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Insurance
Pioneer Underwriters has launched a new business in Latin America. It has opened a regional hub in Mexico City and appointed four senior insurance professionals as senior vice presidents. 8 January 2018
Insurance
Manuel Escobedo, the chairman of Mexican reinsurer Patria Re, is also fulfilling the role of interim chief executive, the company has confirmed, while it seeks a permanent replacement for Ingrid Carlou who stepped down in December last year. 2 January 2018
Insurance
Allianz X, the digital investment unit of the Allianz group, is investing $96.6 million in digital microinsurer BIMA. 20 December 2017
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has partnered with motor specialist Grupo Ordás, one of Mexico's top five brokers, to enter the Mexican insurance market. 15 December 2017
Insurance
Ingrid Carlou, the CEO of Patria Re, has left the reinsurer with immediate effect, Intelligent Insurer can reveal. 4 December 2017
Reinsurance
After a significant contraction of gross domestic product (GDP) in Latin America in 2016, economic growth in major economies like Brazil and Argentina is bouncing back, sparking optimism among insurers and reinsurers. 29 November 2017
Insurance
Insurers see increasing growth opportunities in Latin America through the development of products for the lower income population which will help reduce the protection gap in the region. 24 November 2017
News
“The trend of multinational ingress into the region seems to be waning, with some big insurance companies having sold, or being in the process of selling, their operations, due to less than satisfactory performance.” This is the opinion of James Grieve, senior vice president at SCOR Reinsurance, speaking to Intelligent Insurer. 15 November 2017
Alternative Risk Transfer
The series of earthquakes that took place in Mexico in September and their impact on the Fonden catastrophe (cat) bond may sour the appetite of insurance-linked securities (ILS) investors going forward. 15 November 2017
Insurance
Bermuda-based PartnerRe plans to double its market share in Latin America within the next three to five years, the head of Latin America Humberto Cabrera, told FIDES Today. A prerequisite for the expansion is that the growth is profitable, Cabrera noted. 15 November 2017
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