Increase Danger, the chance capital and reinsurance options broking agency, has introduced the hiring of Alejandro Solorzano from XS International, who joins the corporate to assist it broaden its parametric danger switch providing for the Latin America area.
Increase Danger launched a dedicated parametric risk transfer division in October 2023, since when the corporate has been constructing out this specialist broking follow.
Alejandro Solorzano has now joined the corporate as Affiliate Companion, LATAM Parametric and can be based mostly in Miami.
He’s anticipated to play a central position in growing Increase Danger’s parametric re/insurance coverage providing in Latin America and supporting development in that area by figuring out new alternatives.
Solorzano has greater than 19 years of expertise in reinsurance and parametric insurance coverage and has labored on product improvement, distribution, advertising, knowledge and analytics of those danger switch preparations.
With various senior positions in his profession, most just lately he was the top of danger switch and innovation at dealer XS International.
In that position. Solarzano labored on revolutionary parametric reinsurance preparations together with a recently announced parametric reinsurance treaty for earthquake risk that utilises installed sensors for trigger data.
He additionally co-founded Berrysafe, a digital wholesaler platform designed to attach clients with the proper insurance coverage services or products offered by carriers.
Earlier than that, Solorzano labored at dealer Marsh for over 10 years, holding the place of Managing Director and Head of Gross sales.
In that position, he was helped construct the Analytics and Parametric group and scaled a Captive follow.
Kurt Cripps, chief of the Increase International Parametric Specialty division, commented on the rent, “Alejandro’s entrepreneurial spirit, unrivalled data of the area, and confirmed monitor document within the parametric house make him the perfect addition to our group. As we proceed to ship our formidable development plans, his experience, enthusiasm and community will show invaluable. Increase Danger is now a longtime enterprise of scale, and we’re very excited for 2025 which guarantees to deliver enhanced options and important advantages to our purchasers.”
Solorzano added, “Increase Danger is reworking the way in which we take into consideration parametric reinsurance. They don’t seem to be simply designing and managing bespoke parametric insurance policies from inception to settlement but in addition considering of them as a capital administration software for purchasers. I’m look ahead to becoming a member of this gifted and visionary group. Latin America faces extreme challenges associated to pure disasters and local weather change, along with recurring monetary constraints. Parametric insurance policies are significantly effectively suited to handle a few of these points and can be key in enhancing resilience within the close to future.”
