Latin America

Five risks from Brazil’s newly-elected president Jair Bolsonaro

Brazil’s newly elected President Jair Bolsonaro is proposing radical policies that could destabilize his nation and South America. Observers fear instability because the far-right Bolsonaro...

Venezuela defying the odds with new cryptocurrency, El Petro

Nicolas Maduro has advised government workers to invest in the newly created cryptocurrency, El Petro. The Venezuela president made the call (in Spanish) on...

Rising US Dollar puts Latin American economies at risk

The rising US dollar is increasing the risk of a serious global economic crisis. The dollar’s rise has triggered economic chaos in Latin America...

World Bank issues historic $1.36bn catastrophe bond covering Latin American earthquakes

The International Bank for Reconstruction and Development (IBRD), the main component of the World Bank Group, has issued Latin American earthquake-linked catastrophe bonds (known...

Insurers will cover Zika losses with conditions

Marathon swimmers dread Rio’s polluted waters. The US men and women basketball teams will stay on a docked cruise ship rather than brave the Spartan...

Lloyd’s represented in Latin American Market with new Colombian office

Advent and Brit, two Lloyd's insurers, have been represented on the Lloyd's Colombia Platform, alongside the Lloyd's representative office. Led by the first Colombian General...

Sompo Canopius forms partnership with Mexican Insurer GNP

Lloyd’s (re)insurer Sompo Canopius has just announced strategic partnership with Mexican insurer, Grupo Nacional Provincial (GNP). The companies released a joint statement on the...

Venezuela’s Maduro caught between failed systems

Is it a cautionary tale about the inevitable economic failure of socialism or an example of what can happen, in an ever-shrinking world, when...

Brazil: Becoming Latin America’s Reinsurance Hub

Despite the ongoing controversy surrounding Brazil’s government and the economic difficulties, an initiative is being put in place with the intention to turn the...

Ecuador Earthquake: Low Insurance penetration drives tax hike

The 7.8 magnitude earthquake that rocked Ecuador on 16 April inflicted a grave human toll, including more than 600 deaths, 4,500 injuries and more...
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