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Brazilian reinsurer Terra Brasis has appointed Luiz Pestana as chief commercial officer and Paulo Hayakawa as chief underwriting officer, following a restructuring of the business. 7 April 2014
Insurance
Low insured losses are expected following the 8.2 magnitude earthquake that struck Chile’s coast on the evening of April 1, 2014. 3 April 2014
Insurance
The anticipated global economic recovery will be too modest to fully benefit many industries and countries around the world with Europe one of the biggest causes for concern. 31 March 2014
News
Allianz Global Corporate & Specialty Resseguros Brasil (AGCS Brazil), the business formed earlier this year by Allianz Global Corporate & Specialty to operate as a local reinsurer in Brazil, has secured a financial strength rating of A from AM Best. 28 March 2014
Insurance
The unrealistic and unnecessarily ambitious timetables set around the implementation of some global regulatory regimes with profound consequences for insurers risk hindering the industry’s ability to support the ambitious economic growth targets agreed last month by G20 finance ministers. 21 March 2014
Insurance
A Miami court has ruled against Costa Rican insurer Instituto Nacional de Seguros (INS) in relation to a dispute surrounding the placement of the reinsurance that ultimately covered policies relating to assets owned by Instituto Costarricense de Electricidad (ICE), one of the largest companies in the country. 21 March 2014
Insurance
Insurer Allianz has said it anticipates more growth in its Latin American operations despite economic growth in the region remaining below expectations. 20 March 2014
News
Howden Broking Group, part of Hyperion Insurance Group, will acquire NMB Colombia Corredores de Reaseguros SA, a reinsurance broker located in Bogota. 19 March 2014
Insurance
US private equity fund Kranos Capital has acquired the Argentine operations of insurer Liberty Mutual. 17 March 2014
Insurance
2013 proved to be a weak year for deal flow in the insurance industry—particularly in risk-bearing sectors, according to a new study by Conning, with transaction numbers down 6.7percent compared with 2012 and the aggregate deal values down 55.3 percent. 14 March 2014
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