The XL Group plc and its subsidiaries announced that the Group has received final approval from the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), to establish an insurance operation in the country. The company, XL Seguros Brasil …
A $10.6 billion lawsuit against U.S. oil company Chevron and rig contractor Transocean could further cool an increasingly chilly investment climate in Brazil’s natural resources industry. The lawsuit, filed as a result of a small oil spill off Brazil’s coast …
Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora de Seguros Ltd. The deal marks the first expansion for Hub outside the U.S. and Canada. The agreement makes …
U.S. oil company Chevron will fully clean up a spill off Brazil’s coast, George Buck, the CEO of the local subsidiary said on Sunday, taking responsibility for an accident that has become a major test for one of the world’s …
The Federation of European Risk Management Associations (FERMA) announced that it has sent “specific recommendations to the Brazilian insurance regulator SUSEP to limit the impact of regulations 225 and 232 on market capacity and security in the interest of business …
Willis Group Holdings plc announced that Luis Maurette has been appointed Regional CEO of its Latin American operations. He is based in São Paulo, Brazil, and reports to Tim Wright, who this week was named CEO of Willis International. “Latin …
Liberty Syndicate Management Limited, a member of Liberty Mutual Group, has enhanced its presence in Brazil with the appointment of Douglas Sakamoto. He was previously a “marine underwriter for a global reinsurance company in Brazil for four years, at a …
Swiss Re announced that it has submitted an application to Brazil’s Superintendence of Private Insurance (SUSEP) for a local reinsurance registration. Swiss Re said it “views a Brazilian reinsurance registration as a local reinsurer as the next step in its …
The Travelers Companies announced that the company has completed its acquisition of a 43 percent interest in JMalucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil with a market share in excess …
