Tropical Storm Nate  is strengthening as it hurtles towards Mexico and the US. It currently has maximum sustained winds of 45mph and is moving at 12mph in a northwesterly direction. The NOAA said in its 2am update: “On the forecast track, the center of Nate will move over the Gulf of Honduras and across the northwestern Caribbean Sea today, and …

The White House has approved a request to waive the Jones Act for Puerto Rico, White House press secretary Sarah Sanders said Thursday. “At @ricardorossello request, @POTUS has authorized the Jones Act be waived for Puerto Rico. It will go into effect immediately,” Sanders tweeted Thursday. Puerto Rico Gov. Ricardo Rossello said he asked the White House on Wednesday to …

There were two explosions at a significantly large hydroelectical power plant in South America. A fire ensued and upon first review by insurers and loss adjusters this could have been a total loss in the range of hundreds of millions. As a result of intense mitigation activity on the part of the facility, supported by (re)insurers, which included negotiations at …

‘Potentially catastrophic’ Hurricane Irma nears eastern Caribbean islands FLORIDA is under a state of emergency with the latest track models showing that Hurricane Irma will head towards the US state after battering the Caribbean. NOAA National Hurricane Center (NHC) Category 5 Hurricane Irma made landfall over the Caribbean island Barbuda in the early hours of the morning as it began to …

So called “cyber” insurance policies are some of the most complex policies that an agent or broker will be asked to evaluate. Such policies often have multiple insuring agreements, cascading policy definitions and may even have a mix of claims-made, occurrence and ‘incident-discovered’ triggers applicable to different coverage parts. Compounding matters, there are no standard policy forms in the market. For that matter, …

Important notice: Due to the damage and general affectation caused by Hurricane Irma to South Florida, we have suspended the “Seminar CAR / EAR Insurance in Latin America 2017”. Advanta will reschedule this seminar and let all the interested know very soon. Thanks for understanding. Jose Miguel Varela. Director.  Deeming the relevance of CAR/EAR policies and its substantial impact in …

According to Travel Security Strategies LATAM it is difficult to compare crime rates across the world, because of the different legal interpretations, but murder is practically the same in any part of the world because there is a specific victim, a countable aspect. Six of the countries with highest murder rates in the world are in Central and South America: …

Homenaje a Don Enrique Gich, gran abogado de seguros en LATAM No nos damos cuenta en la industria del seguro de LATAM. O quizás no queremos darnos cuenta. Hoy una reunión de mercado en México, mañana Brasil, cocktail en Miami, conferencia en Madrid y paso por Londres para visitar clientes. Si da tiempo, pasamos por Bogotá y por Santiago de …

El Índice global del mercado de seguros de Marsh corresponde a un análisis comparativo patentado sobre los cambios en la tasa de las primas de seguros comerciales en relación con su renovación, que representa el principal mercado asegurador del mundo y abarca el 90 % de las primas de Marsh. Este índice recopila las fluctuaciones de las tasas durante todo …

For over a decade, The Global Risks Report has focused attention on the evolution of global risks and the deep interconnections between them. The Report has also highlighted the potential of persistent, long-term trends such as inequality and deepening social and political polarization to exacerbate risks associated with, for example, the weakness of the economic recovery and the speed of …

Principales Funciones: Construcción y mantenimiento de la red de proveedores que permita atender las necesidades de la operación de siniestros de acuerdo a los niveles de servicio esperados y con un control de la evolución de los costos Apoyar al equipo de oferta/suscripción a entender el costo implícito para un determinado producto/negocio y definir el costo subyacente asociado a un …

The panel of experts will explore various aspects of Management Liability with a focus on Latin America, South America, Europe and Asia through the perspective of a broker and claims adjuster, as well as the impact on underwriters during soft and hard markets.       Investment: $25 for PLUS members  |  $35 for all others Register online now or download the event registration …

Generali has entered into an agreement to sell its Panama business to ASSA Compañía de Seguros S.A., for US$172 million, continuing its strategy to focus on core businesses. Under the transaction, which is subject to regulatory approval, Trieste-based Generali has agreed to the sale of the assets, liabilities and insurance portfolio of its Panama branch to the Panama City-based ASSA, …

Specialist insurer Beazley has appointed Santiago Jaramillo as engineering focus group leader for the US and Latin America, based in Miami. Jaramillo will report to Colin Rose, Beazley’s head of construction and engineering. In his newly expanded role, Jaramillo will be responsible for building Beazley’s portfolio in the US, with the builders’ risk teams in San Francisco and Atlanta reporting …

Todas las acciones de desarrollo de negocio y marketing que se llevan en el sector del seguro de América Latina han de tener un retorno de la inversión. LinkedIn no es una excepción a dicha norma. Cuando llevo a cabo formación in-house en diferentes empresas de la industria del seguro con intereses en Latino América (compañías de seguros, brokers, ajustadores, …