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Cooper Gay Purchases Reinsurance Broker

IBR Staff Writer Published 20 October 2009

Transaction enhances Cooper Gay's ability to cater to the reinsurance requirements of the Latin American region

Cooper Gay Holdings, an independent insurance and reinsurance broker, has acquired majority of the shareholding in Reinsurance.com.ar, a Florida-based specialist reinsurance broker.

Reinsurance.com focuses on treaty and facultative reinsurance solutions, primarily for the Argentine market. The company was set up in 2006 by Guillermo Pastore.

Mr Pastore has over 20 years’ experience in the Latin American reinsurance sector and was formerly COO of EW Blanch and Benfield Greig in Argentina. Mr Pastore will continue as CEO and will drive expansion in support of Cooper Gay’s strategy for the region.

Toby Esser, chief executive of Cooper Gay, said: “We have worked closely with Guillermo Pastore over the past two years, and have been impressed by the commitment, professionalism and drive of his entire team. I am delighted that we have moved to a majority shareholding in the company, further enhancing our ability to support the reinsurance requirements of this fast growing region.”

Steve Jackson, managing director of the Latin region, said: “Guillermo Pastore is a highly respected reinsurance specialist who has already established a strong and active presence in the Latin American market. He will be a great asset to Cooper Gay.”