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Insurance
Fitch Ratings has upgraded life insurer AIA Group Limited's Long-Term Issuer Default Rating (IDR) to 'AA-' from 'A+' and affirmed the Insurer Financial Strength Ratings of AIA Company Limited and AIA International Limited at 'AA'. 23 November 2017
Insurance
The 2017 hurricanes Harvey, Irma and Maria (HIM) led to recorded estimated losses of $31.2 billion net of reinsurance costs for Bermuda re/insurers, according to the Bermuda Monetary Authority (BMA). 22 November 2017
Insurance
China's decision to ease restrictions on foreign ownership of financial institutions will likely pave the way for foreign insurers, fund managers and securities to invest in or compete with China's firms. 16 November 2017
Alternative Risk Transfer
The series of earthquakes that took place in Mexico in September and their impact on the Fonden catastrophe (cat) bond may sour the appetite of insurance-linked securities (ILS) investors going forward. 15 November 2017
Insurance
The insurance penetration in Latin America and how it could be increased will be the main talking point at the FIDES 2017 insurance conference in El Salvador, according to a survey carried out by Intelligent Insurer. 15 November 2017
Insurance
“Four years ago we had nothing: no people, no offices, no infrastructure, no policies. Now we have more than 220 people across Latin America.” 14 November 2017
Insurance
The Chilean insurance market has more than doubled its written premium in the last 10 years, according to Jorge Claude, executive vice-president of the Asociación de Aseguradores de Chile (AACH), the Chilean Association of Insurers 14 November 2017
Insurance
Global players are facing competition from regional reinsurers in Latin America, said S&P Global Ratings analyst Pedro Breviglieri. 14 November 2017
Insurance
Reinsurers must step in to take the risks of natural catastrophes off the balance sheets of governments, taxpayers and businesses, according to Daniel Revilla, head of Latin America at Lloyd’s. 14 November 2017
Insurance
Blockchain has the potential to be a catalyst for innovation in many industries, including the re/insurance industry, and taking advantage of new technology is exactly what re/insurers need to do, according to Giacomo Ganz, client manager of the Americas at Allianz SE. 14 November 2017
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