Latin Partners Ltd (LPL) is an independent company offering consulting and management services to insurance and reinsurance businesses with needs in the Latin American or Bermuda markets.
Domiciled in Bermuda, LPL is linked through a network of associates located across Latin America who provide local knowledge, experience and presence in the region’s key markets.
Latin America
Doing business in Latin America presents challenges. Unique market practices, regulatory diversity and cultural differences are a few of the considerations which necessitate a studied, selective approach to business development in Latin America. Several businesses have identified opportunities there only to withdraw defeated, often with a damaged reputation. Latin Partners Ltd is well positioned to help your business achieve long term success through its focus on local knowledge and experience.
Bermuda
Bermuda is a highly regarded international financial centre which offers significant capital and regulatory advantages for insurance and reinsurance companies. Sensible regulation and speed to market differentiate Bermuda as a major international market renowned for its innovation and quality of capital. As a Bermuda based entity with extensive experience in international reinsurance, Latin Partners Ltd is ready to help your business establish a presence in Bermuda and leverage its many benefits.
ABOUT LPL
Latin Partners Ltd (LPL) is an independent consultancy offering services to insurance and reinsurance companies. Established in 2007, we operate across a network of associates located in the key Latin American markets, leveraging the considerable benefits of a local presence.
We engage with businesses considering an investment in the Latin American markets and from our base In Bermuda, with businesses considering the benefits of a Bermuda domiciled entity.
Colin McQueen
Managing Partner
+1 441 533 2588
Colin has over 25 years’ experience in international reinsurance having worked with J&H Ltd (now Marsh), Latin American Re Ltd, XL Re, Markel (formerly Max Re and Alterra) and QBE Equator Re. His extensive experience of the Latin American reinsurance markets includes captive management, infrastructure development from start-up and CFO roles with reinsurance companies Max Re Latin America, Alterra Latin America and Markel Latin America.
Colin has a Bachelor of Arts degree in Accounting from Caledonia University in Scotland, is a Fellow of the Chartered Institute of Management Accountants, UK, a member of the Institute of Directors, and speaks Spanish.
OUR SERVICES
Latin Partners Ltd provides an independent service utilising a region-wide network of experienced, locally based industry professionals. Engaging with businesses considering opportunities in Latin America or the operating benefits of a Bermuda domiciled entity, our services include:
Feasibility studies
Market research and business segment analysis
Strategy development and business plans
Local regulatory interface
Finance and administration services
Independent directorship services
Sourcing investment opportunities
Other business specific solutions
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Latin America has two fabulous demographic attributes that developed countries can only dream of: significant population growth and a growing middle class.
Partner, 5th Street Advisors, Forbes Magazine, Dec 2018.
Latin America
Volatility and change are known characteristics of the 20 diverse economies which make up Latin America. A less recognised one is insurance growth. The resilience of the insurance sector through periods of economic turbulence is evident through its persistent growth.
Populations are increasing and becoming wealthier, driving the need to protect assets and driving housing and infrastructure needs. Across the region, insurance penetration rates are low and point to underserved markets.
Opportunities through expanding markets and new products await businesses looking for growth and diversification into new markets.
GDP FORECASTS
| 0.1% | 1.6% | 2.3% |
|
|
||
| 2018 | 2019 | 2020 |
Source: IMF World Economic Outlook Update January 2020
POPULATION
642m
Source: United Nations Department of Economics & Social Affairs
Insurance Penetration
2.90%
Source: EY LatAm Insurance Outlook
Bermuda
Bermuda’s reputation as a top class international financial centre is merited and well established.
international compliance & transparency
- Solvency II equivalency status
- Adopted OECD standards for Base Erosion and Profit Shifting (BEPS) compliance
- Party to Model 2 agreements with the US and UK for FATCA compliance
- Included on OECDs’ white list for compliance and transparency
Quality & volume of capital
- One of the top reinsurance markets in the world
- Most significant property and catastrophe market
- World’s largest captive insurance market
- World’s leading ILS market
Innovation
- First to introduce captive insurance companies
- Birthplace of excess liability and property cat carriers
- Introduction of cat bonds
- Development of ILS market
Tax Neutral status
- Classified as a tax neutral jurisdiction; not considered to be a tax haven by OECD
- Party to more than 40 tax information exchange agreements (TIEAs) internationally
- No income, capital gains or withholding taxes
Speed to Market
Sensible regulation which harmonises international compliance with business needs and enables Bermuda to respond quickly to changing market dynamics