Latin America
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Zurich turnaround plan ‘well on track’, CFO tells investors
George Quinn, group CFO at Zurich, has told investors and analysts that the insurer is “well on track” to meet…
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Latin American and Caribbean economies growing but must manage risks, says World Bank
The economies of Latin America and the Caribbean are growing again after a number of difficult years, but the fragile…
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Insured losses from Hurricane Michael to near $8bn: KCC
Insured losses from this week’s Hurricane Michael in the US will be close to $8bn, according to catastrophe modeller Karen…
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Cargo insurance market remains highly competitive but there is ‘firming’
The global cargo insurance market remains highly competitive, with an abundance of capacity, but there has been a “firming” of…
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Brazil passes GDPR-style data protection law as regimes mount around the world
Brazil has become the latest country to enact tough data protection laws along the lines of the EU’s General Data…
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UAE tops most complex compliance regime list with Ireland bottom
The United Arab Emirates (UAE) has the most complex compliance regime of any country in the world, while Ireland is…
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Non-life premiums slow in 2017, but growth still driven by emerging markets
Global non-life premium growth has slowed, with an increase of 2.8% in 2017 to $2.23trn, compared to growth of 3.7%…
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France’s loss of market share in Africa benefits several European countries, China and India
In 2017, Germany overtook France to become Europe’s leading supplier to the African continent, reports credit insurer Coface, as political risks…
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XL Catlin offers aviation insurance product in Mexico
XL Catlin has launched a new specialty aviation insurance product in Mexico. The new product suite will initially focus on…
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Igrea signs up AGCS to claims charter but plenty more work to be done
Allianz Global Corporate & Specialty (AGCS) is the latest international insurer to sign up to Igrea’s claims charter that, among…
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US winter storms hit $3bn in March: Impact Forecasting
US winter storms are estimated to have caused $3bn in economic losses last month, with insurers picking up two thirds…
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China tops TMF Group’s latest Financial Complexity Index
The most complex nation in terms of financial compliance is China, according to the latest Financial Complexity Index 2018 from…
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EU speeds up completion of free trade agreements – Atradius
The European Union and trading partners are speeding up the completion of free trade agreement negotiations, driven by the growing…
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Market Report – Brazil: Regulatory changes and greater flexibility point the way
The Brazilian economy has taken a hit in recent years, but the country emerged from recession in 2017 and economists…
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Insurance Europe highlights global protectionist measures
Insurance Europe has highlighted a number of protectionist measures in Argentina, Brazil, India, Indonesia and Turkey, in a series of…
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EU and OECD propose new rules to raise tax on digital economy
The EU has stepped up its effort to ensure all companies pay fair tax, with the proposal for news rules…
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Latin American acquisitions create regional hub for Zurich’s Cover-More
Zurich Insurance Group has entered into agreements to acquire 19 leading providers of traveller assistance in Latin America, to boost…
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Zurich set to acquire QBE’s Latin American operations
Zurich Insurance has entered into an agreement to acquire the Latin American operations (Argentina, Brazil, Colombia, Ecuador and Mexico) of…
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Pioneer launches Latin American hub based in Mexico City
Pioneer Underwriters has launched its Latin American business with the opening of a regional hub in Mexico City. Pioneer said…
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Brazilian insurers to focus on underwriting discipline
Brazilian insurers will have to focus on improving their underwriting in 2018 if they are to maintain profitability, according to…