Latin America
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The executive will oversee Howden Re’s treaty and fac business in Miami. -
The book of business comprises both personal and commercial lines.
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Price Forbes operations in Miami, Chile and Peru will report to Mulic.
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The MGA is offering lines of $25mn, up from the $10mn limit it was providing until late last year.
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Rate falls across the property class and uncertainty around the US administration dominated conversations.
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Sources said that the new paper is replacing PartnerRe capacity that was backing the MGA.
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Carlos Becerra will succeed Delgado as Miami-based LatAm fac head.
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The programme was developed in collaboration with Allianz Commercial.
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Rasher also has offices in Seville, Cordoba, Valencia, Malaga, Granada and Pamplona, as well as Latin America.
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Rivera will succeed current CEO Carlos Rivera, effective 1 January.
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Earlier this month this publication revealed that the brokerages were in advanced talks to secure a deal.
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Sources said the brokers are in the final stages and could seal a deal in the next couple of weeks.
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