The European Commission has agreed to contribute €14 million ($15.8 million) so the governments of Central American countries and the Dominican Republic can access to “low cost, high quality catastrophe risk insurance.” The agreement will be executed by the World …
ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) will acquire 100 percent of American International Group’s Central American operations in El Salvador, Guatemala, Honduras and Panama in a share purchase agreement, the companies announced. The transaction is subject …
Independent wholesale broker Cooper Gay Swett & Crawford (CGSC) has appointed Alejandro Padilla as General Manager and Head of Broking for Mexico, Central America, Puerto Rico and the Dominican Republic, effective August 16, 2015. He will join CGSC from Swiss …
The Council of Ministers of Finance of Central America, Panama and the Dominican Republic (COSEFIN) and CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) have signed a memorandum of understanding that enables Central American countries to formally join the …
The death toll from torrential rains in Central America over the past week has almost doubled since Saturday, with a further 25 lives lost in El Salvador, authorities said Sunday. A tropical depression that swept in from the Pacific on …
Hurricane Jova flooded the streets of Mexico’s main Pacific port with torrential rain Wednesday, inundating popular beach resorts and killing at least four people in mudslides. While Jova ravaged the coast, a tropical depression to the southeast prompted thousands of …
Catastrophe risk modeling firm AIR Worldwide announced the release of its Central America tropical cyclone model. “The new model covers Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama,” AIR said. It also “captures the combined effects of wind …
Global wholesale, reinsurance and specialist retail insurance broker Cooper Gay Swett & Crawford has agreed to move to a 100 percent shareholding in its Mexican reinsurance broker, Cooper Gay Martinez del Rio, by acquiring the shares held by senior local …
