Credit insurance specialist Coface has announced the appointment of several new leaders to its Latin America regional directory, overseeing operations in Argentina, Brazil, Chile, Colombia, Ecuador, and Peru.
Diogo Machado (pictured above) has been named chief operating officer and director of enterprise technology for Latin America. Machado brings over 20 years of experience in the insurance and financial services sector, having held leadership roles at American Express and Marsh McLennan.
Silvia Heidrich returns to Brazil after four years at Coface Group’s headquarters in France, where she led global engagement, diversity, and digital transformation initiatives. She will now serve as regional director of human resources, responsible for HR strategies across the region.
Quedmar Camargo joins as chief risk officer for Latin America. Camargo’s background includes roles at Zurich, Chubb, Itaú Unibanco, and PwC, and he is expected to focus on strengthening risk management in the region.
Mariangela Morenghi has been appointed to lead marketing and communications. Morenghi brings experience from AIG and other sectors, including infrastructure, agribusiness, and retail, and will focus on expanding Coface’s brand and business opportunities. All four new leaders will be based in São Paulo.
Coface is seeking to further consolidate its position in the Latin American credit insurance market. “In the credit insurance segment, we see opportunities for growth, considering the size of the market and the areas that are still underexplored, especially considering the growing risk of default and bankruptcy in the region,” said Marcele Lemos, CEO of Coface for Latin America and Brazil.
Lemos also noted that Coface has expanded its service offering in Latin America, now providing corporate information solutions and debt collection services in more than 200 countries.
In addition to these appointments, Coface has recently expanded its international presence through a new partnership with Apollo, receiving Lloyd’s approval for a new trade credit syndicate.
The syndicate, managed by Apollo, will focus on trade credit insurance and is expected to enhance Coface’s underwriting capacity and access to global markets via the Lloyd’s platform.
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