SAO PAULO, BRAZIL – September 8, 2014 — Like many emerging markets, most Latin American countries, and especially Brazil, have a critical need to build out their infrastructure in order to enable continued economic growth. With a vast pipeline of major projects, the need for Surety court bonds in the region is growing. To respond to these needs, XL Group has appointed Walkiria Melo as Surety Manager Latin America. Her responsibilities include developing XL’s Surety insurance business in Brazil and throughout Latin America. She is based in Sao Paulo and reports into David Hewett, XL Group’s Surety Insurance President, based in North America.
David Hewett commented on the appointment, “I’m delighted to count on Walkiria as a highly qualified and experienced Surety professional who knows the local market very well. We have capabilities to write all the bonds associated with construction projects from advance payment to performance and warranty obligations in Brazil and across Latin America. Working closely with our North America based Surety team, Walkiria will be able to serve our clients in the region with insightful insurance solutions to help them successfully complete their large infrastructure projects.”
Bruno Laval, Regional Manager Iberia and Latin America of XL Group’s insurance operation, added: “Latin American construction companies are playing an ever increasing role in the international infrastructure development market. We are distinctly positioned to be able to cover their large complex risks, as well as those of multinational companies operating in the region. With Walkiria as their expert in Surety, our clients will benefit from XL’s top tier underwriting talent, global reach and financial strength.”
Ms. Melo brings 20 years of risk and financial analysis and surety experience into her new role, gained in companies such as Citibank, Chubb or Liberty International Underwriters. Before joining XL Group, she most recently held the role of Surety Manager at Fator Seguradora in Brazil. Ms. Melo holds a Bachelor degree in Economics from Universidade Estadual de Campinas, a Certificate of Advanced Studies from the Gavin School of International Management and an MBA in Finance.
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