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Insurance
Despite the International Monetary Fund’s downbeat forecast for economic growth in Latin America – an anticipated fifth year decline to less than 1 percent – there are still many reasons to remain optimistic about the long term prospects for international re/insurers operating in the region, said John Giralt, Hiscox’s MGA’s managing director in Miami. 28 October 2015
Insurance
General liability and the casualty classes will have a higher profile at FIDES 2015 over the traditional property insurances, says Rupert Taylor, head of general liability and multi-line product development for Marketform. 28 October 2015
Insurance
Success in the Latin America market relies upon strong local knowledge and adaptability, says Ramiro Rencurrell, vice president of BMI Financial Group. 28 October 2015
News
The adoption of Solvency II-type regulations in Mexico will be positive as risks will be better managed and understood. Reinsurance can also play an important role in offering tailored solutions, said Agnès Bruhat, head of life protection pricing, Southern Europe, Middle East, Latin America, Canada for PartnerRe. 28 October 2015
Insurance
Aviation remains a growing sector in the Latin American region due to the strength of the local economies during and subsequent to the Northern Hemisphere recession, says Russell Mason, general aviation underwriter, Antares Managing Agency. 28 October 2015
Insurance
The Latin American market offers opportunities for specialist insurers like Beazley, which are able to bring new and innovative products to the local markets. That is the view of Ricardo Ortega, head of broker relations for Beazley in Latin America. 28 October 2015
Insurance
For aviation insurer Aviabel, the key to success in the LatAm region is sharing its specialist expertise with local firms. Enrique Flores, Aviabel’s head of legal and claims, says this has worked to great effect in Mexico in its partnership with Patria Re and Aviabel’s plan is now to continue its expansion in the LatAm region, mainly by forging similar partnerships. 28 October 2015
Insurance
Captives have existed in Latin America for more than 50 years, but the market has become active only within the last decade. Last year, there were more than 30 captive owners in Mexico and 25 in Colombia, and a significant number in Peru and Chile. 28 October 2015
Insurance
Good governance and technical expertise will be essential under the new Solvency II regime, says Pilar González de Frutos, president of UNESPA—the Association of Spanish Insurers—and new chairman of FIDES. 28 October 2015
News
The need for facultative reinsurance has evolved significantly in the Latin American region, says Pedro Reyes, senior facultative underwriter, head of Latin America and the Caribbean, PartnerRe direct & facultative. 28 October 2015
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