Talanx becomes one of the top insurers in Latin America through acquisition of companies from Liberty Mutual Acquisition of select Liberty Mutual Insurance Inc. businesses in Brazil, Chile, Colombia, and Ecuador Insuralex Colombia (Brigard Urrutia) and Insuralex Ecuador (Pérez, Bustamante & Ponce) advised HDI International moves up to third place in the property and casualty insurance market in Latin America …

News about Parametric insurance in Colombia Insuralex´s Exclusive Member in Colombia, Brigard Urrutia, explains: The law that includes the National Development Plan, approved in the last debate by the Senate of the Republic and the House of Representatives, contains 3 articles authorizing and regulating parametric insurance in Colombia. The law is pending to be signed by President Gustavo Petro. Article …

Marine Insurance: Quadra vs. XL Insurance On April 21st, 2023, the English Court of Appeals (from hereinafter, the “Court of Appeals”) issued judgment on the case N° CA-2022-000694 Quadra -vs- XL Insurance. In summary, the central discussion of the present case is referred as to whether Quadra Commodities S.A. had insurable interest with respect to the goods paid by them …

We at Insuralex and iNLIP are excited to announce an upcoming Insuralex event titled “Surety Bonds in Latin America – Industry Insights.” Surety Bonds are the backbone for the development and execution of infrastructure projects, both private and public, in the Latin American region, and serve as an important financial tool used in various industries, including construction, government contracts, and …

In today’s fast changing world, companies face risks that span borders and regulatory regimes, which is resulting in growing interest in multinational insurance, a fully end-to-end customized service for the cross-border exposures of organizations, including risk transfer and captive services. What are some of the current and future trends in this space?   1. Cross-border exposures have never been more …

New provisions on the requirements that foreign reinsurers and reinsurance intermediaries The Superintendence of Companies, Securities, and Insurance issued in February of 2023 new regulations regarding the requirements that foreign reinsurers and reinsurance intermediaries domiciled abroad, must meet in order to obtain or maintain their license to operate in Ecuador. This regulation was issued to strengthen the requirements for the …

Save the date! Insuralex´s London insurance market seminar and reception Abhijit Akerkar, Managing Director Swiss Re Corporate Solutions joins our team of international speakers who will take part in the 2023 Insuralex Global Seminar and Reception being held at the Gherkin on June 15th 2023: “Innovation and Sustainability in Insurance and Claims” Climate change, parametric covers, natural disasters, wars, cyber-attacks, pandemic, …

The latest iNLIP´s post presents the Sigma report: Natural catastrophes and inflation in 2022 The loss generating power of nature, alongside the socio-economic and geopolitical crises of recent years helped pushed property reinsurance rates to 20-year highs in the January 2023 renewals season. Global economic losses from natural disasters mounted to USD 275 billion in 2022. At USD 125 billion, …

Insuralex Peru (Osterling Abogados) is pleased to announce Mr. Omar Córdova as its new partner. This appointment increases the firm’s number of partners to 9 and strengthens its position as the leading Peruvian firm in advising the (re)insurance market. With more than 25 years of experience, Omar Córdova has focused his practice mainly on maritime law and (re)insurance law. Chambers …

Underinsurance is not exactly a new phenomenon in Latin America. Many countries have long suffered high inflation and the consequent risk of claims settlements being reduced due to underinsurance. So, why was there such a lively debate when 70 insurance executives came together for the Advanta/LEA Breakfast Forum during the 2023 Miami (Re)Insurance Week? It’s true that high inflation has …

Professor and economist Paul Krugman is part of the team of international speakers who will participate in Latin America’s largest insurance event  iNLIP, proud strategic Partner   Nobel Prize-winning economist and professor Paul Krugman has joined the team of internationally renowned speakers confirmed for the 38th Western Hemisphere Insurance Conference. From September 24 to 26, 2023, in Rio de Janeiro, …

This webinar was deliverd during the 2023 Miami (re)insurance week and it shows English subtitles. This free webinar offers a great overview of the 2022 ans 2023 situation of the Marine Insurance/Reinsurance Industrin in Lain America. The global economy, trade and marine insurance in 2022 faced various challenges such as the war in Ukraine or the historic increase in inflation. …

Insuralex Latin America (Trusted legal advisors for (re) Insurance) has launched its latest report: 2023 Overview of surety bonds regulation The report includes important regulation updates in many Latin American countries:   Download the report: 2023 OVERVIEW OF SURETY BONDS REGULATION     About Insuralex: Founded in 2002, Insuralex is a worldwide network with more than 50 independent law firms …

11th Latin American Congress of Marine Insurance 24th, 25th and 26th October 2023 Punta Cana, Dominican Republic   Once again, iNLIP, proud strategic partner.     The most important annual meeting of the Latin American Marine Insurance Market and is organized by ALSUM to gather the main protagonists of Cargo insurance, Hull, and maritime responsibilities in the region. The conference …

Luis A. Moreno joins team of international speakers who will take part in Latin America’s biggest insurance event  Luis Alberto Moreno, a former president of the Inter-American Development Bank, is the first internationally renowned speaker to have confirmed his participation in the 38th Western Hemisphere Insurance Conference, which will bring together representatives of the private insurance sector from 20 Latin …