Latin America
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Softening market for financial institutions to continue, says Gallagher
The global financial institutions insurance market remained buoyant for policyholders during 2024, despite several well-publicised global and national economic headwinds,…
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Latin American captives grow despite challenges
The number of captives formed by Latin American companies has doubled over the past decade as owners overcome various political…
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Hannover Re reports prices down 2.1% at 1/1 renewal
Hannover Re recorded an average 2.1% drop in reinsurance prices at 1 Jan renewals, inflation and risk adjusted, but saw…
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Argentina’s insurance industry has negative outlook, says Best
Marginal industry growth, volatility in bottom-line results and economic challenges are the actors behind AM Best’s maintenance of its negative…
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Further softening in Q4 as global rates fall 2%: Marsh
Average global commercial insurance rates fell 2% in the last quarter of 2024, as market softening accelerated a touch after…
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Climate change hits record high in Allianz Barometer but cyber risk retains top spot
Cyber, business interruption (BI) and nat cats remain the three most-feared global business risks in the latest Allianz Barometer, but…
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New adjusting office in Rio de Janeiro for Charles Taylor
Charles Taylor has opened a new adjusting office focused on the natural resources sector in Rio de Janeiro, Brazil. The…
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Augment Risk to expand parametric offering in Latin America
Alejandro Solorzano has been appointed as associate partner – LATAM parametric at Augment Risk. The broker said he will play…
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AXA XL appoints Zurich’s Malone to new cyber role in the Americas
AXA XL has named former Zurich North America vice-president Robert Malone to the newly created position of head of large…
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TMF Group on expected IPT and parafiscal changes in 2025
During its recent webinar IPT Compliance Challenges, TMF Group’s Christophe Bourdaire, looked at some of the challenges and hurdles faced…
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BMS buys Spanish broker Rasher
Insurance broker BMS Group is buying Spanish firm Rasher and its Latin American subsidiaries in Colombia and Peru. Rasher specialises…
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Representations and warranties rates on the rise in the Americas: Lockton
Premiums for representations and warranties insurance (RWI) continued to fall in the first half of this year, but an uptick…
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New business transformation and technical excellence unit for GC&C
Generali Global Corporate & Commercial (GC&C) has established a business transformation & technical excellence unit. GC&C said this new structure…
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Brazil sues VW subsidiary in historical slave labour claim
The Brazilian subsidiary of German car manufacturer Volkswagen has been landed with civil action over historical slave labour practices, according…
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Talanx issues $100m parametric cat bond for Chile quake
The German group Talanx has issued its first ever cat bond that should help deliver more capacity for Chilean earthquake…
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Economic risks still dominate WEF survey
Economic risks continue to dominate the concerns of G20 business leaders polled for the World Economic Forum’s (WEF’s) latest Executive…
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Brokerslink launches global trade credit practice
Brokerslink is set to expand the number of its specialty practices, designed to better support international companies, after launching into…
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Many global firms lack plans to manage extreme weather, finds International SOS
A survey by International SOS Foundation has found that just a third of firms (36%) have comprehensive plans and policies…
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Growing demand for cartel insurance in Mexico, says Chaucer
Demand in Mexico for insurance against cartels and other organised crime is rising, according to speciality (re)insurance group Chaucer. It…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…