Latin America News

Generali Agrees to Sell Panama Business to ASSA for US$172 Million

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 …

The Nature Conservancy, Blue Marble Offer Microinsurance for LatAm Ranchers

The Nature Conservancy (TNC) and Blue Marble Microinsurance announced they have formed a partnership designed to provide microinsurance for small ranchers in Latin America who use a weather-resilient practice called “silvopasture.” Silvopastoral farming is the practice of combining trees with …

Talanx Acquires Generali’s Colombian Businesses for €30M (US$34.6M)

Talanx has acquired Generali Colombia Seguros Generales S.A. and its life insurance subsidiary, Generali Colombia Vida Compañia de Seguros S.A., for approximately €30 million (US$34.6 million) Generali explained that Talanx is acquiring 91.3 percent of Generali Seguros and 93.3 percent …

Ed Broking LatAm Appoints Hernandez as Chairman; de Freitas Named CEO

Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointments of Mike Hernandez to the role of chairman and Agustin de Freitas as CEO of Ed Broking LatAm. They take up their roles with immediate effect. Hernandez, who previously …

MS Amlin Names XL Catlin’s Padilla as Senior U/W for Latin America

MS Amlin has appointed Frank Padilla as senior international casualty underwriter, specializing in Latin America. Latin America is a strategically important region for MS Amlin and this appointment underlines its commitment to servicing clients locally, while continuing to develop opportunities …

PartnerRe Names Aon Benfield’s Cabrera as Head of Latin America

PartnerRe Ltd. announced that Humberto Cabrera has been appointed to the position of head of Latin America. He replaces interim head of Latin America, Salvatore Orlando, who will continue in his position of head of Middle East, Africa and Russia …

Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities in the Singapore, Latin American and Dubai markets. In response to the increasing demand for this distinctive coverage, these facilities …

Aon Completes Acquisition of Brazil Health & Benefits Firm, Admix

Aon announced it has completed its acquisition of Admix, the São Paulo, Brazil-based health and benefits brokerage and solutions firm. Financial terms were not disclosed. “Admix’s brokerage and operational platform combined with Aon’s world-class actuarial, brokerage, and consulting capabilities creates …

Aon Agrees to Buy Brazil Health & Benefits Broker and Solutions Firm, Admix

Aon announced it has entered into an agreement to acquire Admix, a leading health and benefits brokerage and solutions firm in Brazil. Financial terms of the agreement, which was announced on Nov. 25, were not disclosed and the acquisition is …

Capsicum Re Latin America Taps Ribeiro and Nunes from Carpenter, Aon Benfield

Capsicum Re, the London-based specialist reinsurance broker, announce it has hired Marcio Ribeiro and Júlia Nunes to Capsicum Re Latin America Brazil. Ribeiro is head of the facultative division and is based in Sao Paulo; Nunes is head of operations …