Latin America
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Marine market premiums and profitability grew in 2021 but tougher times ahead, says IUMI
Global marine insurance premiums increased by 6.4% in 2021, with strong growth in Europe and Asia, but tougher times are…
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Brazil market update: ILS legislation on the way
Tony Dowding talked to João Marcelo Santos, founding partner of Santos Bevilaqua Advogados, and former director and deputy superintendent of…
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Heat stress to be extreme risk for 71% of global food production by 2045
About three quarters of today’s global food production will face extreme risks from heat stress by 2045, according to a…
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Global insurance price rises moderate in second quarter, finds Aon
The global insurance market continues to shift to more moderate conditions, with modest price increases combined with growing capacity in…
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TMF Group update on IPT rate changes globally
TMF Group has highlighted a number of insurance premium tax (IPT) rate changes from around the globe, together with other…
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No relief in sight for insurance and reinsurance buyers says Munich Re
Munich Re reports strong reinsurance renewals on 1 July, particularly in the US, Latin America and Australia. Prices across its…
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Protest and civil unrest increases in Latin America
Protests and civil unrest are on the rise in Latin America as a result of economic and social stress, with…
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Rates increases steepest in UK and US but moderation trend continues: Marsh
Commercial insurance rates were up across all global regions in the second quarter with the steepest rises again in the…
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Aon reports strong revenue growth on back of ‘modestly positive’ market
Aon has reported further strong second-quarter revenue growth on the back of the ongoing firm global insurance market and a…
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Big first-half increase in premium for Mapfre but net earnings fall
Mapfre has recorded the largest half-yearly premium volume in the last five years but saw a 7.3% fall in net…
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Chile’s insurance industry outlook revised to stable from negative by AM Best
Improved market dynamics in Chile, together with effective new regulations and a gradual economic recovery, have seen AM Best revise…
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BMS Re enters Mexican surety market with Calomex acquisition
BMS Re has acquired Calomex, a Mexico City-based specialist reinsurance broker. BMS Re said the move sees it enter the…
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New senior underwriter for AXA XL’s structured risk solutions business for the Americas
Alonso Tello has been appointed as senior underwriter for AXA XL’s structured risk solutions business for the Americas. He will…
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Risk managers must up their game to tackle cascading climate change risk ‘blindspots’, warns Verisk
Most companies and governments are “woefully unprepared” for the knock-on effects of climate change and are creating “risk blindspots”, warns…
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New head of Latin America for WTW
WTW has appointed Hector Martinez to lead Latin America, in addition to his role leading corporate risk and broking for…
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Scor set for €200m loss from Brazil drought
Scor expects losses of just under €200m from the droughts in Brazil during the first half of this year. The…
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BHP to face £5bn group claim in UK over Brazilian dam collapse
Mining group BHP will face a £5bn lawsuit in the UK over the Fundão dam collapse in Brazil that caused…
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Inflation and slow GDP growth pressuring Mexican insurance industry, says Best
Mexico’s insurance market is expected to remain pressured by the challenging economic environment, according to AM Best. As a result…
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Calls for more progress in liberalisation of insurance regulation in Brazil
Insurance Europe believes more ambition is needed to support the ability of European (re)insurers to place business in Brazil on…
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Best keeps negative outlook on Peru’s insurance industry
AM Best is keeping its market segment outlook on Peru’s insurance industry at negative, driven by ongoing economic challenges, difficult…
