Brazil News

When insuring international trade, expect the world

Shipments are delayed, damaged, lost or stolen around the globe with a frequency that is probably not surprising. What is surprising is how significantly the effects of those losses could be mitigated. Think how few things you and your clients …

Insurance and the World Trade Organization negotiations

The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …

Insurance and the World Trade Organization negotiations

The Doha Round at the World Trade Organization has been a serious failure for the insurance sector, despite strong efforts by many parties. Instead of increasing the consensus for free trade, the Round has served to divide the developed countries, …

Liberty Mutual Buying Stake in Turkey’s Seker Sigorta

The Boston-based Liberty Mutual Group plans to enter the Turkish market with the purchase of a majority stake in Seker Sigorta A.S. Liberty Mutual signed an agreement on June 16 with Sert Holding A.S. for the acquisition of a majority …

World Cup Starts in Germany

5:00 p.m. on a Friday is usually associated with “TGIF” as the weekend begins. However, for much of the world this Friday at 5:00 p.m. (local time) it marks the beginning of a very special sporting event – the quadrennial …

Guy Carpenter Names Powell to Head Latin America, Caribbean; Callahan to Manage Treaty Business

Guy Carpenter & Company, Inc., Marsh & McLennan’s global risk and reinsurance specialist, announced that Hugh Powell has assumed the role of CEO of its Latin America and Caribbean Region. He will manage Guy Carpenter’s operations in Argentina, Brazil, Chile, …

People and Places

Cathleen C. Beavers was named general manager of the Texas Automobile Insurance Plan Association. Previously, Beavers was residual market business advisor for USAA in San Antonio where she managed the auto residual market for the company nationally. She has served …

Liberty Seguros Portugal in Alliance with Portuguese Insurer Acoreana

The Liberty Mutual Group announced form its Boston headquarters that its Portuguese subsidiary, Liberty Seguros Portugal, has signed a memorandum of understanding with insurer Acoreana to form a strategic alliance in the Portuguese insurance business. Liberty said that once the …

U.S. Regulators Promote Information Exchange with Russians

The nation’s insurance regulators have moved to strengthen cooperation with their counterparts in Russia by signing a memorandum calling for improved information exchange. During its spring meeitng in Orlando, Fla., the National Association of Insurance Commissioners President Alessandro Iuppa formally …

Martinez de la Fuente to Represent HCC in Latin America

Houston-based HCC Insurance Holdings Inc. announced that Luis R. Martinez de la Fuente has been retained as a consultant to assist the company’s planned international expansion in Latin America. Martinez, who has residences in Mexico City and Miami, has been …