Latin America
-
Mexico: hard market, inflation and growing global programmes
The Mexican insurance market is, like many other markets globally, facing a number of challenges, not least the difficult economic…
-
Latest IPT rate changes globally from TMF Group
A number of insurance premium tax (IPT) rate changes, together with other tax changes impacting global insurance programmes, have been…
-
Insurance price rises slow across all major regions in Q4 with FinPro softening: Marsh
Insurance price rises moderated, or were stable, across all regions barring Latin America and the Caribbean during Q4, with financial…
-
Argentina urged to remove regulatory obstacles to reinsurance premium payment
The Global Federation of Insurance Associations (GFIA) has called on the Argentinian insurance supervisor (SSN) to remove regulatory obstacles to…
-
BI and cyber top risk list for Americas and Asia Pac in Allianz Risk Barometer
The two most important business risks in the Americas and Asia-Pacific in 2023 are business interruption and cyber incidents, according…
-
Gallagher acquires Brazilian brokerage
Arthur J Gallagher has acquired São Paulo-based retail brokerage Interbrok Group. Terms of the transaction were not disclosed. Interbrok Group…
-
Neutral 2023 outlook for Latin American insurance sector, says Fitch Ratings
The 2023 outlook for the Latin American insurance sector is neutral in most markets, based on stable industry profile and…
-
Stable pricing in Asia-Pacific and the Americas with focus on risk quality, says Aon
Pricing stabilised for most lines in Asia-Pacific, North America and Latin America in the third quarter of 2022, despite bigger…
-
Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…
-
Zurich’s climate charity rolls out urban resilience programme to ten countries
Zurich Insurance Group’s Z Zurich Foundation said it will scale-up its efforts to combat climate change with the launch of…
-
Colombia joins IAIS cooperation and information exchange agreement
The Superintendencia Financiera de Colombia (SFC) has become a member of the International Association of Insurance Supervisors’ (IAIS) Multilateral Memorandum…
-
Best maintains Argentina’s negative insurance market outlook
Argentina’s difficult macroeconomic environment is behind AM Best maintaining its negative market segment outlook on the country’s insurance market. Argentina’s…
-
Risk managers must brace for global geopolitical ‘unravelling’, warns Dragonfly
Next year is set to be defined by a global geopolitical “unravelling”, warns the ninth annual Strategic Outlookfrom security intelligence…
-
Three quarters of risk managers believe they should play bigger role in ESG
While more than half of risk managers surveyed by WTW said they play a significant role in managing ESG risks,…
-
Hurricane Lisa triggers Mesoamerican Reef parametric cover
A parametric insurance cover designed to protect the largest barrier reef in the Atlantic Ocean has been triggered by hurricane…
-
Aon adds Latin America modelling capabilities
Aon has added earthquake and hurricane catastrophe modelling for Latin America and the Caribbean to its capabilities with the acquisition…
-
Zurich predicts stable EMEA P&C market next year
Zurich saw its P&C premiums rise by 8%, or 13% on a like-for-like basis, in the first nine months of…
-
Economic concerns move ahead of environmental and cyber risk in WEF survey
Business leaders in G20 countries are now most concerned by economic threats, according to the World Economic Forum’s (WEF) latest…
-
China hinders growth in sustainability reporting at world’s largest firms
Sustainability reporting is inching towards 100% at the world’s largest 250 companies (G250) but the figure remains unchanged since 2020…
-
Companies must ‘walk the talk’ as modern slavery risk escalates, warns Verisk Maplecroft
A quarter of countries have recorded a significant increase in modern slavery risk since the launch of a key tracker…