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The Brazilian reinsurance market has grown at a cumulative real growth rate of 29 percent since the opening of Brazil’s reinsurance market to competition in 2008, following the break of state-controlled IRB Brasil Resseguros' (IRB) former monopoly. 28 July 2014
Insurance
Specialty re/insurer Brit has made a number of underwriting hires for its new Miami-based Latin American and Caribbean platform. 22 July 2014
Insurance
Lloyd’s of London successfully predicted that Germany would win the 2014 FIFA World Cup, basing its prediction on insurable value. 17 July 2014
News
Tony Matta, an experienced re/insurance executive responsible for the formation of several new ventures focused on the Latin American region, has formed a new broker targeting the area. 16 July 2014
Insurance
Moody's Investors Service has upgraded Rimac Seguros y Reaseguros, the largest Peruvian insurer. 15 July 2014
Insurance
Brazil’s largest investment bank, Banco BTG Pactual, has agreed to buy Swiss private bank BSI from Generali for SFr1.5 billion ($1.68 billion). 14 July 2014
News
Brazil’s largest investment bank has unveiled plans to boost its presence in the global reinsurance industry through the acquisition of Ariel Re, Global Atlantic’s Bermuda-based property/casualty reinsurance company. 11 July 2014
Insurance
Specialist global insurer Hiscox has appointed Simon Zelenoy, formerly of Argo, to develop its London market business in Brazil. 9 July 2014
Insurance
ACE has completed a significant acquisition that will see it become the largest commercial P&C insurer in Brazil – the largest insurance market in Latin America. 7 July 2014
Insurance
Cooper Gay Swett & Crawford (CGSC), the independent wholesale and reinsurance broker, is to expand its Swett & Crawford wholesale broking business into the Latin American market. 3 July 2014
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