The ACE Group of insurance and reinsurance companies has appointed Farid Eid Filho as Country President for ACE Brazil. He will be in charge of leading the company’s Brazilian operations including all property and casualty and accident and health insurance …
Zurich Financial Services , Switzerland’s biggest insurer, plans to open a reinsurance unit in Brazil, where almost $1 trillion worth of infrastructure projects are boosting demand for risk coverage. Zurich, which had already won limited permission from Brazilian authorities to …
The Bermuda-based Argo Group International Holdings announced that Pedro Purm Jr. has been selected to serve as CEO of its commercial property and casualty insurance operations in Brazil. He “will oversee the creation and operation of a new insurance company, …
The Boston-based Liberty Mutual Group announced that Liberty Seguros in Brazil has signed an agreement with FIFA [soccer football’s governing body] to become a FIFA World Cup National Supporter for the 2014 FIFA World Cup Brazil and the FIFA Confederation …
The Federation of European Risk Management Associations (FERMA) described the Brazilian government’s response to complaints about proposed changes in re/insurance regulations as “a good first step” in rolling back “restrictive executive orders,” which threatened to undermine recent legislative reforms governing …
The economy is recovering, but not enough to overcome a persistent soft market and spark robust premium growth, a new report from Advisen Ltd. says. As a result, property/casualty insurers will increasingly view acquisitions and expansion into emerging markets such …
The International Federation of Risk and Insurance Management Associations (IFRIMA) has called for Brazil to reconsider two legislative resolutions, which it describes as “harmful to Brazil’s interests in having a modern insurance system, taking into consideration the international reinsurance and …
Liberty Mutual first established a Syndicate presence in Brazil in 2009, when it set up operations for its Lloyd’s syndicates in Sao Paolo and Rio de Janeiro. However, it’s already outgrown the original office, and is moving to new and …
The Federation of European Risk Management Associations (FERMA) has called on the Brazilian government to withdraw two new reinsurance regulations due to enter into force on March 31st, “because they threaten to reduce the capacity for coverage of large commercial …
MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to expand its international risk management practice. HERCO was first established in Brazil over 30 years ago. MDS said …
