One of Colombia’s biggest health insurers will gradually cease operations in the country’s public system to avoid further deterioration in its finances. Grupo de Inversiones Suramericana SA’s public insurance unit, which is known as EPS Sura and serves more than …
President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …
The Colombian government will pay private health insurers 820 billion pesos ($215 million) of funds owed since last year for high-cost treatments and medicines, according to a letter by the health ministry. In the letter to the inspector general’s office, …
Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters after the plan faced a nearly two-year lull. The countries are among those looking to take advantage of renewed investor …
Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de Medellin (EPM) over issues with the construction of the massive Hidroituango dam. The funds will guarantee that the project can …
QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in Latin America. The new office will be located in Bogotá, Colombia, and will write life reinsurance business. It will be …
The Insurance Development Forum (IDF), a public-private partnership led by the insurance industry and supported by international organizations, has launched a program to develop a parametric flood and earthquake product, as well as indemnity landslide protection in Colombia. The IDF, …
Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security and privacy (InfoSec) policy that protects against a …
Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has promoted Juan Felipe Londoño to the position of general manager Colombia, with responsibility for the Andean Region and Panama. He reports to Miguel Martinez-Alvarez, head of Business Development …
Korean Reinsurance Co. obtained approval on Feb. 18, 2020 to open a representative office in Bogota, Colombia. This move is in line with its corporate strategy to further diversify into the Latin American markets, the company said in a statement. …
