Latin America
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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…
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Cunningham Lindsey appoints director for Brazil growth
Loss adjuster Cunningham Lindsey has appointed Andre Lopes as director in a move to boost its Brazilian operations. Mr Lopes…
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New association for DAC Beachcroft in Argentina
DAC Beachcroft has agreed a new association with a law firm in Argentina, continuing its Latin American expansion. The new…
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GFIA highlights increasingly protectionist environment
The annual report of the Global Federation of Insurance Associations (GFIA) has highlighted that an increasingly protectionist environment threatens open…
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Protectionism creates dangerous concentrations of risk, warns Insurance Europe
Insurance Europe has warned that protectionism can create dangerous concentrations of risk, and says that open (re)insurance markets are the…
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Generali offers cyberbreach product in Brazil through Beazley partnership
Beazley has partnered with Generali to manage data breaches for Generali Brazil’s new cyber insurance offering for its corporate and…
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Liberty Specialty Markets focuses its Latin American treaty reinsurance strategy
Liberty Specialty Markets (LSM) has promoted José Ernesto Ospina to the newly-created role of LatAm reinsurance regional manager, as it…
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Insured loss estimates for Mexico earthquake up to $2bn
The Puebla earthquake that hit central Mexico last week is estimated to result in insured losses of up to $2bn,…
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Markel’s Jeremy Brazil to step down
Jeremy Brazil is planning to stand down from his full-time executive role at the end of this year. Mr Brazil,…
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Best expects improved solvency and insurance penetration in Mexico
The new Solvency II-type regulations in Mexico allow for more efficient capital use, innovation in new segments and expanded distribution…
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Moody’s cross-sector report on Mexico sees solid premium growth
The Mexican insurance industry has seen premiums rise at a five-year compound annual growth rate (CAGR) of 10% as of…
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Protectionist measures in Indonesia, Turkey and Argentina highlighted by Insurance Europe
Insurance Europe has published updated country fact sheets for Indonesia, Turkey and Argentina. The fact sheets highlight a range of…
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Generali posts positive first-half numbers
Generali’s net profit increased by 3.7% in the first six months of this year to €1.2bn, with operating income up…
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Insurance markets’ recovery on track during next decade, Allianz study predicts
Global property and casualty (P&C) and life premiums are set to grow nearly 6% annually during the next decade, compared…
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Global non-life premium growth driven by China and emerging markets in 2016
Another “exceptional performance” in China, together with solid expansion among the emerging countries, saw global non-life premiums grow 3.7% in…
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Swiss Re Corporate Solutions joint venture with Bradesco Seguros begins operation in Brazil
Swiss Re Corporate Solutions has completed its joint venture transaction with Brazilian insurer Bradesco Seguros SA, a company controlled by…
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Latin American non-life market premium falls in 2016, Mapfre research finds
The non-life insurance market in Latin America declined by 11.3% in 2016, with total premium volume of around $78.7bn, according…
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South American political and economic risk assessment from Atradius
The economic environment in Brazil will remain challenging while in Chile, the business environment remains one of the best in…