After successful pilots of an inclusive insurance product that helps families and microentrepreneurs to recover from the consequences of natural disasters in Guatemala and El Salvador, MiCRO started a regional expansion to maximize impact and reach scale Activities in the first expansion country, Colombia, are the result of a partnership with SBS Seguros Colombia S.A, and now with the valued …
UK insurers could soon be facing legal action over their refusal to pay out on what many policyholders see as legitimate claims related to BI and the COVID-19 crisis. The Financial Conduct Authority (FCA) has announced that it intends to obtain a court declaration to resolve contractual uncertainty in business interruption (BI) insurance cover relating to the coronavirus pandemic. The …
The Wimbledon Championships’ event cancellation policy that is set to pay out on Covid-19 was underwritten by Lloyd’s, AIG, Argo, Chubb, Hannover Re, Tokio Marine HCC, Munich Re and Swiss Re, with Marsh the broker according to what market sources have told Commercial Risk Europe. Also according to the same source, Commercial Risk Europe publishes that they understand that the …
According to Gideon Lichfield (editor in chief of MIT Technology Review), we’re not going back to normal. iNLIP´s friends, colleagues and followers. During the last weeks we have seen how every country is following its own way in order to solve the new situation. As you are aware, Internet is full of fake news and it is not easy to find …
Have we learnt from the past? 100 years ago, celebrations marking the end of the First World War were cut short by the onslaught of a devastating disease In order to avoid alarming the public, several local health authorities refused to reveal the numbers of people affected and deaths. Consequently, it was very difficult to assess the impact of the …
In response to the COVID-19 outbreak, Lloyd’s Executive Committee is now meeting on a daily basis to ensure we can respond quickly but also be proactive in the context of fast-moving and unprecedented events. As well as dealing with the issues of the day, we will be agreeing actions pertaining to our people, customers and the market, as well as …
Aon plc and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion.4 “The combination of Willis Towers Watson and Aon is a natural next step in our journey to better serve our clients in the areas of people, risk and capital,” said Willis Towers Watson CEO …
To all our Clients and Friends: Important reminder: Please be informed that effective from July 1, 2019, the Strategic Alliance known as “EBD” is no longer in operation in Latin America, and each of its 3 founding Partners resumes his normal and individual operation. This Alliance has certainly provided us with great professional experiences and sets a challenge for the …
American International Group Inc named Peter Zaffino, the executive overseeing a turnaround effort of the company’s general insurance unit, as the company’s president. Zaffino, AIG’s global chief operating officer and chief of its general insurance business, will continue to serve in those roles when he becomes president on Jan. 1, 2020, AIG said. He replaces AIG Chief Executive Officer Brian …
Why attend? The 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 its current capacity for the region rivals that of the Lloyd’s of London. Miami …
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created Carlyle-managed fund and T&D Holdings to acquire from AIG a 76.6 percent ownership interest in Fortitude Group Holdings, whose group companies operate as Fortitude Re. The transaction is …
Trio of senior hires positions SSL Endeavour with strong platform for growth in Latin America Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (“SSL Endeavour”) has announced the planned launch of a managing general agent (MGA) based in Miami, USA, and a trio of senior hires to support growth in Latin America. Set for a 1st January, …
News about Lloyd’s in Latin America Lloyd’s will set up an office in Miami to support and grow the Latin American and Caribbean Dear Insurance Professionals Latin America / iNLIP´s friends: I would like to share with you some exciting news about Lloyd’s in Latin America. As you know Latin America is a key market for Lloyd’s, with premium …
Chubb Travel Smart has been named winner of a Silver Stevie Award in the Mobile Site & App Travel category at the 2019 International Business Awards. The International Business Awards are the world’s premier business awards programme. Nicknamed the ‘Stevie’ (taken from the name Stephen, which is derived from the Greek for ‘crowned’), the awards received entries from organisations worldwide and accept …
Chubb Limited announced that it has appointed Marcos Gunn Senior Vice President, Chubb Group and Regional President, Latin America. Mr. Gunn will have overall responsibility for the general management and business results for all operations in the region, which includes Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, PeruPuerto Rico, Central America and the Caribbean. Currently Division President, Northern Latin America, which includes Mexico, Central America and the Caribbean, and Chief Operating Officer of the Latin America region, Mr. Gunn …
