Lockton secures regulatory approval for Colombian reinsurance operations

Privately held insurance brokerage firm Lockton has entered the Colombian reinsurance market as it has received regulatory approval to operate a reinsurance brokerage business in the country.

The new venture is expected to bring numerous benefits to the broker’s clients, including access to a broader range of reinsurance products, enhanced risk management capabilities, and improved financial security.

“Lockton’s continued growth in Latin America is bolstered by this expansion of our capabilities in Colombia,” said Andrew Perry, CEO of Lockton Latin America & Caribbean.

He added: “We are committed to building out the Lockton platform to best meet client needs and attract the best industry talent as we grow.”

Juan Pablo Uribe will lead the Colombian team, with the support of Luisa Senior, and Daniela Alvarado, who joined Lockton earlier this year.

Uribe, Head of Reinsurance at Lockton Reinsurance Colombia, commented: “We are thrilled to have received regulatory approval to operate our reinsurance brokerage business in Colombia.”

Juan Pablo Stiefken, Country Manager of Lockton Colombia, added: “Lockton Colombia is experiencing significant growth by delivering innovative and customised solutions for clients; we look forward to expanding our service offerings to meet the rising client demand for specialised reinsurance solutions.”

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