Global information technology spending by insurance companies is expected to reach $140.6 billion in 2012, an increase of 6.3 percent over 2011, according to a new report from Celent, part of the Oliver Wyman (MMC) group. The figure is substantially …
The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural disasters, the multilateral lender’s president said on Saturday. Luis Alberto Moreno said the disaster funding would be financed by credits …
A report from the FUNDACIÓN MAPFRE, which analyzed 19 Latin American countries, concludes that the Latin American insurance market “achieved in 2010 a 19.3 percent rise in premium volumes compared to the preceding year, reaching €91.370 billion [$120.15 billion], confirming …
Insurance in emerging markets has “experienced strong growth over the past decade and the outlook for the next decade remains promising,” a Swiss Re sigma study concludes. However, it also notes that “given the expectation of persistent low interest rates …
Hub International is expanding into the Latin American market as the result of a merger agreement with Brazilian broker Harmonia Corretora de Seguros Ltd. The deal marks the first expansion for Hub outside the U.S. and Canada. The agreement makes …
Willis Group Holdings plc announced that Luis Maurette has been appointed Regional CEO of its Latin American operations. He is based in São Paulo, Brazil, and reports to Tim Wright, who this week was named CEO of Willis International. “Latin …
BrokersLink, the independent insurance broker network, announced changes to its representation in Latin America. The bulletin said: “Following a decision by Alinter, the international arm of Mexican insurance and services specialist Grupo CP, to focus on local market growth its …
Bermuda-based AXIS Capital Holdings Limited announced that Bruno Krenboeck has joined AXIS Re as Marketing Director for Latin America. He has over 17 years experience in the international insurance industry with specific expertise in marketing and underwriting businesses in Latin …
The Zurich Financial Services Group announced that it has signed definitive agreements with Banco Santander SA to enter into a long-term alliance in Latin America. Zurich said the “scope, structure and key financial terms are materially unchanged” from those outlined …
UK-based Cooper Gay has hired two divisional directors to its London downstream energy team, with the intention of driving international growth in the sector. Neil Jurd joins from Alesco Risk Management Services where he led the onshore team of brokers. …
