Insurance: The week in 10 stories

By
Friday, March 15, 2019

Brazil's lower house approved a commission to evaluate, among others, measures around the crucial but unpopular pension reform proposal.

The new administration of Brazilian state-run bank Caixa Econômica Federal is expecting to raise at least 15bn reais (US$3.86bn) from the sale of shares in some of its subsidiaries.

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Sales of light vehicles, trucks and buses reached 398,400 units in January and February, up from 338,200 in the same months last year, according to automaker association Anfavea .

MEXICO

The president of Spanish multilateral Mapfre, Antonio Huertas, said his firm remains committed to Mexico with continued plans for expansion and growth, even as the country experiences changes from the left-wing leadership of President Andrés Manuel López Obrador.

COLOMBIA

Investors in Colombia's electric power sector must do more to protect their businesses from the growing threat of cyber attacks, according to insurance broking and risk management firm Marsh.

Colombia's finance ministry Tuesday stated it was issuing a clarification to a recent regulatory decre tied to the national development plan that would force more than 1 million workers to pay taxes on income made from voluntary savings and from AFP accounts.

CHILE

BNamericas takes a look at life insurers Confuturo and CorpSeguros after the former announced it may absorb the latter - a sister company.

CHILE-COLOMBIA

Chilean financial services group Bicecorp has finalized its acquisition of the local annuities business of Colombian insurance and pension giant Grupo Sura.

Colombia's financial services watchdog Superfinanciera said it will publish on an annual basis its analyses of the risks and supervision priorities facing each of the sectors it oversees.

PERU-GUATEMALA

Peru's insurance industry eyes commercial crop insurance while in Guatemala the governmen is considering a crop insurance program to subsidize policies for farmers.