Axa Health has entered into a reinsurance agreement with NextGen International Insurance (NextGen) to introduce new international private medical insurance (IPMI) to the Latin American and Caribbean markets.
Under the agreement, NextGen will introduce new IPMI products to the market, offering coverage for individuals and their families and Axa Health will act as the reinsurer, providing reinsurance coverage.
Laurent Pochat-Cottilloux, CEO of Axa Life and Health Reinsurance Solutions (pictured) said: “This agreement will enable Axa Health to combine our industry-leading capabilities and resources to provide reinsurance coverage to NextGen who is delivering innovative insurance solutions aiming to meet the evolving needs of customers in the Latin America and the Caribbean region.
“NextGen brings a dedicated model for customer service and a strong market expertise in the health insurance industry in the region.”
Ricardo Gonzalez-Padilla, CEO at NextGen, said: “We are honoured to have Axa Health as our reinsurer.
“This partnership will allow us to expand our product offerings and provide our customers with even greater value and peace of mind.”