Economic stresses reprice risk: global economic and insurance market outlook 2023/24 Positive catalysts for the insurance industry from expected market rate hardening and higher interest rates. A new, higher interest rate era is emerging from the economic stresses of the inflation shock and war in Ukraine. Though economic growth has been relatively resilient this year, we expect global GDP to …

Save the Date!! Miami (re) Insurance Week. February 2023 13th-18th.   Why attend? The Miami Reinsurance Week is the most important Miami networking week of the year for the Latin American Insurance Industry. Miami has become a (re) insurance hub for Latin America. It hosts the regional headquarters of many (re) insurance carriers and brokers and its current capacity for the region …

Infrastructure projects are the biggest opportunity for insurers in Latin America, says Lloyd’s regional head Persistent geopolitical and economic challenges can put some businesses off investing in Latin America, but Daniel Revilla, Lloyd’s regional head of Latin America and the Caribbean (LAC), also sees plentiful opportunities for underwriters and brokers with specialist expertise and an appetite for risk. In this …

During the Insuralex Annual Insurance Conference Meeting, BLP, an Exclusive Insuralex´s firm member of Costa Rica and Guatemala, was awarded referrer firm of the year (2022). Insuralex members highlighted BLP’s involvement and leadership in the Central American region. Former Insuralex President and BLP Partner Neftalí Garro accepted the award for the firm. “On behalf of BLP, I would like to thank Insuralex …

Global Claims Review 2022: Allianz Global Corporate & Specialty analyzed more than 530,000 insurance claims from 2017 to 2021 with a value of €88.7bn (US$90.4bn). Claims severity has increased while inflation will further challenge costs. Updating valuations of assets is key for companies and insurers. Contingent business interruption claims reach a new level driven by broken supply chains. Cyber claims …

At the Insuralex annual meeting held in Chicago on July 1st, 2022, Brigard Urrutia, exclusive firm member of Colombia, was distinguished as the “law firm of the year 2022”. Most Insuralex members highlighted the role of Brigard Urrutia’s insurance and reinsurance team director, Lucas Fajardo, as member of the Board of Directors, and regional leader for Latin America. In this role, …

Insuralex is pleased to announce that Lucas Fajardo, Director of Brigard Urrutia (Colombia), was recently designated as president of Insuralex, during its annual meeting held in Chicago on July 1st  2022. Lucas Fajardo has wide experience advising major players in the local and international insurance and reinsurance sector in handling national and cross-border insurance claims and complex transactions carried out …

DSU Coverage – Hidro Ituango / Personal injury / Engineering insurance / Critical issues on construction project claims in Latin America / Marine insurance adjustment – Opportunities in Latin America / Surety – Construction trends in COVID Times /    These past weeks have revealed a continuous series of activities for Advanta. From seminars to internal workshop trainings, company cocktails, …

Team of seasoned underwriters led by Pablo Korze brings unparalleled expertise to address unique and evolving needs of corporations across Latin America   Everest Insurance®, the Insurance division of Everest Re Group, Ltd. (“Everest”) announced that it has officially entered the Latin American market after receiving approval from the Commission for the Financial Market (CMF) to operate in Chile under …

Insuralex presents its new Facebook page Insuralex (Trusted Legal Advisors for (Re) Insurance) is pleased to introduce its new Facebook page, which focuses mainly on reports, articles, news, seminars, webinars, etc. related to (re)insurance. Insuralex focuses on clean, dynamic and visual content that supports the entire design structure. Designed to be friendly and safe to use, the homepage provides a …

Insuralex is the only insurance focused international network ranked in Global Chambers as a Leading Law Firm Network / Band 1. Founded two decades ago, in 2002, Insuralex (Trusted International Legal Advisors for (Re) Insurance) is a group created by more than 50 independent law firms from Europe, North America, Latin America, Africa, Asia and the Middle East that specialise in …

The President of Guatemala, Alejandro Giammattei, accompanied by the Minister of Agriculture, José Ángel López, have implemented an agricultural insurance that will protect smallholder farmers with improved practices, production of surpluses and implemented commercialization processes. This innovative agricultural insurance is a new financial product created to protect smallholder farmers in the event of two types of climatic events: heavy rains …

Prestigious Guatemala´s law firm BLP has been chosen by Insuralex Global Insurance Lawyers Group, a worldwide association of independent insurance and reinsurance lawyers, as its exclusive member firm in Guatemala. For more than ten years, BLP has provided legal counsel to both emerging and established companies on the best way to conduct business in Central America. With this addition, BLP …

Update! 2023 Miami ReInsurance Week calendar   Why attend? The 2022 Miami (re) insurance Week is the most important Miami networking week of the year for the Latin American Insurance Industry. Miami has become a (re) insurance hub for Latin America. It hosts the regional headquarters of many (re) insurance carriers and brokers and and also Lloyd’s of London. Miami has also …

We are writing to update you on Lloyd’s plans for our Meet the Market event, which we currently intend to host in person in Miami on February 16, 2022 (3pm to 6pm local time). Of course, we are mindful of the developing situation with COVID-19 and will continue to monitor public health guidance closely. However, we do want to provide …