL Endeavour and Hemispheric Reinsurance Group LLC (“Hemispheric Re”), an independent reinsurance capacity provider and broker based
in Miami, to allow the release and smooth transition of former Hemispheric Re Managing Director Alvaro Gabaldon and Julio Velasquez to join SSL Endeavour’s Miami operation as Managing Director and Senior Underwriter respectively.
Separately, SSL Endeavour also announces that Amador Torrealba has joined the company’s London office as Head of Wholesale Broking, Latin America. Most recently a Senior Consultant at W Denis Insurance Brokers Plc, Amador’s new role will see him support the SSL Endeavour Miami MGA operation as well as the Group in further developing business in the region. SSL Endeavour Group CEO David Lawrence said:
“We are very pleased to be announcing our first step into Latin America, a fantastic milestone for SSL Endeavour as we continue our international expansion strategy, backed by JC Flowers. Establishing an MGA in Miami will provide us with an agile platform to develop innovative new products and expand geographic coverage in the region, with the aim of developing high quality business for A rated paper in the Lloyds and company markets.
Backed by this entrepreneurial new talent, SSL Endeavour is now well-positioned to capitalise on strong growth opportunities in the region, and continue to build on the good work that Hemispheric Re achieved under its late and much respected Founder John Blake.”
Alvaro Gabaldon, Managing Director of SSL Endeavour’s Miami MGA, added:
“Buoyed by the strength of our accomplishments in the last 12 months at Hemispheric Re, I’m extremely excited to join SSL Endeavour Group at such an evolutionary moment for the Group, and amid strong demand in our target market.”