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 …

Swiss Re Corporate Solutions appoints Angelo Colombo as CEO Latin America Swiss Re Corporate Solutions, effective 7 October 2019. In this role, Mr. Colombo will be responsible for managing the company’s commercial insurance business in Latin America. He will also oversee Swiss Re Corporate Solutions México Seguros S.A. de C.V.; Compañía Aseguradora de Fianzas S.A. Confianza (“Confianza”), the joint venture …

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 …

Role definition: As a Sr. Treaty Account Executive you will be responsible for day-to-day account handling technical support for Proportional and Excess loss treaty, including but not limited to accounting, negotiating with reinsurers, placing business, renewing policies and maintaining files, in addition to performing a variety of administrative tasks. You will also be expected to assist brokers in maintaining their …

Chubb announces the appointment of Ulisses Soares as the new Vice President of Life for Chubb Latin America. In his new role, Ulisses Soares will be responsible for the growth and profitability of the Life business line in the region, executing plans to continue with the increase of existing channels, expand the product offer, develop strategic alliances and develop new …

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 …

Marsh announced the formation of Marsh-JLT Specialty, a new specialty business within Marsh that will combine the specialty teams of Marsh and Jardine Lloyd Thompson Group plc (JLT), effective upon the closing of the purchase of JLT by Marsh’s parent company, Marsh & McLennan Cos. The unit will be a new specialty business within Marsh once regulatory approval for the takeover …

I am pleased to announce that we have moved into our new office in Miami and I am delighted to welcome our team to this new working environment. Our new office comes four years after the opening of MS Amlin in Miami. It demostrates our commitment to the region for our clients and employees. The new office space represents our …

The Microinsurance Catastrophe Risk Organisation (MiCRO), a reinsurance company incorporated in Barbados, has announced the launch of Produce Seguro in El Salvador, an index-based insurance product that protects low-income families against natural disasters. “After having launched a similar product in Guatemala last year, this product launch in El Salvador shows that MiCRO’s solution, the first one offering protection against natural …