Reinsurance grows, but penetration remains limited in Latin America: Fitch

“We expect demand for reinsurance in Latin America to remain strong during the second half of 2021 due to heightened uncertainties linked to the pandemic and catastrophe weather events and primary insurance companies’ stronger ability to purchase reinsurance given increases in their own pricing,” explained Fitch Ratings’ regional head of Latin American insurance and reinsurance rating, Eduardo Recinos.