Everest Insurance, a global underwriting company based in Bermuda, has launched Everest Compañía de Seguros Generales Colombia, its new local entity in Bogotá, Colombia.
This move follows the receipt of regulatory approval from the Colombian government agency, Superintendencia Financiera de Colombia.
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The Bogotá office will offer a wide variety of insurance products as well as risk solutions tailored to key sectors such as energy, property, casualty, and financial lines.
Everest’s commitment to providing insurance services to corporations across the region will be spearheaded by country manager Mauricio Ocampo Gómez.
Gómez said: “We enter Colombia with a depth and breadth of innovative product offerings, and high-calibre underwriters with a deep understanding of the local market’s needs, empowered to provide superior service to our clients and brokers.”
Everest’s decision to expand in Colombia advances its efforts to expand across the Latin American market.
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By GlobalDataThis follows the company’s recent launch in Mexico, where it began operations in May 2024 after getting regulatory approvals.
The Mexican entity, trading as Compañía de Seguros Generales Everest México, is under the leadership of Jaime Chaves López.
Everest Latin America senior vice president and regional president Pablo Korze said: “Colombia presents an exciting growth opportunity for Everest Insurance International. We are bringing a new commitment to the Latin American market to address the challenges and emerging risks facing the market.”
Everest Group delivers property, casualty, and speciality reinsurance and insurance solutions through its global operating affiliates.
Everest Insurance International co-lead Adam Clifford said: “Building on 50 years of financial strength, our deep expertise, speed to market, and customer-first approach enables us to bring our world-class services and additional capacity to the Colombian market.
“As we continue to expand our global footprint, I look forward to working closely with Mauricio and his team of highly skilled, agile underwriters to address the unique needs of brokers and clients.”
