Reinsurance News
Latin America
Latin American protectionism could threaten re/insurance growth prospects: Carnegie-Brown
16th February 2018
Despite Latin American market conditions of low insurance penetration and strong economic growth being favourable for an upsurge of re/insurance demand, the region's protectionist stance could put a damper on efficient risk transfer and consequently hinder socio-economic development, Lloyd's chairman Carnegie-Brown warned at a recent Lloyd’s Meet the Market event in Miami. Carnegie-Brown ... Read the full article
Pioneer establishes Latin America hub, names four new regional SVPs
8th January 2018
Pioneer Underwriters has launched its regional hub in Latin America and announced the hiring of four insurance and reinsurance industry professionals as Senior Vice Presidents (SVP), based in Mexico City. Complementary to the firm's global facultative underwriting operations in London, Pioneer Underwriters has announced the establishment of its Latin America hub ... Read the full article
Andre Lopes joins Cunningham Lindsey as Director, Brazil
14th December 2017
Cunningham Lindsey has announced that Andre Lopes will join the firm's Brazilian operations as Director from Crawford & Company, where he was Brazil Chief Executive Officer (CEO). The global loss adjuster views Brazil as a key growth area, and it currently operates across the country from offices in Rio de Janeiro ... Read the full article
LatAm reinsurers challenged by shrinking profits but ratings remain stable: Fitch
10th August 2017
Latin American reinsurers appear set to see their profitability challenged over the next 1-2 years, the global soft market, contracting local economies, high interest rates, risk-based capital solvency regulations and sovereign-constrained ratings, are among many factors making conditions increasingly difficult for regional carriers. Despite these challenges, Fitch’s rating for LatAm reinsurers ... Read the full article
Blue Marble agrees microinsurance deal for Nature Conservancy programme in Latin America
21st July 2017
The Nature Conservancy and Blue Marble Microinsurance have announced an agreement to embed insurance protection into ecofriendly Silvopastoral Systems in Latin America. The Silvopastoral system minimises greenhouse gas emissions from cattle ranching - reportedly one of the highest contributors to global warming - helping to prevent climate change and create sustainable ... Read the full article
Argo Hires Jorge Luis Cazar León to head up Latin America re/insurance
12th June 2017
Specialty insurance and reinsurance provider Argo Group International Holdings, Ltd. has named Jorge Luis Cazar León as its new Head of Latin America, a role which will see him with oversight of both insurance and reinsurance operations in Central and South America. Cazar takes up the role with immediate effect and ... Read the full article
Reinsurance demand to increase in Latin America
11th April 2017
Demand for reinsurance is expected to grow in certain Latin American countries, providing opportunities for both local and global players. Aon Benfield identified a number of trends that could drive increased demand for reinsurance in Argentina, Brazil and Chile, in its latest Evolving Criteria report on regulatory and rating ... Read the full article
Latin America – a beacon of success for integrated disaster risk schemes
30th March 2017
Latin America has seen growing success in mitigating risk from natural disasters as it expands its public-private partnership with re/insurance schemes to preempt heavy post-event costs, Brink - a Marsh Mclennen company's publication - recently highlighted. With populations highly concentrated in cities throughout Latin America, much of the GDP and economic ... Read the full article
Lloyd’s “absolutely committed” to Latin America: Inga Beale
23rd February 2017
The specialist Lloyd's of London insurance and reinsurance marketplace is "absolutely committed" to Latin America and will continue to expand its presence and capabilities in the region, ultimately helping to increase insurance penetration levels, according to Lloyd's Chief Executive Officer (CEO), Inga Beale. In a keynote speech delivered at Lloyd's of London's ... Read the full article
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