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Insurance
For AXA International Group Life Solutions, the Latin American market provides the perfect opportunity to bring its reinsurance solutions, built up over more than 50 years in France, to a growing market. That is the view of Philippe Francois, head of AXA International Group Life Solutions Development. 27 October 2015
Insurance
Patria Re’s entry into the Lloyd’s Market, achieved via the launch of a special purpose syndicate (SPS) in partnership with the Ironshore-owned Pembroke Managing Agency, will allow the company to diversify and ultimately expand its presence in its home market of Latin America, Ingrid Carlou, chief executive of Patria Re, told PCI Today. 27 October 2015
News
The recent increased intensity of cat events, mainly due to the effect of the El Niño phenomenon, is one of the major challenges facing the Latin American markets, says Cristian Velasco, general manager of THB Chile Re. 27 October 2015
Insurance
The re/insurance market in Brazil is turning a corner as the government makes changes that will nurture growth, according to Marcelo Raposo, General Representative Brazil, Tokio Marine Kiln. 27 October 2015
News
Government efforts to counter the effects of declining oil prices by raising taxes for re/insurers will be a significant theme in the LatAm region over the coming year. That is the view of Daniel Duesterhaus, general manager for Central and South America at Hannover Re. 27 October 2015
Insurance
There is only a low probability that ratings of property/casualty insurance companies in Mexico will be affected by Hurricane Patricia, which made landfall on October 23 along Mexico’s west coast, rating agency Fitch has said. 27 October 2015
Insurance
A key to success in Latin America is recognising that it is a very diverse region with varying cultures, says Louis de Segonzac, head of Amlin’s Latin American business. 27 October 2015
Insurance
FIDES 2015 opened yesterday with speeches from Jose Manuel Camposano, president of the Organizing Committee and president of the Chilean Insurers Association and FIDES president Marco Antonio Rossi. Both highlighted the importance of insurance for nurturing economic development and keeping people out of poverty. 27 October 2015
Insurance
One of the most challenging areas for re/insurance at present in Latin America is around major energy projects because the price of oil has made a number of these less viable, says Mike Methley, CEO of JLT Latin America. However, construction, aviation and marine are growing very strongly, he added. 27 October 2015
Insurance
Good technical underwriting will win out in Latin America despite continuing pressure on the market to write more competitive terms and conditions. That is the view of Santiago Jaramillo, deputy general manager and engineering portfolio manager for Helvetia. 26 October 2015
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