Peruvian market News

Repsol Sued in Class Action for $1 Billion Over Peru’s Worst Oil Spill

Repsol SA is being sued for $1 billion by an English law firm representing around 35,000 alleged victims for its involvement in Peru’s largest oil spill in 2022. Tom Goodhead, chief executive officer of Pogust Goodhead, said the lawsuit was …

Brokerslink Adds Peruvian Broker to Global Network

Global brokerage business, Brokerslink, has added Consejeros y Corredores de Seguros (CONSEJEROS), a leading broker in Peru, to its growing network. Founded over 34 years ago, CONSEJEROS is a highly respected broker with a strong track record in providing comprehensive …

Howden Acquires Peruvian Insurance Broker Contacto

Howden, the London-based insurance group, announced it has acquired Contacto Corredores de Seguros S.A., a market-leading insurance broker in the Peruvian market. Financial details of the deal were not disclosed. Howden said the acquisition represents a significant step in its …

Re/insurance Broker UIB Expands in South America With Launch of 2 Firms in Peru

United Insurance Brokers (UIB), the London-based international re/insurance broker, has announced an agreement to create two new companies in Peru, expanding the UIB Group footprint in South America. UIB has taken an equity stake in the two Peruvian brokers. Financial …

Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest

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 …

Oil Spill Caused by Massive Waves From Tonga Is ‘Ecological Disaster’ for Peru

An oil spill at a refinery in Peru during high waves caused by the explosion last weekend of a volcano in Tonga is an “ecological disaster,” the Peruvian government said on Wednesday. The foreign ministry said that the oil spill …