Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the company, which is set to launch …
Colombia is launching insurance to protect coffee plantations hit by climate change, which has damaged output in the world’s top producer of high quality Arabica beans in recent years, officials said on Wednesday. After three years of bad weather and …
A special report from A.M. Best – “Regulation Tightens as Colombia’s Insurance Market Grows and Matures -“notes that “insurance companies operating in Colombia are benefiting from a vibrant, growing economy, the country’s commitment to building infrastructure and helping its industry …
Congress Wednesday approved long-delayed trade pacts with South Korea, Colombia and Panama that are expected to lift exports by about $13 billion a year and give U.S. employment a boost. Republicans and Democrats joined together in the House of Representatives …
Suspected FARC guerrillas have captured 23 Colombian oil contractors carrying out exploration work for Canada’s Talisman Energy in a rare mass kidnapping, authorities said Monday. Colombia, Latin America’s No. 4 oil producer, has recently enjoyed a boom in petroleum and …
Traffic in the Panama Canal, a major shipping waterway that connects the Atlantic and Pacific oceans, has been suspended temporarily due to heavy rains, the canal authority said Wednesday. “We are taking steps to normalize traffic operations in the coming …
In its latest monthly assessment of the world’s catastrophes for November Aon Benfield highlights the first winter weather event of the season across Europe with “notable affects.” the report, published by the company’s Impact Forecasting team, who evaluate global natural …
Companies for the first time report they are losing more through electronic theft of data than physical stealing of assets, risk consultancy Kroll said on Monday in an annual report on international fraud trends. Fraud was most often an “inside …
A Colombian airliner carrying 132 people crashed and broke into pieces while landing during a storm on the Caribbean resort island of San Andres Monday, but only one person died in what police called “a miracle.” Authorities said 114 passengers …
BP Plc’s newly named chief executive Tuesday called the Gulf oil spill a “wake-up call” for the entire industry as the company tallied up its losses and disclosed two U.S. investigations. Bob Dudley, who will replace gaffe-prone Tony Hayward as …
