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There will be unique opportunities for niche insurers in the Latin America and Caribbean (LAC) region over the coming year, says Eduardo Llobet, president of the Latin America operations of W. R. Berkley Corporation. 27 October 2015
News
Emerging liability requirements as a result of international investors’ involvement in many of the large Latin American businesses is accelerating claims consciousness in the region, says John Blake, managing partner of Hemispheric Reinsurance Group. 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
News
Reinsurance broker TigerRisk Partners has attracted many entrepreneurial executives who have helped it grow in the seven years since its formation, Mike Schnur, a partner at the broker, told PCI Today. 27 October 2015
Insurance
One of the key challenges presented by the Latin American market is the increase in local market appetite and capacity for risks that were traditionally coming through to Lloyd’s in London. That is the view of Rupert Taylor, head of general liability and multi-line product development for Marketform. 27 October 2015
Insurance
Most countries are experiencing a longevity revolution, says Lucie Taleyson, head of the actuarial and marketing department of AXA Group Life Solutions within AXA France – and countries in Latin America need to plan accordingly. 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
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
Insurance
The American Association of Managing General Agents (AAMGA) has welcomed the news that Lloyd’s is to allow multi-year binding authority agreements of up to 36 months—a change that the AAMGA had wanted for many years. 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
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