Brazil News

Willis Acquires Peru Broker, Brazil Benefits Provider

Willis Group Holdings announced two acquisitions aimed at strengthening the international broker’s presence in the Latin American market. Willis has acquired both JH Asesores y Corredores de Seguros S.A. (JHA), a leading broker in Lima, Peru, and K.R. Athos Consultoria …

S&P Study Finds Latin American Insurers Improve Performance

Overall, Latin American insurance companies are working to improve underwriting results and improve performance, says a report released by Standard & Poor’s Ratings Services titled, “The Evolution Of Profitability In The Latin American Insurance Industry.” “In spite of challenges in …

S&P Issues Upbeat Report on Latin American Insurers

Standard & Poor’s Ratings Services has issued a new, and quite positive, report – “Top 50 Latin American Insurers Show Improving Fundamentals.” The rating agency cited “the growing economies, increased number of countries with single-digit inflation rates, low interest rate …

R&SA Acquires Chile’s Cruz del Sur

Royal & Sun Alliance Insurance Group PLC announced the acquisition of Chile’s leading general insurance business Compañia de Seguros Generales Cruz del Sur S.A. and its Argentinean sister company La República Compañía Argentina de Seguros Generales S.A. for $119 million …

Second Vioxx Trial to Open in N.J. as Suits Against Merck Multiply

Beleaguered drug maker Merck & Co.’s request to postpone the next trial over its withdrawn painkiller Vioxx has been turned down by the judge presiding over the case. Superior Court Judge Carol E. Higbee, who is overseeing nearly 2,500 Vioxx …

Second Vioxx Trial to Open in N.J. as Suits Against Merck Multiply

Beleaguered drug maker Merck & Co.’s request to postpone the next trial over its withdrawn painkiller Vioxx has been turned down by the judge presiding over the case. Superior Court Judge Carol E. Higbee, who is overseeing nearly 2,500 Vioxx …

Allstate Renews U.S. Olympic Sponsorship

Allstate today announced it has extended the company’s sponsorship with the United States Olympic Committee, maintaining Allstate’s designation as the Official Home and Auto Insurance Sponsor for U.S. Olympic and Paralympic Teams through 2008. Allstate has also renewed its sponsorship …

Milliman Notes Internet Seminar on Medical Underwriting Guidelines

Milliman announced that on Aug. 30, it will offer a free Internet seminar titled “International Medical Underwriting Guidelines”. This presentation is an introduction to the upcoming release of the Brazil Medical Underwriting Guidelines and the Mexico Medical Underwriting Guidelines. The …

People & Places

Carlos Mickan Pan-American Life Insurance Company, headquartered in New Orleans, announced the selection of Carlos F. Mickan as executive vice president and chief financial officer. Mickan’s appointment is effective June 20. Carol Fischer Previously, Mickan served as senior vice president …

People

Pan-American Life Insurance Company, headquartered in New Orleans, announced the selection of Carlos F. Mickan as executive vice president and chief financial officer. Mickan’s appointment is effective June 20. Previously, Mickan served as senior vice president and CFO of Principal …