Reinsurance News
LatAm
Brokerslink launches Trade Credit Insurance practice to meet growing global demand
4th July 2024
Brokerslink, a network of independent brokers, has introduced a specialised Trade Credit Insurance (TCI) practice to meet the rising demand from its international affiliates. This new TCI practice will give Brokerslink’s Partners and Affiliates access to a shared pool of expertise in the Trade Credit sector, allowing brokers to enhance their ... Read the full article
MS Reinsurance eyes strategic expansion in LatAm: CUO (Americas), Segonzac
11th March 2024
In a recent interview with Reinsurance News, Louis de Segonzac, Chief Underwriting Officer (Americas) at MS Reinsurance, discussed the company's strategic focus on expanding its presence in the Latin America (LatAm) market. Segonzac explained that MS Reinsurance maintains a healthy appetite for business in the region, and intends to increase participation ... Read the full article
S&P expects LatAm insurers to face a challenging economic outlook in 2024
26th February 2024
According to S&P Global Ratings' latest analysis of the Latin American (LatAm) insurance landscape, the forecast for 2024 suggests a challenging economic outlook due to an anticipated slowdown in global economic growth. S&P predicts slower growth in the U.S., a significant concern given its strong economic ties with LatAm countries, particularly ... Read the full article
Rate increases & strong demand for reinsurance protection to support LatAm reinsurers: Fitch
19th September 2023
Fitch Ratings has recently revealed that it expects premium rate increases, rising investment yields and strong demand for reinsurance protection globally, will continue to support Latin American (LatAm) reinsurers’ earnings in the second half of 2023 and into 2024. According to the ratings agency, headwinds related to high inflation and interest ... Read the full article
Juan Carlos Gomez promoted to CEO of BMS Re Latin America and Caribbean
16th May 2023
BMS Re, the specialty reinsurance arm of global broking group BMS, has announced the promotion of Juan Carlos Gomez to Chief Executive Officer (CEO) of BMS Re Latin America and Caribbean. Based in Miami, Gomez will take over his new role with immediate effect and will report to Nick Gillett, CEO ... Read the full article
Stere expands into LatAm insurance market
28th June 2022
Digital insurance ecosystem Stere has expanded its operations to the Latin America insurance market, the company announced. Based in Brazil Stere has said it will use its new presence to serve regional embedded and affinity clients such as tech platforms, banks, online marketplaces, superapps, and member-based organisations. Stere has entered the market ... Read the full article
Howden appoints Andoni Hernandez as Regional General Counsel
16th June 2022
Howden, the international insurance broker, has announced the appointment of Andoni Hernandez as Regional General Counsel for its Latin America region and Executive Chairman in Brazil, as of June 1st. Hernandez has over 20 years of experience in similar positions in several jurisdictions, which the company says will ... Read the full article
MAPFRE reports reinsurance growth
18th January 2022
Spanish insurer MAPFRE has released a breakdown of the growth in its written premiums between December 2020 and December 2021, revealing that its reinsurance business grew by 12.8% in this time. The latest results follow the company’s reporting in October that its reinsurance business had grown 14.5% in the first ... Read the full article
H.W Kaufman expands into South America through Prospect acquisition
27th September 2021
H.W. Kaufman Group has expanded into South America through the acquisition of Prospect Brokers Chile based in Santiago, Chile. The acquisition resulted in rebranding Prospect Brokers Chile as Chesterfield LatAm (Latin America) and relocating to a larger office location to accommodate growth. Chesterfield, a Lloyd’s insurance and reinsurance broker in London, is ... Read the full article
Austral Re acquires Markel Brazil businesses
1st June 2021
Brazilian reinsurance company Austral Re has acquired the run-off reinsurance operations of Markel Resseguradora do Brasil, and its parent company Markel Participações (Markel Brasil), with the value of the deal not currently being disclosed. This marks Austral’s second acquisition within the last two years, as the reinsurer expands through the South ... Read the full article
Lloyd’s to launch Miami office
17th September 2019
The specialist Lloyd's of London insurance and reinsurance marketplace has announced a number of changes to its setup in the Latin America (LatAm) region, which includes the establishment of an office in Miami to support and grow LatAm and Caribbean markets. In an email to the LatAm market, Director General, Daniel ... Read the full article
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