Coface expands leadership and presence in Latin America with new hires

Coface, a company providing credit insurance and risk management solutions, is strengthening its operations in Latin America with the appointment of new regional leaders.

The moves support the company’s growth strategy in credit insurance, commercial data management, and debt recovery services across Argentina, Brazil, Chile, Colombia, Ecuador, and Peru.

Diogo Machado has been named Chief Operating Officer and Director of Business Technology for Latin America. He brings more than 20 years of experience in the insurance and financial services sector, including leadership roles at American Express and Marsh McLennan.

Silvia Heidrich returns to Brazil as Regional Human Resources Director after four years at Coface Group headquarters in France, where she managed global projects on engagement, diversity, and digital transformation.

Quedmar Camargo joins as Risk Director for Latin America. With extensive experience at Zurich, Chubb, Itaú Unibanco, and PwC, she will focus on enhancing the region’s risk management capabilities.

Mariangela Morenghi will lead Marketing and Communications in the region, drawing on her background in reputation and market relations from AIG, as well as experience in infrastructure, agribusiness, and retail sectors, with the aim of strengthening Coface’s brand and identifying business opportunities.

All four executives will be based in Coface’s São Paulo office.

Coface is further consolidating its structure in Latin America to expand its presence in the credit insurance market. According to Marcele Lemos, CEO for Coface Latin America and Brazil, the company sees opportunities in the region, particularly in areas that remain underdeveloped, as the risk of default and bankruptcy continues to grow.

The Latino Insurance survey reports that the credit insurance market in the region handled USD 521 million between June 2024 and June 2025, while globally the segment is expected to reach USD 10 billion in 2024, according to the International Credit Insurance & Surety Association (ICISA).

“In the credit insurance segment, we see growth opportunities, considering the market size and the areas still under explored, especially considering the growing risk of default and bankruptcy in the region,” said Lemos.

“In this same landscape of opportunities, we have also expanded our service offering in Latin America, offering corporate information solutions and debt collection services in more than 200 countries around the world,” Lemos further added.