The Brazilian reinsurer obtained approval from the country's security and exchange commission to create an asset management arm.
Willis Towers Watson and the Mesoamerican Reef Fund are working to develop a hybrid conservation/insurance project to protect more than 1,000km of reefs running along the Yucatán Peninsula of Mexico, Belize, Guatemala and Honduras.
Chaco joins 12 other jurisdictions in adhering to the overhauled law as regulator SSN urges Santa Fe province to follow suit.
The amendments are in a draft finance ministry decree recently put out to public consultation and they would relax supervision of other sales channels such as insurance agencies, agents and correspondents.
Digitalizing regulatory processes can not only help to reduce costs, but also increase efficiency, monitor new regulations and transform data for other operational purposes. Dino Sani discusses how regulatory technology is taking off and its potential benefits for banks in Latin America.
The local subsidiary of Japan's Tokio Marine Holding saw premiums rise close to 8% in January-May.
Companies advance along the digital transformation highway.