Latin America
Cooper Gay buys out Chilean JV partner
Broker Cooper Gay has moved to a 100% shareholding in Cooper Gay Chile S.A. following the acquisition of the remaining 49.99% shareholding from Servicios Security SA.
Floods devastate Argentina's capital
Flash flooding in Argentina has claimed more than 50 lives and halted production at the country’s largest oil refinery.
Turkey and Poland to lead European bancassurance growth
The emerging markets of Asia-Pacific, Latin America, Turkey and Poland are projected to see significant bancassurance growth over the next four years, according to a report by data provider Timetric.
DAC Beachcroft hails Malaysia business deal
Law firm DAC Beachcroft has expanded its global footprint after reaching a formal agreement with Malaysia's Gan Partnership.
Axis acquisition to drive international expansion at York
York Risk Services Group has acquired loss adjuster Axis as part of the company’s plans to expand international growth.
Microinsurance to reach 1 billion by 2020
The number of low income people covered by microinsurance is expected to hit one billion by the end of the decade, according to the Luxembourg-based Microinsurance Network.
China's soft landing aids other rapid growth markets
An increase in intra-regional trade, easing of monetary and fiscal policy, and higher demand for commodities will lead to an improvement in the economic outlook for the rapid-growth markets in 2013, according to Ernst & Young.
Mapfre and Genworth join forces to sell products in Latin America
Spanish insurer Mapfre is to distribute Genworth lifestyle protection insurance products in Latin America.
Allianz Group 'robust' despite lower operating profit in P&C
Allianz Group has posted revenues of €25.2bn in the second quarter of 2012, up 2.5%, or €24.6bn, on the same period in 2011.
Mapfre to create 150 jobs in Mexico in new Mapfre Tower
Mapfre chairman Antonio Huertas unveiled growth plans for Mexico in a visit to the country yesterday.
MDS Holdings recruits international specialist to spearhead expansion plans
European and Latin American broker MDS Holdings plans to expand its global footprint beyond its current Portuguese, Angolan and Brazilian territories.
Euler Hermes and Mapfre enter credit joint venture
Allianz-owned credit insurer Euler Hermes and Spanish insurer Mapfre have agreed a 50/50 joint venture to develop their credit insurance business in Spain and four Latin American countries.
Countdown to ISA: Q&A with RSA's Chris Colahan
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Chris Colahan about his views on the Asian insurance market.
Red 24 to brief CNA clients on kidnap risk
US commercial insurer CNA has appointed crisis response firm Red 24 to provide advice and response for kidnap, ransom and extortion.
Kidnapping now multi-billion dollar industry
Kidnaping for ransom has become a multi-billion dollar global phenomenon and is occurring more frequently in locations across the globe, according to a report by crisis assistance company, Red 24.
Mexico quake damage "less than $100m"
The magnitude 7.4 earthquake that struck Mexico yesterday is expected to cause less than $100m of insured damage, according to catastrophe modelling firm Eqecat.