Insurance: The week in 10 stories

By
Friday, September 7, 2018

Brazil's frontrunning presidential candidate Jair Bolsonaro was stabbed in the abdomen during a campaign rally in Minas Gerais state.

Credit bureau Boa Vista SCPC is investigating a possible leak of millions of items of personal data.

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Brazil's National Museum, which was destroyed by fire over the weekend, did not have any insurance coverage.

MEXICO

As Mexico reaches the one-year mark of the two massive quakes striking the country on September 7 and 19, 2017, the financial services consumer protection agency released a study showing serious shortcomings in the most common P&C coverage for owners of real estate.

Swiss insurance giant Zurich has won regulatory approval for its acquisition of QBE México, the latest in Zurich's regional push this year to expand its footprint in Latin America.

ARGENTINA

Argentina hopes the IMF board will vote this month on a request to speed up disbursements of funds from a US$50bn standby credit line.

Capital Economics said it believes the problems that Argentina is currently experiencing will lead to a recession both this year and next, with GDP contracting 4% in 2018 and 2% in 2019.

PUERTO RICO

Six rating actions taken by insurance-focused ratings agency A.M. Best in recent months suggest the firm's outlook for Puerto Rican insurers has deteriorated.

PERU

Net premiums written in Peru in January-June totaled 12.0bn soles (US$3.65bn), up 7.2% year-on-year - with fixed-term annuiities a key driver.

REGIONAL

Latin America faces four key development challenges, according to regional development bank CAF.