Latin America
-
Goods in transit claims on increase in Costa Rica
Costa Rica is seeing an increase in claims due to theft during the transit of goods within the country, according…
-
AXA changes top team ahead of new strategic three-year plan
AXA XL has appointed Renaud Guidée as CEO of reinsurance, replacing Nancy Bewlay who has been named chief underwriting officer…
-
Latest insurance premium tax changes from TMF Group
TMF Group has reported the latest changes to insurance premium tax (IPT) globally, as well as other changes to fees,…
-
HDI International expands in Latin America with Liberty Seguros acquisition
HDI International is to acquire the Liberty Seguros personal and small commercial business in Brazil, Chile, Colombia, and Ecuador from…
-
New MDs for Allianz Commercial in Iberia and Latin America
Allianz has appointed two managing directors to lead its commercial insurance business in Iberia and Latin America. Agustín de la…
-
Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
-
Commercial rate increases of 6% help drive Zurich’s Q1 P&C growth
Zurich’s P&C insurance revenue increased 7% in the first quarter, driven by “strong” growth in commercial business and further price…
-
Latin America remains kidnap hotspot as criminals use instant payment
Latin America remains one of the most challenging regions globally for kidnapping and extortive crime, according to Hiscox and Control…
-
Lockton expands in Brazil with acquisition from Amwins
Lockton has expanded its Brazilian operations with the acquisition of THB Brazil, a full service (re)insurance broker, from Amwins for…
-
Captive growth robust but slowing, say Marsh execs
More businesses are establishing captives as they look to retain more risk in difficult insurance markets but the rate of…
-
Q1 commercial insurance price increases in the Americas dominated by property
Commercial insurance pricing in the Americas increased again in the first quarter of 2023, according to the Marsh Global Insurance Market…
-
D&O liability concerns driven by cyber threats: WTW
Directors and officers ranked economic and cyber risks as the top concern for their business operations, according to a global…
-
Allianz Trade expands XoL solution to Spain and Brazil
Allianz Trade has expanded its excess of loss (XoL) reach with additional resources in Germany and Singapore, and new teams…
-
Risk managers face capacity crunch in political violence and SRCC markets
Grievances tied to inequality, the cost-of-living crisis and broader disenfranchisement, combined with the lasting economic effects of Covid-19 and Russia’s…
-
Senior leadership team changes at Oneglobal Broking
Oneglobal Broking has announced a number of changes to its senior leadership team and established a global executive committee. Roger…
-
Vale pays $56m to settle false ESG claims over Brumadinho dam
Brazilian mining firm Vale has paid $55.9m to settle regulatory charges it misled investors over ESG disclosures that assured the…
-
Tighter global construction insurance market expected throughout 2023
While the extent of challenges faced by construction insurance buyers will vary across global geographies, WTW expects the overall marketplace…
-
Chile’s $350m cat bond is first listed in Hong Kong
The World Bank has listed a $350m catastrophe bond on Hong Kong Exchanges and Clearing (HKEX) that provides the government…
-
Claims against BHP for Brazil dam collapse balloon to £36bn, says law firm
Damage claims facing mining firm BHP over the Fundão dam collapse in Brazil that caused the country’s worst-ever environmental disaster…
-
Steep rise in crisis incidents across Europe last year
Europe accounted for nearly a third (30%) of crisis incidents across the globe in 2022, according to WTW’s 2023 Crisis…