Guy Carpenter & Company, Inc., Marsh & McLennan’s global risk and reinsurance specialist, announced that Hugh Powell has assumed the role of CEO of its Latin America and Caribbean Region. He will manage Guy Carpenter’s operations in Argentina, Brazil, Chile, …
Cathleen C. Beavers was named general manager of the Texas Automobile Insurance Plan Association. Previously, Beavers was residual market business advisor for USAA in San Antonio where she managed the auto residual market for the company nationally. She has served …
Jardine Lloyd Thompson Group plc. has reported a 20 percent drop in pretax profits in its preliminary earnings report. The U.K.’s largest insurance broker said that profit “before tax, exceptional items and impairment charges” for 2005 totaled £76.8 million ($133.5 …
Houston-based HCC Insurance Holdings Inc. announced that Luis R. Martinez de la Fuente has been retained as a consultant to assist the company’s planned international expansion in Latin America. Martinez, who has residences in Mexico City and Miami, has been …
Only Florida residents can sue insurers in state courts when companies are unauthorized to do business in Florida, the state Supreme Court ruled recently. State law prohibits nonresidents from filing such suits, the high court said in an unanimous opinion. …
Willis Expands in China, Latin America: In a breakthrough agreement, global insurance broker Willis Group Holdings Limited, has received written approval from the China Insurance Regulatory Commission (CIRC) to increase its ownership interest in Willis Pudong Insurance Brokers Co. Ltd. …
Willis Group Holdings announced two acquisitions aimed at strengthening the international broker’s presence in the Latin American market. Willis has acquired both JH Asesores y Corredores de Seguros S.A. (JHA), a leading broker in Lima, Peru, and K.R. Athos Consultoria …
Cobbs Allen & Hall Inc. of Birmingham, Ala., and Senn Dunn, of Greensboro, N.C. have been accepted as members of Assurex Global of Columbus, Ohio, the world’s largest insurance association designed specifically to meet the needs of independent agents and …
Assurex Global — the world’s largest privately held risk management and commercial insurance brokerage group – announced that it has expanded its worldwide presence with the addition of international broker Partners in Cork, Ireland; Mumbai, India; Lima, Peru; Caracas, Venezuela; …
Standard & Poor’s Ratings Services has issued a report entitled, “The Latin American Reinsurance Industry: Underdeveloped, With Potential,” which points out that the “underdeveloped Latin American reinsurance markets are a result of local market dynamics and conditions.” S&P said that, …
