Zurich Today, the Swiss-based reinsurer Echo Re announced the hiring of Bruno Krenboeck and Ariadna Garcia as a step to further expand its underwriting footprint in the Latin American & Caribbean region. Both will be based in Zurich (Switzerland) and support the further development of Echo Re’s portfolio, together with Hugo Cardona acting as Regional Advisor.
With more than 20 years of experience in the Latin American reinsurance market, Bruno is a well-experiencedand well-connected reinsurance market executive. In his last position, he served as “Regional Market Leader Latin America” for AXIS Re for more than 10 years. In this role, he has been working together with Ariadna, who joined the Latin America Underwriting team of AXIS Re in 2017. They will both be based in Zurich (Switzerland).
“We are very pleased to welcome Bruno and Ariadna to Echo Re’s growing underwriting team,” said Paul Hertelendy, CUO of Echo Re. “Both have a proven track-record in building a well-diversified reinsurance portfolio in the region and share Echo Re’s long-term underwriting strategy. Thanks to Hugo’s in-depth market knowledge and experience, Echo Re has built a profitable portfolio in the past four years. We are convinced that with the arrival of Bruno and Ariadna, we will further raise our profile and footprint in this important region.”
Fabian Pütz, CEO of Echo Re adds: “In line with our strategic mandate to diversify the DEVK group’s reinsurance portfolio with exposure from outside Europe and the USA/Canada, we see Latin America and the Caribbean as integral and pivotal parts of our underwriting activities.
In light of the current market conditions, we are positive that Echo Re’s consistent underwriting appetite together with the expansion of the team does offer opportunities to further build and grow our underwriting franchise in the future. Being part of a large mutual insurance group does give us the commitment and the flexibility to increase the portfolio contribution during the upcoming renewals if we feel that the terms and conditions give us comfort to do so.”
Echo Re Ltd., Brandschenkestrasse 18-20, 8001 Zurich (Switzerland)
Gregor Schulte, Chief Financial & Operating Officer, phone +41 44 283 16 17, firstname.lastname@example.org
About Echo Re Ltd
Echo Re Ltd. is a Zurich-based reinsurer founded in 2008 as a wholly owned subsidiary of the German DEVK Group (Rating “A-“ confirmed from both Standard & Poor’s and Fitch). Echo Re serves clients in Asia, the Middle East, Africa, Latin America, and the Caribbean with dedicated and extensive reinsurance know how in P&C as well as Specialty Lines of Business such as Agriculture, Marine/Energy, Engineering, Extended Warranty, Credit/Bond and Cyber.