Latin leaders
The insurance and reinsurance markets in Latin America have benefitted from a number of factors in recent years. Economic growth, particularly in Brazil, has driven demand for insurance and reinsurance products.
Along with a growth in the country’s GDP, Brazil is also due to play host to major events including the 2014 Football World Cup and the 2016 Olympics, which will again drive demand for both insurance and reinsurance.
Recent regulatory liberalisation has also presented opportunities for companies to begin and expand operations in a number of Latin American countries, which had until recently been dominated by government-backed monopolies.
This growth in the diversity of the insurance and reinsurance market in Latin America is clearly represented in the results of this survey, with a wealth of local companies being represented. These local companies have also benefitted from an influx in international insurance and reinsurance companies that have brought with them both expertise and extra capacity.
However, whilst the Latin American insurance and reinsurance markets have been able to benefit from the experience of international companies, this growth is potentially being threatened by new protectionist regulation in countries such as Brazil and Argentina.
Whilst the intention of these regulatory changes is to protect local companies, many are concerned that they could in practice have the opposite effect, by driving down competition and reducing international capacity in the market.
Whether this will happen, only time will tell; but as the results of the survey show, the Latin American market is host to a diverse mixture of both local and international players, which all work to add to the growth being enjoyed in the region. Here is a selection of the winners, with the full results being published later in the year.
Leading International Insurer
Market leader
Allianz Zurich
Highly commended
ACE
Chartis
Liberty
Mapfre
Leading International Reinsurer
Market leader
Munich Re
Swiss Re
Highly commended
Hannover Re
Mapfre
Transamerica Reinsurance
XL Re
Leading Regional Reinsurer
Market leader
Pacífico Peruano Suiza
Highly commended
HDI Seguros
La Vitalicia
Pacífico Vida
Leading International Insurance Broker
Market leader
Marsh
Highly commended
Miller
Leading International Reinsurance Broker
Market leader
Aon Benfield
Highly commended
Cooper Gay
Guy Carpenter
Marsh Willis
Commended
Miller
Towers Watson
Leading Loss Adjuster for the Reinsurance Market
Market leader
Crawford & Company
Highly commended
Ajustes Calderon, S.A.
Belcher Maddox
Axis
Leading Bank for the Reinsurance Industry
Market leader
HSBC
Highly commended
Standard Chartered
Leading Rating Agency for the Reinsurance Market
Market leader
A.M. Best
Highly commended
Standard & Poor’s
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom