Liberty Mutual Group is adding to its operations in Spain by purchasing Royal & Sun Alliance’s property and casualty and life insurance operations in the country. The purchase will expand Liberty Mutual Group’s Spanish base, which began when its subsidiary …
A new report from international financial analysts Standard & Poor’s sees substantial growth potential in Latin America and analyzes the prospects of the region’s 50 largest insurers. Highlights of the report show that insurance markets in the region account for …
Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an undisclosed price. The Dutch group denied that the sale …
Australia’s QBE Insurance expanded its Latin American presence with the purchase of Argentina’s HIH Aseguradora de Riesgos del Trabajo from HIH, and three other South American insurers from the U.S.’s financially troubled Reliance Group. QBE paid around $25 million to …
ACE International, the global operations arm of Bermuda’s ACE Ltd., announced plans to open a new regional headquarters in Sao Paulo, Brazil, headed by Acacio Queiroz, to serve the company’s Latin American clients. The new office, which is expected to …
Hartford Life, a leader in retirement funding in the United States, has reached an agreement with Seguros DFI and Fianzas DFI of Mexico City to acquire a controlling interest in the two companies and sell life insurance and related products …
ZonaFinanciera.com, a provider of online financial services and information for Latin America, announced a strategic alliance with American International Group, Inc. (AIG). Auto and homeowners insurance provided by AIG member companies will be offered in Argentina, Brazil, Chile, Mexico, Venezuela …
