Charles Taylor has opened a new office in Panama, expanding its offering of captive insurance services to businesses in Latin America.
The Panama office brings the company’s presence in Latin America to six offices.
Alvaro Ortiz, who has been appointed president and CEO of Charles Taylor for the Regional Section of Latin America and the Caribbean, will head the Panama office.
Ortiz joins from Arch Reinsurance Bermuda, where he served as head of treaty underwriting for Latin America and the Caribbean.
William Wood, CEO of CT Insurance Management Bermuda, said: “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.”
