Advanta Integrates Propicsa and Expands Leadership
Deal News | Jul 10, 2025 | Re-Insurance News
Advanta, a specialized technical adjusting firm, has integrated Propicsa, a Latin America and Caribbean loss adjuster, into its operations. This strategic move aims to bolster Advanta's capabilities within the region and enhance its service offerings. Key leadership appointments have accompanied this integration. Andrew Brown joins as Divisional Director, Specialty, based in London, to lead Advanta's Specialty Risks Division. Brown brings 35 years of industry experience in managing complex claims globally, including War, Political Violence, and Cyber among others. Further, Fernando Valentim has been appointed to lead Advanta's Rio de Janeiro office, reporting to Managing Director Andre Werneck. Valentim carries over 30 years of experience, with past roles at Chubb and RSA, focusing on underwriting, reinsurance, and claims in the Brazilian market. Advanta's strategic expansion underscores its commitment to strengthening its Latin American operations.
Sectors
- Insurance
- Risk Management
Geography
- Latin America – The merger with Propicsa enhances Advanta's operations in the Latin American and Caribbean regions, marking it as a key geography.
- United Kingdom – London serves as a strategic location for Advanta's global operations, with Andrew Brown based there, focusing on specialty risks.
- Brazil – Fernando Valentim's appointment to head Advanta operations in Rio de Janeiro highlights Brazil as a focal market for their expansion.
Industry
- Insurance – The integration and expansion efforts by Advanta and the appointments of people with significant experience in insurance across various specialty lines like reinsurance and technical claims highlight the relevance of the Insurance industry.
- Risk Management – Advanta's focus on managing complex technical claims across specialty lines, including political violence, terrorism, and other high-risk areas, links the article to the Risk Management industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advanta | Acquiring Company | Company | Advanta is a specialist technical adjusting firm aiming to enhance its services in Latin America through the merger with Propicsa. |
| Propicsa | Target Company | Company | Propicsa is a Latin America and Caribbean loss adjuster that has been integrated into Advanta's operations. |
| Andrew Brown | Divisional Director, Specialty | Person | With 35 years of experience, Brown will oversee Advanta's Specialty Risks Division. |
| Fernando Valentim | Head of Rio de Janeiro Office | Person | Valentim brings over 30 years of industry expertise and will lead Advanta's Brazilian operations. |
| Chubb | Previous Employer of Fernando Valentim | Company | Chubb is a global insurance company where Valentim last served as Technical Director. |
| RSA | Previous Employer of Fernando Valentim | Company | RSA is a multinational insurance group where Valentim worked for nearly 24 years, primarily focusing on claims management. |