Colombia in November will launch a $23.2 billion holding company comprising 19 companies in which the government has stakes, including banks focused on agriculture and exports, to boost efficiency and improve portfolio management, it said on Wednesday. The effort follows …
RMS, the the Newark, Calif.-based catastrophe risk management firm, has received approval from the Colombian insurance regulator, Superintendencia Financiera de Colombia (SFC), to offer catastrophe modeling services to national and global insurance companies writing earthquake risk in Colombia. Insurers writing …
Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. “The Colombian government …
Air-safety experts probing the jetliner crash that killed 71 people, including most of Brazil’s Chapecoense soccer squad, will look at whether the plane ran out of fuel while on a flight close to the limits of its range. The distance …
An aircraft carrying 81 people, including players from the Brazilian soccer team Chapecoense, crashed on route to Colombia’s second-largest airport Monday, killing at least 75, according to local reports. The BAE Systems Plc RJ-85 plane chartered from Bolivia’s Lamia had …
International broker and risk management firm Integro announced an agreement with HR Latinoamerica Ltda. Corredores de Reaseguros (HRL) to serve as HRL’s exclusive London wholesale reinsurance trading partner. The licensing agreement grants HRL Colombia use of the Integro name and …
Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros, subject to regulatory approval. The remaining shares …
Arthur J. Gallagher – the international division of Arthur J. Gallagher & Co. – has extended its investment in Latin America with a 65 percent shareholding in independent Colombian energy and construction specialist ARM Re Ltda (ARM). Other terms of …
Travelers Cos., the lone property- casualty insurer in the Dow Jones Industrial Average, agreed with a partner to buy a majority stake in a startup surety provider based in Colombia. The joint venture with Brazil’s J. Malucelli Participacoes em Seguros …
Mexico, Colombia, Peru and Chile said on Monday they had wrapped up negotiations to remove all trade tariffs between them, cementing a bloc that the four hope will encourage free trade between Latin America and the rest of the world. …
