TransRe has announced that Javier Vijil will retire from his executive role during the third quarter after 26 years with the company.
Vijil founded TransRe’s Latin America & The Caribbean division, opening the company’s Miami office in 1993. Since then, he has built the team into a leading regional reinsurer with relationships throughout the Caribbean, Central America and South America.
Vijil will take a new position as non-executive chairman of TransRe Latin America and will continue to serve on the company’s board.
“Javier has been an institution at TransRe since before I joined,” said Mike Sapnar, TransRe president and CEO. “I have always relied on his advice, and he is more than just a colleague. He is a mentor and, I am proud to say, a friend. I am delighted that he has accepted an ongoing role, both as a director of TransRe and as our non-executive chairman for Latin America and the Caribbean.”
As part of the leadership transition, the company will merge its North America and Latin America divisions into TransRe Americas, which will be led by Ken Brandt, president.
“Javier and I have worked closely with Ken for the past 14 years,” Sapnar said. Ken has traveled extensively in the region, and as a senior executive and board member is very familiar with the portfolio and its importance to TransRe.”
Succeeding Vijil as president of Latin America and the Caribbean will be Jorge Beltran, who will report to Brandt. Prior to joining TransRe, Beltran served as head of treaty business for Latin America at Validus Re. He has also held positions at Liberty Mutual, SCOR and Swiss Re.