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Insurance News - Friday, February 26, 2010
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Free Content of the day
* RSA looks for acquisition targets in emerging markets - Regional
The UK's biggest commercial insurer RSA is looking for acquisitions in international and emerging markets, CEO Andy Haste told a conference call.
"It's not something we ever put a size on, they vary. It depends on the opportunities out there," he said.
The company has completed and integrated about 30 transactions over the past seven years, "and the deal pipeline remains strong," Haste added.
Across all emerging market countries, RSA posted net written premiums of 833mn British pounds (US$955 ... more
http://www.bnamericas.com/news/insurance/RSA_looks_for_acquisition_targets_in_emerging_markets/176170676
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In-deph interview
* Alfredo JochamowitzPresident - Protecta Seguros<p><em>Peruvian microinsurer Protecta had 36.1mn soles (US$12.7mn) in written premiums in 2009, up from 11.7mn soles in 2008, of which 74% were life insurance premiums and most of the remainder annuit... more
http://www.bnamericas.com/interviews/insurance/Alfredo_Jochamowitz_,Protecta_Seguros,/176170676
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Free Past News
* Mapfre signs car service agreement with Protective Life - 02-24-2010 - Regional
http://www.bnamericas.com/news/insurance/Mapfre_signs_car_service_agreement_with_Protective_Life/176170676
* AFP Protección to invest US$3mn to prepare for multifunds system - 02-23-2010 - Colombia
http://www.bnamericas.com/news/insurance/AFP_Proteccion_to_invest_US*3mn_to_prepare_for_multifunds_system/176170676
* AFP assets under management could hit US$51.5bn by end-2011- Asofondos - 02-22-2010 - Colombia
http://www.bnamericas.com/news/insurance/AFP_assets_under_management_could_hit_US*51,5bn_by_end-2011-_Asofondos/176170676
* CNP unit looks to up premiums 40% in 2010 - 02-19-2010 - Argentina
http://www.bnamericas.com/news/insurance/CNP_unit_looks_to_up_premiums_40*_in_2010/176170676
* Drop of 27% in affiliate transfers thanks to regulatory improvements - Amafore - 02-18-2010 - Mexico
http://www.bnamericas.com/news/insurance/Drop_of_27*_in_affiliate_transfers_thanks_to_regulatory_improvements_-_Amafore/176170676
* Arthur J. Gallagher buys brokerage unit - 02-17-2010 - Brazil
http://www.bnamericas.com/news/insurance/Arthur_J,_Gallagher_buys_brokerage_unit/176170676
* Insurance sector boosts 2009 earnings 73.7% - 02-16-2010 - Colombia
http://www.bnamericas.com/news/insurance/Insurance_sector_boosts_2009_earnings_73,7*/176170676
* Surety bonds see expansion, profitability growing faster than market - analyst - 02-15-2010 - Brazil
http://www.bnamericas.com/news/insurance/Surety_bonds_see_expansion,_profitability_growing_faster_than_market_-_analyst/176170676
* PALIG unit aims for top three in group health insurance - 02-12-2010 - Colombia
http://www.bnamericas.com/news/insurance/PALIG_unit_aims_for_top_three_in_group_health_insurance/176170676
* AFPs' hunger for stocks limits upside of blue chip index IPSA - BCI - 02-11-2010 - Chile
http://www.bnamericas.com/news/insurance/AFPs*_hunger_for_stocks_limits_stock_index_IPSA*s_upside_-_BCI/176170676
* Triple-S looking for acquisitions in the US$50mn range - 02-10-2010 - Puerto Rico
http://www.bnamericas.com/news/insurance/Triple-S_looking_for_acquisitions_in_the_US*50mn_range/176170676
* Itaú Unibanco insurance operations make US$157mn profit in Q4 - 02-09-2010 - Brazil
http://www.bnamericas.com/news/insurance/Itau_Unibanco_insurance_operations_make_US*157mn_profit_in_Q4/176170676
