Latin America
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Risk radar report identifies climate, AI and regulatory challenges for insurers
The global insurance market is facing a unique combination of climate, AI and regulatory challenges, according to Global Insurance Law…
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Brazilian states return to court to double dam collapse compensation to $19.5bn
A Brazilian court has been asked to more than double compensation payments from mining companies Vale, BHP and their joint…
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Brazilian floods put focus on risk prevention failures as climate change hits
Unprecedented floods that hit southern Brazil in the past two weeks have killed more than 100 people and caused levels…
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Many of the biggest-emitting countries most exposed to climate risk: Verisk Maplecroft
Thirteen of the world’s largest carbon emitters are at risk from the severest impacts of climate change if no action…
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WTW increases global cyber facility capacity and widens coverage
WTW has increased the capacity of its global cyber facility by 50% and broadened coverage following feedback from clients. Capacity…
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Intangible asset value higher than tangible but protection gap persists
A new report from Aon finds that only 19% of intangible asset value is insured among nearly 2,500 organisations worldwide,…
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New head of Generali Global Corporate & Commercial Mediterranean & Latin America
Patricia Puerta has been appointed as the new head of Generali Global Corporate & Commercial (GC&C) Mediterranean & Latin America.…
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Global market flattens out in Q1 as property sees first decreases: Aon
Pricing in the global insurance market finally flattened out in Q1 after a prolonged hardening period, with property buyers beginning…
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Aon introduces suite of risk analytic and financing tools
Aon has unveiled a suite of tools intended to help organisations analyse risks and decide how to structure their insurance…
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Mining firms propose $25bn to settle Brazil dam collapse case
Brazilian mining company Vale has confirmed a proposed settlement of R$127bn ($25bn) for the 2015 failure of the Fundão Dam…
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Legal uncertainty spooks insurers and reinsurers in Brazil
Legal uncertainty is back in Brazil’s insurance market as two pieces of conflicting legislation under analysis by the country’s parliament…
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Marsh launches global alternative risk solutions practice
A new global alternative risk solutions practice has been launched by Marsh, bringing together its expertise in parametric solutions, alternative…
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Climate change could spread malaria risk to new countries, warns International SOS
Climate change could see malaria cases in countries previously free of the disease, bringing new health risks for workers travelling…
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Chubb says Q1 saw ‘best rates’ as it books $2bn profit
Chubb chairman and CEO Evan Greenberg said the group saw “the best rates and pricing” for more than a year…
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MNK Group acquires Costa Rican insurer Oceánica de Seguros
UK-based MNK Group has acquired Oceánica de Seguros, an insurer based in San José, Costa Rica. The deal, completed through…
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Risk management community mourns the death of former Ferma president Jorge Luzzi
International risk management association IFRIMA has announced the passing away of board member Jorge Luzzi, who was for decades a…
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EU and US co-lead effort to tackle critical raw material supply chain risk
The EU has announced an agreement with the US, Kazakhstan, Namibia, Ukraine and Uzbekistan to create a new “club” designed…
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New MGA Devonshire to focus on transactional risk
A new MGA has been launched specialising in underwriting transactional risk and backed by Lloyd’s and a panel of A-rated…
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Liberty Specialty Markets appoints head of war and terrorism, US and Latin America
Anabella Frontado has been appointed to the newly created role of head of war & terrorism, US and Latin America…
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Risk managers turn to parametric solutions as protection gap widens
Parametric coverages are rapidly becoming an essential part of the risk management toolbox, as organisations the world over struggle to…