Colombia News

AIG to Sell Latin American Consumer Finance Units

American International Group Inc is selling its consumer finance businesses in Latin America, including a unit in Colombia it bought just last year, as the insurer sheds assets to pay back the U.S. government, according to sources familiar with the …

Actual Cash Value Versus Replacement Cost Value

Navigating the Valuation Quagmire As the saying goes, the devil is in the details. And insurance agents would be wise to explain the differences between actual cash value (ACV) and replacement cost value (RCV) to customers. Homeowners’ and commercial property …

Don’t Just Translate It

Why Advertising for Hispanic Consumers Should be Written in Spanish Don’t bring Anglo assumptions to the media planning and buying process. Your new advertising campaign is so successful, you’ve decided to communicate to your Hispanic customers. Great idea. After all, …

Don’t Just Translate It

Why Advertising for Hispanic Consumers Should be Written in Spanish Don’t bring Anglo assumptions to the media planning and buying process. Your new advertising campaign is so successful, you’ve decided to communicate to your Hispanic customers. Great idea. After all, …

Mapfre Re Receives Brazil License

Mapfre Re announced that it has been authorised to establish a local reinsurer in Brazil, through its new subsidiary MAPFRE RE DO BRASIL Companhia de Reasseguros. The bulletin noted that Bosco Francoy, “together with a group of talented managers,” will …

Don’t Just Translate It

Why Advertising for Hispanic Consumers Should be Written in Spanish Your new advertising campaign is so successful, you’ve decided to communicate to your Hispanic customers. Great idea. After all, Hispanic purchasing power in the United States has surged to nearly …

Don’t Just Translate It into Spanish

Why Advertising for Hispanic Consumers Should be Written in Spanish Your new advertising campaign is so successful, you’ve decided to communicate to your Hispanic customers. Great idea. After all, Hispanic purchasing power in the U.S. has surged to nearly $700 …

AIG Buys 18% Stake in China’s MicroCred Nanchong

American International Group has acquired 18 percent of MicroCred Nanchong, China (MNC). The deal also gives AIG the exclusive right to sell micro insurance to MNC clients for two years. “MNC is the first wholly foreign-owned micro credit company in …

WTO Talks Enter Crunch Week

Talks on a deal to open up world trade entered a critical week on Monday with negotiators at the World Trade Organization (WTO) hoping to prepare the ground for a proposed meeting of ministers next month. With key food exporters …

World Bank Approves New Catastrophe Loan Facility

The World Bank launched a new catastrophe loan facility on Tuesday, March 4, and revised an existing contingency credit line designed to help increase its business with middle-income countries. The World Bank board approved the Catastrophe Risk Deferred Drawdown Option …