Latin America News

Spain’s MAPFRE, Japan’s Mitsui Sumitomo Reinforce Collaboration Pact

MAPFRE, a major non-life insurance group in Spain and Latin America, and MITSUI SUMITOMO INSURANCE (MSI), Japan’s principal non-Life insurance group in Asia, announced that they have “extended their framework partnership agreement to all the countries where the groups have …

Cássio dos Santos Appointed CEO of Zurich’s LatAm General Insurance

Zurich Financial Services Group announced the appointment of Antônio Cássio dos Santos (46, Brazilian citizen) to the position of CEO LatAm General Insurance, effective May 1, 2011. He succeeds Peter Rebrin who has been appointed to the newly created position …

Cooper Gay Restructures Latin American Operations into Regions

London-based broker Cooper Gay announced that it has “restructured its operations in Latin American into four sub regions in order to drive growth and efficiencies in this key market. “The new sub regions are: Central America (Mexico, Central America and …

MDS Holdings Launches HERCO Portugal

MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to expand its international risk management practice. HERCO was first established in Brazil over 30 years ago. MDS said …

Zurich in $1.67 Billion Deal with Santander for Latin American Distribution

Zurich Financial Services Group announced that it has signed a Memorandum of Understanding (MOU) with Banco Santander SA to enter into a 25-year strategic distribution arrangement in Latin America. Zurich said that as part of the transaction, it will acquire …