Latin America's Business Information Leader
Insurance News - Wednesday, March 24, 2010
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Free Content of the day
* Govt working to make up lost agricultural insurance subsidy in budget - Brazil
The Brazilian agricultural ministry is working to make up the gap between what the ministry has planned for agricultural insurance subsidies and what has so far been budgeted by congress, a spokesperson for the ministry told BNamericas.
The ministry planned 451mn reais (US$251mn) in subsidies in 2010, 570mn reais in 2011 and 680mn reais in 2012, but has so far only had 238mn reais approved by congress. The 2010 planned number would be 66% higher than the actual subsidy offered in 2009.
While t ... more
http://www.bnamericas.com/news/insurance/Govt_working_to_make_up_lost_agricultural_insurance_subsidy_in_budget/179819288
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In-deph interview
* Darío MorenoGeneral manager - Caja de Ahorro y Seguro<p><em>Argentine insurer La Caja - owned by Italy's Generali - is investing in growth and working to become more efficient and consolidate its place as a leader in Argentina’s insurance market i... more
http://www.bnamericas.com/interviews/insurance/Dario_Moreno_,Caja_de_Ahorro_y_Seguro,/179819288
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Free Past News
* Susep replacement likely to be confirmed as new head of watchdog - 03-22-2010 - Brazil
http://www.bnamericas.com/news/insurance/Susep_replacement_likely_to_be_confirmed_new_head_watchdog_-_spokesperson/179819288
* Susep head steps down to run for congress - 03-19-2010 - Brazil
http://www.bnamericas.com/news/insurance/Susep_head_steps_down_to_run_for_congress/179819288
* Suramericana aims to up 2010 billing more than 5% - 03-18-2010 - Colombia
http://www.bnamericas.com/news/insurance/Suramericana_aims_to_up_2010_billing_more_than_5*/179819288
* La Caja to invest US$35mn in 2010, goes for 10% market share - 03-17-2010 - Argentina
http://www.bnamericas.com/news/insurance/La_Caja_to_invest_US*35mn_in_2010,_goes_for_10*_market_share/179819288
* Despite setbacks, companies working on economic integration - CariCRIS - 03-16-2010 - Caribbean
http://www.bnamericas.com/news/insurance/Despite_setbacks,_companies_working_on_economic_integration_-_CariCRIS/179819288
* Idea of state-run surety bond insurer irks CNSeg, misses policy mark, says Moody's - 03-15-2010 - Brazil
http://www.bnamericas.com/news/insurance/Idea_of_state-run_surety_bond_insurer_irks_CNSeg/179819288
* Flagstone Re, RenaissanceRe, Hannover Re assess impact of earthquake - 03-12-2010 - Chile
http://www.bnamericas.com/news/insurance/Flagstone_Re,_RenaissanceRe,_Hannover_Re_assess_impact_of_earthquake/179819288
* Speed in claim payments key to insurer's contribution to recovery - Moody's - 03-11-2010 - Chile
http://www.bnamericas.com/news/insurance/Speed_in_claim_payments_key_to_insurer*s_contribution_to_recovery_-_Moody*s/179819288
* Chile earthquake to hike reinsurance prices in Latin America - experts - 03-10-2010 - Chile, Regional
http://www.bnamericas.com/news/insurance/Chile_earthquake_to_hike_reinsurance_prices_in_Latin_America_-_experts/179819288
* MetLife looks to grow regional top line 20% annually following ALICO deal - 03-09-2010 - Regional
http://www.bnamericas.com/news/insurance/MetLife_looks_to_grow_regional_top_line_20*_annually_following_ALICO_deal/179819288
* MetLife buys AIG's ALICO unit for US$15.5bn, boosts presence in Latin America - 03-08-2010 - Regional
http://www.bnamericas.com/news/insurance/AIG_sells_ALICO_to_MetLife_for_US*15,5bn,_boosts_presence_in_Latin_America/179819288
* Association ups insured losses forecast from earthquake to US$4bn - 03-05-2010 - Chile
http://www.bnamericas.com/news/insurance/Association_ups_insured_losses_forecast_from_earthquake_to_US*4bn/179819288
* Earthquake manageable event for global reinsurers - III - 03-04-2010 - Chile
http://www.bnamericas.com/news/insurance/Earthquake_manageable_event_for_global_reinsurers_-_III/179819288
* Earthquake may be second most expensive ever for insurers - study - 03-03-2010 - Chile
http://www.bnamericas.com/news/insurance/Earthquake_may_be_second_most_expensive_ever_for_insurers_-_study/179819288
* Insured earthquake losses in the US$3bn-8bn range - Eqecat - 03-02-2010 - Chile
http://www.bnamericas.com/news/insurance/Insured_earthquake_losses_in_the_US*3bn-8bn_range_-_Eqecat/179819288
* Earthquake could cost insurers at least US$2.5bn-2.6bn - association - 03-01-2010 - Chile
http://www.bnamericas.com/news/insurance/Earthquake_could_cost_insurers_at_least_US*2,5bn-2,6bn_-_association/179819288
* SulAmérica has as much as US$545mn in excess cash to go after M&A - VP - 02-26-2010 - Brazil
http://www.bnamericas.com/news/insurance/SulAmerica_has_as_much_as_US*545mn_in_excess_cash_to_go_after_M*A_-_VP1/179819288
* RSA looks for acquisition targets in emerging markets - 02-25-2010 - Regional
http://www.bnamericas.com/news/insurance/RSA_looks_for_acquisition_targets_in_emerging_markets/179819288
* 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/179819288
* 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/179819288
* 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/179819288
* 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_2010/179819288
* 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/179819288
* Arthur J. Gallagher buys brokerage unit - 02-17-2010 - Brazil
http://www.bnamericas.com/news/insurance/Arthur_J,_Gallagher_buys_brokerage_unit/179819288
* Insurance sector boosts 2009 earnings 73.7% - 02-16-2010 - Colombia
http://www.bnamericas.com/news/insurance/Insurance_sector_boosts_2009_earnings_73,7*/179819288
* 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/179819288
* 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/179819288
* 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/179819288
* 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/179819288
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