Brazil News

Willis Names Fyfe Regional Specialist Leader for Latin America

Willis Group Holdings announced the appointment of Edward Fyfe as Regional Specialist Leader for Latin America. He is based in Peru, and “will strengthen the linkage between Willis’ Latin America operations and its Global Specialties business in the region which …

Broker MDS Holdings Acquires Quorum Saude

Iberian and Latin American broker MDS Holdings has acquired broker Quorum Saude, Seguros e Previdência and has appointed its founder Hélio Novaes as CEO of its Brazilian operations. “Quorum is a well known multi-line broker in the Brazilian market with …

EU Leaders Agree on Trade, But Clash over Roma Expulsions

The European Union agreed on Thursday to sign a free-trade pact with South Korea and grant Pakistan trade concessions after floods, but a row over France’s deportation of Roma migrants marred a one-day summit. The agreement on trade issues was …

US to Host Major Economies Climate Forum in New York

The United States will host a meeting of the world’s biggest economies in New York to discuss climate change on Monday and Tuesday [next week], the U.S. State Department said. The Major Economies Forum will bring together 16 of the …

Paschoal Named Marsh Brazil CEO

Marsh announced that Eugênio Paschoal has been appointed as the new CEO of Marsh Brazil effective January 1, 2011. He will be based in São Paulo, and will be responsible for driving Marsh Brazil’s operating model and ambitious expansion strategy. …

Best Affirms Ratings of Lloyd’s Syndicate 510 and Kiln Group Limited

A.M. Best Europe – Rating Services Ltd has affirmed the Best’s Syndicate Rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Lloyd’s Syndicate 510, which is managed by R.J. Kiln & Co Ltd. Best also affirmed …

Insurers Refute Oil Spill Rumors, Prepare for Consequences

The oil well may have been capped, but the fallout from the Deepwater Horizon spill is far from over for the offshore energy and insurance industry. However, as of right now, rates and capacity in the insurance marketplace have not …

EU Toughens Sanctions on Iran; Talks Sought; Insurance Cut-Off Weighs

Iran said on Monday it was ready to return to talks on a nuclear fuel swap, a surprise that came shortly after the European Union agreed tougher sanctions, including a block on oil and gas investment. EU foreign ministers approved …

Lloyd’s Lauds Buoyant Brazil

Lloyd’s Chairman Lord Levene, speaking at a recent Lloyd’s seminar in Rio de Janeiro, gave high marks to the successful establishment the Lloyd’s market has made in Brazil, describing it as “uniquely qualified to support Brazil in its transformation into …

Business Groups Press Emerging Economies over Doha

Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter, sent on Wednesday, is …