Speaking at ICT conference Futurecom, the Brazilian president pledged to push ahead with pension reform and promised a tax overhaul, which will be "the fifth major reform" of his government.
The company seeks to attract partners interested in offering insurance products through Caixa Economica Federal's networks
Pottencial Seguradora decided to extend the period for receiving proposals, as both Axa and Fairfax are reportedly no longer interested.
Recent natural disasters in Mexico now seem likely to hit insurers' bottoms line in 2017, and the government unveiled a raft of new relief efforts for quake victims, including tax breaks and preferential loans.
Industry revenues were up 6% year-on-year in July, and are expected by the São Paulo broker union to end 2017 at 8% higher than 2016, which would beat expectations for inflation.
Chubb provided early guidance on its insurance and reinsurance losses associated with Hurricane Maria. Fitch sees storm exacerbating Puerto Rico's economic crisis.
Protest group No + AFP says it collected 637,395 votes in an unofficial plebiscite, with nearly all backing a proposal to dismantle the current system.
Early estimates for Puerto Rico's damages from Hurricane Maria vary widely, and insurers will need to spend extensive time on the ground to begin to gain a clear picture of the full impact.
Ospina was formerly Liberty Special Markets' Colombia chief.