Bradesco Seguros, Brazil's largest insurer, enjoyed an 18.2% year-on-year rise revenues in 1Q17, reflecting the performance of the life insurance and pensions segments. The company has a 25.7% share of the Brazilian market.
Defying earlier expectations, Mexico's economy showed strength in the first quarter, while construction activity in Argentina broke a 14-month negative streak in March.
We estimate the country's GDP per capita at US$7,420 in 2017. The Dominican Republic posted real GDP growth of 6.7% in 2016, and its 7.1% average growth rate of the last three years is the highest in the Latin American and Caribbean region, said S&P in a press release
INS is the largest insurer in Costa Rica with a market share of 77.7% as of December 2016, said A.M.Best in a press release.
Argentina managed to beat its fiscal deficit target for 1Q17, while in Chile, financial sector executives expect one more cut in the key interest rate in the next three months.
Final reconstruction costs are estimated at US$6.7bn by insurers association Apeseg.