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 …
Arch Capital Group Ltd. has entered into an agreement to purchase Barbican Group Holdings Limited (“Barbican”) from funds managed by Carlson Capital, a U.S.-based alternative asset management firm, subject to regulatory approval. The acquisition includes Barbican Managing Agency Limited, Lloyd’s Syndicate 1955, Lloyd’s Syndicate 1856 (“Arcus”), Lloyd’s Special Purpose Arrangement (“SPA”) 6132, Castel Underwriting Agencies Limited (“Castel”) and other associated …
Newline Group (Newline) announced that it is expanding its global footprint by joining Lloyd’s representative office in Mexico City, to serve clients in Latin America and the Caribbean. Operating within Lloyd’s in Mexico, Newline’s Latin America Division will begin underwriting liability and financial lines coverage effective immediately. Carl Overy, CEO of Newline Group stated, “With Newline’s long history of underwriting …
Tokio Marine HCC has established a new subsidiary Tokio Marine HCC Mexico Compañía Afianzadora (TMHCC Mexico) to provide surety bonds to Mexican organisations. Tokio Marine HCC stated that its new subsidiary will also enable Tokio Marine HCC – Surety Group to produce business for customers in the US, Japan, Europe and other countries worldwide with surety needs in Mexico. …
After the opening of the Mexico´s office, Lowers Forensics International (LFI) continues to expand their global presence to meet the increasing demands of insurers and organizations across industry sectors in Latin America by opening a new office in Argentina. The office is in Buenos Aires, Argentina and will be led by Lowers & Associates International’s (LAI) Alejandro Camino. Alejandro works with the executives …
Glaucia Smithson will join Allianz Global Corporate & Specialty (AGCS) as CEO of South America She is succeeding Angelo Colombo who will leave AGCS later this year Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance carrier of Allianz Group, has appointed a new regional leader for its South American business: On August 12, Glaucia Smithson will join …
A former Miami insurance agent has been arrested for allegedly stealing more than $1.7 million in insurance premiums from two insurance premium finance companies, according a statement from Florida CFO Jimmy Patronis. (Individuals charged with a crime are presumed innocent until proven guilty). Antonio Jesús Zoghbi, owner of Florida Insurance Agency of Miami, is accused of using fraudulent and stolen …
New Perspectives and Innovations for the Future of Insurance iNLIP, independent Network of Latam Insurance Professionals, proud Media Partner of the 2019 LIMRA LOMA Latin American Conference | Argentina Specifically designed for CEOs and senior executives doing business in the Latin American region, attendees will receive access to exclusive research, insights, and predictions for the future, along with plenty of …
Chubb Limited (NYSE: CB) announced that it has adopted a new policy concerning coal-related underwriting and investment. With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage for existing …
