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Insurance / Perspectives

Risk management takes center stage

Daniel Povedano

Head of insurance area
everis


The global financial crisis brought the issue of risk management into the spotlight like never before. Today, leaders of the world's biggest economies are still arguing over the best way to regulate and reduce risk in the global financial system, to avoid another crisis in the future. Spanish consulting firm everis recently released a study that compares risk management issues and practices in the Latin American and European insurance industries. BNamericas spoke to Daniel Povedano, who was

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Coface looks at continued strong growth, Latin America to become more important


Bart Pattyn

CEO, President, Latin America
Coface

November 13, 2009

credit insurance industry in Latin America is still a relatively niche market, but it is a fast-growing market in many of the region's countries. What is driving growth is a growing awareness among company owners in the region of an important ingredie more No permission

Public sector risk management: "Mexico and Latin America more broadly is now a global leader in the sector"


Nikhil da Victoria Lobo, Jay Green

VP public sector unit , VP insurance-linked securities
Swiss Re

November 06, 2009

ico in late October became the first country to access the capital markets through the World Bank's (WB) new MultiCat catastrophe bond issuance program. The MultiCat program gives governments a new way to insure themselves against the risk of natural more No permission

Weekly Wrap|Perspectives

Published: Friday, November 20, 2009

JMalucelli Resseguradora, the reinsurance unit of Brazilian financial group Paraná Banco, provided more information this week on its plans to expand in Latin America in the surety bond segment, saying it has now been approved to enter Ecuador, the Dominican Republic, Costa Rica, Paraguay and Uruguay, and is still waiting to hear from Chile, Mexico and Argentina.

The company's CEO also said two more reinsurance partnerships are in the works locally with foreign players looking to get into the Brazilian market, with official announcements possible for early next year. While JMalucelli Re will expand abroad in a limited fashion, with a small number of companies in each country, through these new partnerships in Brazil it intends to branch out from surety bond coverage to new segments.

This provides some clarity regarding the company's plans and motivations, showing that it is interested in much of the region as well as strengthening its presence and scope at home.

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Coming Up

  • November  24, 2009

    Banking and insurance group Bradesco to hold investor day at NYSE Euronext in New York. - Brazil

  • November  25, 2009

    Dutch financial services group ING to hold extraordinary shareholders meeting. - Regional

  • November  26, 2009

    Thanksgiving Day, US markets closed. - Regional

  • November  29, 2009

    Presidential elections. - Honduras

  • November  29, 2009

    Presidential run-off election. - Uruguay