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Capsicum Re launches LatAm operations

Bnamericas Published: Wednesday, May 04, 2016

Specialist reinsurance broker Capsicum Re announced the launch of Capsicum Re Latin America (CRLA) as part of the company's drive to become a full service global reinsurer.

"Launching CRLA heralds a new chapter in the Capsicum Re story. We have made fantastic strides in building out our offering since we established the business 30 months ago and have received an overwhelmingly positive response" said Rupert Swallow, CEO of Capsicum Re.

CRLA will be headquartered in Miami and led by newly appointed CEO Joe Smith, supported by Luiz Araripe who will lead the operations of CRLA Brazil.

Smith brings over 20 years reinsurance broking experience to the position as well as regional expertise, having recently served as CEO of Aon Benfield Chile. Araripe also comes from Aon Benfield, having worked as chief CCO for the company's operations in Brazil.

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