Demand is on the rise for cold storage vault services for cryptocurrency. As CIT and vault providers work to meet the demand, they are facing risks that are at once similar and very different from those they encounter with their cash services. As a vault or transport provider, how well do you understand the risks of cold storage? Our latest …

Resolve small BI claims quickly and accurately is possible with a new small claims accounting service, powered by Stratis. Lowers Forensics makes small work of small claims using the power of our proprietary AI-driven modeling software. Insurance companies can save significant money while resting assured their small BI claims are handled quickly and accurately.   Stratis is the engine behind …

Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover for cargo and stock throughput exposure, as well as for property and environmental lines for Latin American-based risks. Axon Underwriting …

Transatlantic Holdings, Inc. (TransRe) is to merge its North American and Latin American divisions into TransRe Americas, as part of a leadership transition that includes the retirement of Javier Vijil from his executive role after 26 years with the firm. Vijil founded the reinsurer’s Latin America & The Caribbean division when he opened its Miami office in 1993. He will …

The next Lloyd’s Latin America Showcase will be taking place in London on Tuesday 16th and Wednesday 17th of April 2019. Hosted over two consecutive mornings in London and exclusively to Lloyd’s Brokers, Managing Agents and Coverholders, you can hear from Daniel Revilla Head of Lloyd’s Latin America, his team from the Lloyd’s offices in Brazil Marco Castro Colombia Juan …

Marsh & McLennan Companies, Inc. completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value, furthering its role as the world’s preeminent professional services firm in the areas of risk, strategy and people. “Today marks the beginning of a new era with Marsh & McLennan and JLT coming together. This is a …

Mexico: Latin American Cyber Risks Seminar  Confirmed speakers are: Zurich (Belén Navarro), Willis (Natalia Char y Marcela Visbal), MDD (Jessica Reyes), AMIS (Juan Riveroll, Asociación Mexicana de Insituciones de Seguros) and Insuralex Latin American Insurance Lawyers. (See brochure) Insuralex is a group created by independent law firms that specialise in Insurance and Reinsurance coverage, defence, litigation and all other related legal services. …

“Given their GDP per capita levels, we expect countries like Brazil, China, Mexico, Russia and Turkey to be at the forefront of premium growth in the medium term”. “Latin America is lobbying for free trade as the region tries to hedge against potential lost trade   “China is set to become the largest insurance market in the world by the …

This is one of those things that seems so obvious that you would have prepared for it. If you are the only one who has the encryption keys to a big stash of cryptocurrency, wouldn’t you take precautions to mitigate the possibility of your death? In what must be one of the worst nightmares of cryptocurrency investors, news sources report …

São Paulo, February 2019 – In December 2018, Cnseg – the National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies – gathered the great names of the Brazilian insurance sector in order to recognize and celebrate the best practices of the field. In an event at Copacabana Palace Hotel, in Rio de Janeiro, one of the …

Natural disasters seem to be occurring more frequently and with more intensity than they did fifteen years ago. According to a 2018 report, Weather, Climate & Catastrophe Insight, from Aon’s Reinsurance Solutions, 42 individual billion-dollar natural disaster events occurred in 2018, which was above the average of 31 events dating to 2000 and higher than the 36 events in 2017. …

According to the 2018 Corruption Perceptions Index “Brazil dropped two points since last year to 35, also earning its lowest CPI score in seven years”, since 2012 Chile has significantly declined and Argentina has improved.  The 2018 Corruption Perceptions Index (CPI) released by Transparency International reveals that the continued failure of most countries to significantly control corruption is contributing to a crisis of democracy …

ConsiliumRe the International Facultative division of Direct Insurance Group Plc, an international speciality Lloyd’s broker; has announced its intentions to expand its operation into Miami, servicing the needs of the Latin American market. The London based Reinsurance Broker has had significant traction in the region since its formation 18 months ago. Fernando Rojas Castillo, Head of International Facultative Reinsurance, will …

The Miami Reinsurance Week is the most important Miami networking week of the year for the Latin American Insurance Industry. Insurance professionals from different countries travel to Miami in order to participate in insurance seminars, golf tournaments, cocktails, meetings and other insurance related events. If you check the February month at the iNLIP calendar you will see almost all of the …

THE RISKS involved with ITM servicing and replenishment are complex and far-reaching. Yet, the opportunity for carriers to successfully mitigate the risks and employ sound operating practices can reap them more business from banks as ITM deployment continues to increase. How ITMs are Changing the Business of CIT It was not too long ago that CIT carriers operated armored vehicles …