Latin America
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November 3, 2023
Hurricane Otis losses to further harden reinsurance market, says Best
Insured losses from Hurricane Otis in Mexico, which could range between $1.8bn to as much as $6.5bn, are likely to…
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October 30, 2023
Mapfre unveils new structure and international unit
Mapfre has unveiled a new structure, which includes integrating its international operations, and announced multiple executive changes as it seeks…
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October 23, 2023
Demand for political risk cover set to grow as elections mount in 2024: Chaucer
A year of high-stakes elections lies ahead in 2024 and is increasing the appetite for political risk insurance, according to…
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October 11, 2023
Lloyd’s models five-year extreme weather losses at $5trn
Lloyd’s said global economic losses from extreme weather events would total $5trn over a period of five years after it…
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October 4, 2023
Latin American insurance growth hits 15.9% in 2022: MAPFRE
The Latin American insurance market posted growth in non-life business of 15.9%, up to $173.7bn in 2022, following 11.5% growth…
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October 3, 2023
Global carriers increasingly attracted to Latin America
Global underwriters are being drawn to Latin America as the positive economic outlook and more cautious approach from incumbent players…
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September 29, 2023
LATAM buyers turning to international markets as local capacity dries up
Latin American insurance buyers are turning to international hubs like London and Miami to meet their growing appetite for specialty…
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September 28, 2023
Mexico’s insurance sector outlook revised to stable from negative, says Best
AM Best has revised its outlook for Mexico’s insurance segment to stable from negative, given the strong recovery in the country’s…
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September 28, 2023
Brazil’s general insurance sector to see continued growth
Brazil’s general insurance industry is expected to see strong growth in the next few years, reaching $68.03bn in direct written…
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September 25, 2023
Inflation drives rise in political violence in Latin America, warns Chaucer
Protests and riots in Latin America recorded a 6% uptick in 2022/2023 to 5,575 events, according to global specialty insurer…
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September 18, 2023
Tokio Marine partners with analytics firm on renewables insurance in Brazil
Specialty insurer Tokio Marine has partnered with Clir Renewables, a global market intelligence platform for wind and solar, to provide…
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September 6, 2023
Chaucer highlights big increase in demand for cartel insurance in LatAm
Demand for cartel insurance has increased significantly across the Latin America (LatAm) region, according to Chaucer. The product, an add-on…
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September 6, 2023
Generali and Mexican insurer Atlas formalise reinsurance agreement
Generali España, part of the Generali Group, and Mexican insurer Seguros Atlas have formalised a reinsurance agreement that will allow…
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September 6, 2023
Latin American market grew 15.9% in 2022, says Mapfre
The Latin American insurance market recorded a total of $173.7bn in premium volume in 2022, an increase of 15.9%, according…
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September 1, 2023
Aon acquires Uruguayan risk management consultant
Aon has acquired NGS Seguros, a leading risk management consultant in the Uruguayan insurance market, for an undisclosed sum. Aon…
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August 30, 2023
Firms lack proper ESG controls, raising compliance risks
Two-thirds of organisations lack proper ESG controls and 60% do not perform internal ESG audits, according to a survey of…
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August 22, 2023
First Brazilian broker obtains Lloyd’s license
Broker Latin Re says it has become the first Brazilian broker to obtain a license to operate at Lloyd’s, according…
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August 15, 2023
New head of tax for Americas at Liberty Global Transaction Solutions
Harry Ballan has been appointed head of tax for the Americas for Liberty Global Transaction Solutions (GTS), part of Liberty…
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August 11, 2023
Global insurance M&A drops ‘sharply’ in H1: Clyde & Co
Mergers and acquisitions (M&A) in the global insurance industry dropped “sharply” by 17% in the first half this year to…
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July 31, 2023
Global commercial pricing still moderating except in property
Global commercial insurance rates continue to moderate, according to Marsh, but pricing is still increasing and property coverage remains challenging…