Reinsurance broker said its Brazilian SSPE capability will support cedants and investors seeking access to the country’s Letra de Risco de Seguro market
Lockton Re has launched a dedicated insurance-linked securities (ILS) platform for Brazil’s Letra de Risco de Seguro market.
The reinsurance broker said the platform will provide advisory and structuring capabilities through locally licensed Special Purpose Securitization Entities, or SSPEs, dedicated to Brazil’s LRS market.
The launch coincides with the 9th Encontro de Resseguro do Rio de Janeiro, taking place on 19 to 20 May 2026.
Lockton Re said its platform will support Brazilian cedants and institutional investors, backed by the firm’s wider reinsurance structuring capabilities.
Rodrigo Botti, country head, Brazil, at Lockton Re, said: “Brazil has built one of the most thoughtfully designed ILS regulatory frameworks in the world.
“The domestic LRS market builds on existing global structures, bringing global governance standards, while at the same time creating innovation designed for Brazil’s market realities.
“Lockton Re colleagues have been at the table since at least 2023, and we are proud to now offer the full spectrum of services, from structuring and regulatory advisory to investors, to help this market reach its extraordinary potential.”
Lockton Re said it is working with an independent Brazilian-licensed SSPE, the local special purpose vehicle required to structure and issue LRS instruments.
The broker said the arrangement provides a path for cedants seeking domestic LRS transactions and reduces setup delays for clients.
The platform will support indemnity, parametric and index-based structures across multiple perils, including agribusiness, infrastructure, climate catastrophe and regulatory capital relief.
Dario Luna, Latin America and Caribbean, Lockton Re, said: “Having structured Mexico’s catastrophe bond program and worked across the parametric insurance landscape in Latin America for many years, I can say with confidence that Brazil’s LRS is the most robust regulatory architecture for ILS in Latin America.
“Our team is now ready to deliver competitive ILS solutions for new cedants and support them in their journey as the market matures,” Luna added.
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