* Aon goes for national strategy in Brazil, sees challenges in Mexico - 02-08-2010 - Regional
http://www.bnamericas.com/news/insurance/Aon_goes_for_national_strategy_in_Brazil,_sees_challenges_in_Mexico/176170676
* Banchile to go for bigger share of voluntary pension business - 02-05-2010 - Chile
http://www.bnamericas.com/news/insurance/Banchile_to_go_for_bigger_share_of_voluntary_pension_business/176170676
* Latin America boosts Willis' international operations in Q4 - 02-04-2010 - Regional
http://www.bnamericas.com/news/insurance/Latin_America_boosts_Willis*_international_operations_in_Q4/176170676
* ACE's international P&C net income leaps 70.6%, keeps "discipline" in Latin America - 02-03-2010 - Regional
http://www.bnamericas.com/news/insurance/ACE*s_international_P*C_net_income_leaps_70,6*,_keeps_*discipline*_in_Latin_America/176170676
* AFP Modelo's tender win may spark affiliate awareness on price, says former regulator - 02-02-2010 - Chile
http://www.bnamericas.com/news/insurance/AFP_Modelo*s_tender_win_may_spark_affiliate_awareness_on_price,_says_former_regulator/176170676
* AFP Modelo wins affiliates tender with 1.14% commission - 02-01-2010 - Chile
http://www.bnamericas.com/news/insurance/AFP_Modelo_wins_affiliates_tender_with_1,14*_commission/176170676
* OECD membership sparks new challenges for insurance sector - 01-29-2010 - Chile
http://www.bnamericas.com/news/insurance/OECD_membership_sparks_new_challenges_for_insurance_sector/176170676
* Latin America premiums up 7.4% in 1H09 - Fundación Mapfre - 01-28-2010 - Regional
http://www.bnamericas.com/news/insurance/Latin_America_premiums_up_7,4*_in_1H09_-_Fundacion_Mapfre/176170676
* Larger wage base to hike pension contributions by US$67mn a year, says association - 01-27-2010 - Chile
http://www.bnamericas.com/news/insurance/Larger_wage_base_to_hike_pension_contributions_by_US*67mn_a_year,_says_association/176170676
* Principal unit aims to grow APV funds 35% in 2010 - 01-26-2010 - Chile
http://www.bnamericas.com/news/insurance/Principal_unit_aims_to_grow_APV_funds_35*_in_2010/176170676
* Four bidders present offers in affiliates tender - 01-25-2010 - Chile
http://www.bnamericas.com/news/insurance/Four_bidders_present_offers_in_affiliates_tender/176170676
* Mutual funds hope to grab 30% of voluntary pension market by 2012 - 01-22-2010 - Chile
http://www.bnamericas.com/news/insurance/Mutual_funds_hope_to_grab_30*_of_voluntary_pension_market_by_20121/176170676
* AFPs recover value of investments in one year - association - 01-21-2010 - Chile
http://www.bnamericas.com/news/insurance/AFPs_recover_value_of_investments_in_one_year_-_association/176170676
* HSBC to start selling insurance, pension products early this year in Chile, Colombia, Peru - 01-20-2010 - Regional
http://www.bnamericas.com/news/insurance/HSBC_to_start_selling_insurance,_pension_products_early_this_year_in_Chile,_Colombia,_Peru1/176170676
* RSA unit aims for affinity sales to be 40-45% of premiums in 2-3 years - 01-19-2010 - Chile
http://www.bnamericas.com/news/insurance/RSA_unit_aims_for_affinity_sales_to_be_40-45*_of_premiums_in_2-3_years/176170676
* Insurance industry's premiums up 19%, profits increase fivefold in 2009 - association - 01-18-2010 - Peru
http://www.bnamericas.com/news/insurance/Insurance_industry*s_premiums_up_19*,_profits_increase_fivefold_in_2009_-_association/176170676
* Quálitas results beat expectations, prove business model - CFO - 01-15-2010 - Mexico
http://www.bnamericas.com/news/insurance/Qualitas_premiums_down_3,3*_in_2009_on_back_of_rebound_in_second_half/176170676
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