Lions Gate Underwriting, (“Lions Gate”), an independent underwriting agency and Lloyd’s coverholder, today announced the appointment of Mario Andrade to the Lions Gate Latin America underwriting team as managing director of its financial lines division, effective 12 September.
Andrade will be based in Mexico and will lead the consolidation and growth of Lions Gate Latin America’s financial lines offering in the region (D&O, E&O, Media Liability). His entrepreneurial spirit and deep product knowledge will help Lions Gate Latin America achieve its goals as well as those of its supporting reinsurers.
Andrade is a highly skilled financial lines underwriter, with more than 12 years at top-tier (re)insurers including AIG and Zurich, where he was head of underwriting financial lines and most recently New Line Syndicate. He holds a degree in financial management from the Monterrey Institute of Technology and an MBA from the IE in Madrid.
Andrade said: “By expanding and optimising existing distribution channels as well as creating new ones, the Latin American financial lines market presents great opportunities. Cedant insurance companies and our producers have an attractive business proposition that we want to promote proactively and efficiently. For this reason, our main objective from day one will be to consolidate the E&O and D&O mid-market in the region through strategic alliances with local companies and partners. We will use technology to create new ways of bringing these coverages closer to end customers. As always, our goal is to provide first-class service that allows us to act as a benchmark a real option for the market. I look forward to taking on this new role and working alongside the Lions Gate team, as well as the various reinsurers with whom we collaborate.”