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Insurance
XL Catlin’s insurance segment has launched an office in Rio de Janeiro prompted by high demand for marine and construction lines in Brazil. 25 September 2015
Insurance
AM Best has assigned a financial strength rating of A- (Excellent) to Solunion Seguros de Crédito, Compañía Internacional de Seguros y Reaseguros, a credit insurer formed to write business in Spain and Latin America (excluding Brazil). 23 September 2015
Insurance
Catastrophe modelling firm AIR Worldwide has estimated that industry insured losses from the earthquake that struck Chile’s central coast near Illapel on September 16 will be between CLP 400 billion ($600 million) and CLP 600 billion ($900 million). 22 September 2015
News
Indian reinsurer GIC Re will seek growth by extending its reach to the US and Latin American markets, while working on an initiative with the Indian government to create a natural catastrophe pool in India. 14 September 2015
News
New solvency regulations coming into force in many Latin American countries will drive appetite for reinsurance, but the challenges of soft rates, slow GDP growth and economic volatility remain, Ingrid Carlou, chief executive of Patria Re, told Monte Carlo Today. 13 September 2015
Insurance
Re/insurance law firm DAC Beachcroft has launched a Miami office to strengthen its platform in Latin America. 12 September 2015
Insurance
RSA Insurance Group (RSA) will sell its operations in Latin America (RSA Latin America) to Suramericana SA, the insurance subsidiary of Grupo de Inversiones Suramericana (Grupo SURA), for £403 million. 9 September 2015
Insurance
Claims handling firm Cunningham Lindsey has announced the creation of a new loss adjusting, audit and review and training hub, based in Miami, from which it plans to expand the support it can offer clients across Central and South America and the Caribbean. 8 September 2015
News
Barents Re, the Panama-based reinsurance company, has secured a rating upgrade from AM Best, based partly on its diversification into Europe in recent years. 4 September 2015
News
Growth opportunities for the reinsurance market in Latin America (LatAm) are ample, given the relatively low insurance penetration rate in Latin America (2.5 percent on average), compared with the US and Europe (above 7 percent). 28 August 2015
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