Latin America
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Political violence covers in Latin America see growing restrictions
Global companies are finding it ever harder to buy coverages for political violence in Latin America, after a spate of…
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Mexico earthquake insured losses estimated at $200m
Catastrophe modelling firm Karen Clark & Company (KCC) estimates that insured losses for the earthquake that hit Mexico near Acapulco…
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Global marine premiums up 6% but IUMI cautious over longer-term recovery
Global marine premiums rose 6.1% last year to $30bn with underwriting results improving across all regions on the back of…
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Germany ranks highly in Marsh’s newly launched Flood Risk Index
Germany ranks highly among G20 countries on two key metrics in Marsh McLennan’s newly launched Flood Risk Index that aims…
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KCC estimates insured Ida losses at $18bn
Insured losses from Hurricane Ida will reach $18bn, with $40m in the Caribbean and the rest from wind and storm…
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Lloyd’s report aims to help corporates tackle shifting geopolitical risks
A new report from Lloyd’s has laid out key steps companies can take to help manage emerging geopolitical risks and…
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KCC estimates insured losses from storm Grace at $330m
Insured losses from tropical storm Grace earlier this month are pegged at about $330m, according to initial estimates from Karen…
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Haiti’s earthquake insured loss estimate at $250m: KCC
Insured losses from Haiti’s earthquake at the weekend are estimated at $250m by Karen Clark & Company (KCC), with total…
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Gavi covers Covid-19 vaccine non-payment with innovative risk transfer product
Covid-19 vaccine alliance Gavi has taken out cover to mitigate the risk of non-payment of vaccines by 21 governments around…
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Chlorpyrifos: a risk in waiting
In her book Silent Spring, one of the most important environmental works of the 20th century, Rachel Carson wrote: “A…
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‘Breakthrough’ modelling technology reveals extent of flood risk, says WTW
Willis Towers Watson (WTW) says “breakthrough technology” that will enable insurers to better analyse flood risk and offer new types…
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Strong cyber insurance growth in Brazil, says Fitch
Cyber insurance is growing fast in Brazil according to Fitch Ratings which notes that Brazilian property/casualty (P/C) insurers that underwrite…
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Report highlights global convergence of critical issues in insurance markets
There has been a convergence of critical issues in insurance markets around the world, according to Global Insurance Law Connect’s…
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Rate increases slowing down in global and EMEA markets, says Aon
The global and European commercial insurance markets remain challenging for buyers but rate increases are decelerating as new capacity enters…
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South America sees return of global capacity to commercial insurance market
Global capacity is coming back to the South American commercial insurance market after a period when international underwriters had shown…
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Howden Specialty forms FI team in Miami
Howden Specialty, part of Howden Broking, has appointed Gerardo Jacobo and Nestor Rodriguez as head of financial lines, Latin America…
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Global risks unit supports big turnaround at Mapfre
Mapfre Global Risks (MGR), the Spanish insurer’s large corporate insurance arm, has posted improved results for the first half of…
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Q2 rates up 28% in UK and 13% in Europe but hardening slows, finds Marsh
Commercial insurance prices increased 28% in the UK during the second quarter, the biggest rise of all regions globally, and…
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Best continues negative outlook for Mexican insurance sector
Aggravating factors from the Covid-19 pandemic are affecting macro and microeconomic fundamentals in Mexico, according to AM Best, and as…
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Latin American premium growth hit by pandemic, finds Mapfre report
LatAm’s insurance market overall grew by 0.2% overall in 2020, with a solid performance by the non-life insurance industry, which…