Latin America
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Large ports pose accumulation and supply chain risk, warns Russell Group
Large ports have become centres for high value concentration, raising the threat of risk accumulation, according to data and analytics…
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FCA fines JLT Specialty £7.8m for Colombian bribery scandal
UK regulator the Financial Conduct Authority (FCA) has fined JLT Specialty £7.8m for failing to control financial crime that resulted…
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New regional general counsel for Howden’s Latin America region
Andoni Hernandez has been appointed as regional general counsel for Howden’s Latin America region and executive chairman in Brazil. Howden…
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WTW appoints new head of FINEX for Latin America
Andrea García Beltrán has been appointed as the head of FINEX for Latin America at WTW. According to the broker,…
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Everest Insurance enters LatAm market with Chilean subsidiary
Everest Insurance has entered the Latin American market with regulatory approval of its Chilean subsidiary, based in Santiago. Everest, the…
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Insurance premium tax updates and deadlines from TMF Group
TMF Group has provided the latest insurance premium tax (IPT) updates and alerts from around the globe, together with upcoming…
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Businesses face widespread security risk in world’s biggest cities, Verisk index shows
Some 22% of the world’s largest cities are running high or extreme security threats to businesses, according to risk intelligence…
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HDI in Brazilian acquisition from Sompo
HDI International has acquired the retail business of Sompo Seguros in Brazil for about BRL1,050m, subject to certain closing account…
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Market conditions improving in the Americas and Asia: Aon
Pricing has stabilised or seen increases moderate in most regions of the world, although Asia is seeing challenging conditions for…
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New country manager for Colombia and Ecuador at Oneglobal
Oneglobal Broking has appointed Luis Miguel Galvis as country manager, Colombia and Ecuador. He will report directly to Ernesto de…
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Peru sues Repsol and insurer Mapfre for oil spill damage
The government of Peru has filed a civil lawsuit against oil firm Repsol and its insurer Mapfre, claiming $4.5bn in…
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Lockton delivers record brokerage revenues
Lockton posted a record $2.69bn in brokerage revenue for the 2022 fiscal year ended 30 April. The privately held broker…
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Report highlights insurance regulatory changes in Mexico, Brazil and India
Global Insurance Law Connect’s (GILC) 2022 Radar Report has highlighted a number of regulatory changes impacting the insurance sector in…
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Cost-of-living crisis driving rise in civil unrest risk, finds Verisk Maplecroft index
Middle-income emerging markets are most at risk of spikes in civil unrest, driven by the cost-of-living crisis, during the next…
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Zurich says Ukraine losses ‘immaterial’ as strong rate growth drives premiums
Zurich’s first-quarter P&C revenues rose strongly on the back of continued rate rises, particularly in North America. The group forecasts…
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Mapfre posts strong recovery in premiums as Covid-19 impact recedes
Spanish insurance giant Mapfre reported a strong recovery in premium growth for the first quarter of this year, after struggling…
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Marsh expects rate increases to continue moderating as index shows slow down across regions
Insurance rate increases fell across all regions in the first quarter barring Latin America but were highest in the UK…
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Lloyd’s appoints market development manager for Central America to boost access
Yelhis Hernandez has been appointed as Lloyd’s market development manager for Central America. She will also be responsible for developing…
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Insurtech funding up 175% to nearly $20bn in 2021
Funding for insurtech companies reached $19.8bn in 2021, up 176% from the prior year, according to a report from research…
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Marsh McLennan reports higher revenue as rates rise again
Marsh & McLennan reported a double-digit rise in underlying revenue in the first quarter as rates continued to climb, and…