Despite continuing M&A overtures from Endurance, Aspen Insurance has announced that it will be opening a regional hub in Miami to service the burgeoning Latin American market.
The office’s initial focus will be on the regional energy market alongside the expanded capabilities of Aspen Insurance’s US operations.
Commenting on the move, Tony Carroll, executive vice President and head of marine, energy and construction for Aspen US Insurance, says: “With the recent appointment of Gary Windsor to spearhead our onshore energy expansion into Latin America, we are building an energy team focused on bringing industry leading expertise and local knowledge to support the growing demand for energy risk solutions throughout the region. Gary’s team will begin writing business from Miami in July.
Mario Vitale, CEO of Aspen Insurance, adds, “This is an important next step as we continue to expand our Insurance operations in targeted markets around the world and we plan to roll out additional products across Latin America in due course.”