The United Nations Development Programme (UNDP) and Microinsurance Catastrophe Risk Organization (MiCRO), with the support of SBS Seguros Colombia, launch an innovative insurance program to protect vulnerable rural communities against natural disasters exacerbated by climate change. As part of the community stores project associated with the UNDP’s Rapid Response Facility (RRF2) program, “Mi Siembra Segura” (My safe sowing) will protect …

QBE Re the reinsurance branch of the Australian insurer, announced the opening of a new Colombian office and a key regional hire to support local reinsurance in Latin America. The new office will be located in Bogota, Colombia, and will write life reinsurance business. It will be led by Christian Hofmann, who has been appointed Client Manager (Latam Life) for QBE Re. …

Insuralex´s exclusive member in Colombia comments on the Draft decree regarding D&O policies on a claims made basis   The Colombian Ministry of Finance has published a draft decree intending to regulate the operation of the D&O policies on a claims made basis. The Ministry of Finance has published for comments a draft decree by which a new article will …

Save the date! Colombia | September 5th 2018 | “Los riesgos cibernéticos y su asegurabilidad en Latinoamérica” Insuralex Programme, speakers and registrations will be published soon. Insuralex is an affiliation of independent and Chambers awarded law firms. Its members are all recognized by their peers in their own jurisdictions as expert in the fields of insurance, reinsurance and defence litigation. Insuralex currently have …

When a crisis unfolded at the Guatapé hydroelectric plant, the experienced and speedy response of the insurance industry was critical, as Juan G. Uribe, managing director at RTS International Loss Adjusters, explains.   What does Guatapé represent for the insurance industry? Guatapé hydroelectric plant, owned by the utility Empresas Públicas de Medellín (epm), is one of the most important power …

Hannover Re parent Talanx will buy 90 percent stake in Italian insurer Generali’s Colombian business to further expand its presence in the Latin American region. “For Talanx, the acquisition of Generali Colombia is a strategic step to open up the fifth largest Latin American market. For us, this means further strengthening our position in the target region,” said Torsten Leue, …