Latin America
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Best continues negative market segment outlook on Brazil’s reinsurance sector
Brazil’s vulnerability to the Covid-19 pandemic and the macroeconomic stresses that were present before the outbreak are behind AM Best’s…
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Report highlights global legal, regulatory and socioeconomic issues facing insurers
Global Insurance Law Connect (GILC), an alliance of insurance law firms, has launched the second edition of its annual Risk…
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Bolivia’s insurance industry outlook revised to negative, Argentina remains negative – AM Best
AM Best has revised its market segment outlook on Bolivia’s insurance industry to negative from stable, and maintained its negative…
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Supply chain bottlenecks will hamper recovery from virus says Oxford Economics
Bottlenecks in European and global supply chains caused by the Covid-19 pandemic will significantly deepen the economic crisis faced by…
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Sompo Global Risk Solutions appoints CEO of Sompo Mexico
Sompo Global Risk Solutions (GRS) has appointed Ismael Lopez as CEO of Sompo Mexico, succeeding Junji Hisano who has transitioned…
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Mexican insurance sector outlook revised to negative by AM Best
Mexico’s insurance industry and surety segment has seen its market segment outlook revised to negative from stable by AM Best,…
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Zurich rolls out marine cargo platform
Zurich Insurance Group will roll out its new marine insurance platform for small and medium cargo, after a successful introduction…
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Trade tensions to rise in 2020 and threaten political stability, finds Marsh risk map
Escalating trade tensions are expected to continue throughout 2020, causing persistent global political and economic uncertainty for multinational businesses, warns…
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Risk managers rising to the challenge of employee benefits
Employee benefits have become an increasingly hot topic for corporate risk and insurance managers in recent times. This is because…
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Civil unrest, conflict and trade wars to drive political risk in the 2020s
Corporates are being warned to expect an increase in conflicts, civil unrest and trade disputes in coming years, as political…
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Insolvencies set to rise in US with slowdown impacting trading partners: Atradius
Corporates trading in the US face slower economic growth, uncertainty and increased risk of insolvency this year, according to a…
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Zurich’s P&C profits jump 38% as hardening market helps it successfully execute three-year turnaround plan
Zurich’s P&C operating profit jumped 38% to $2.88bn in 2019 with its combined ratio improving 1.4 percentage points to 96.4%,…
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Latin American and Asian insurance markets to see double-digit growth, reveals Mapfre research
The emerging insurance markets of Latin America and Asia will continue to see double-digit increases in the coming 12 months,…
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Latin American insurance markets to improve as economies start to grow
Latin America’s insurance environment is expected to improve as the region’s economies start to grow again in 2020, according to…
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Sompo Global Risk Solutions appoints chief underwriting officer
David Carter has been appointed chief underwriting officer and executive vice-president of the Sompo Global Risk Solutions (GRS) strategic business…
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Climate change tops travel risk list for 2020
Climate change has topped a list of travel risks for 2020, according to poll of top ten threats by Riskline.…
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New Latin America leader for Aon
Aon has appointed Alejandro Galizia as CEO for commercial risk, health, retirement and data and analytics for Latin America. He…
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Cat risks pose $584bn threat to global GDP in 2020
Catastrophic events could wipe $584bn from the global economy in 2020, 3% higher than the value at risk this year,…
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AXA XL buys Lloyd’s coverholder Secure Legal Title
AXA XL has completed the acquisition of London insurance agency and Lloyd’s coverholder Secure Legal Title and is in the…
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Global P&C business profitable in 2018, says Aon study
Global P&C business has again produced an underwriting profit in 2018, with a combined ratio of 98.9%, according to Aon.…