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IRB results show headwinds, but reinsurer still well-positioned - expert

The lower results from Brazil's federally controlled reinsurer IRB-Brasil Re demonstrate some of the headwinds the company is facing, but IRB remains well-positioned to take advantage of the country's...

• Peru

   Credicorp insurance units increase Q3 profits to US$13.3mn

  The insurance operations of Peru's Credicorp (NYSE: BAP) reported third quarter net income of US$13....   more

• Argentina

   President signs decree affecting workers compensation market

  Argentina's President Cristina Fernández de Kirchner has signed a decree to raise compensations for ...   more

• Regional

   Brazil, Colombia, Uruguay lead RSA premium growth, up 5% in 9 months

  UK insurance group RSA saw its premiums in Latin America increase 5% in January-September 2009 over ...   more

• Chile

   Coface unit ups January-September premiums 10.7%

  The Chilean unit of French credit insurer Coface increased direct premiums 10.7% in the first nine m...   more

• Brazil

   Bradesco health claims decline in Q4, more focus on cross-selling

  Brazilian financial group Bradesco (NYSE: BBD) has seen claims for its health unit decline as the fo...   more

• Regional

   Zurich's 9-month operating profits fall 11.4% in Latin America, with life gaining over non-life

  Swiss insurance group Zurich saw operating profits fall to US$78mn in the first nine months of 2009,...   more

• Mexico

   Citi-Banamex case now in hands of supreme court

  The Mexican senate has brought before the country's supreme court the controversy over the legality ...   more

• Mexico

   Afores getting ready to pick up US$226mn issue by Cemex

  Mexican cement manufacturer Cemex (NYSE: CX) is to issue some 3bn pesos (US$226mn) in mandatory conv...   more

• Mexico

   IN BRIEF HSBC unit to offer free insurance against fraud

  The Mexican banking unit of UK-based HSBC (NYSE: HBC) will start on Friday (Nov 6) to offer clients ...   more

• Puerto Rico

   Investment, derivatives gains lift Q3 net income at Triple-S

  Puerto Rico's Triple-S Management Corporation (NYSE: GTS) reported third quarter net income of US$18...   more

• Regional

   Argentina increases capital in CAF by US$190mn

  Argentina has agreed to increase its capital in The Andean Development Corporation (CAF) by US$190mn...   more

• Argentina

   Moody's assigns first-time rating to Caterpillar finance unit

  Moody's Investors Service has assigned a Ba1 global local currency issuer rating to Caterpillar Fina...   more

• Chile

   Humphreys maintains Huelén at BBB+

  Chilean ratings agency Humphreys has maintained the BBB+ rating with a stable outlook on the policie...   more

• Chile

   Cesce unit expects 60% premium growth next year

  The Chilean unit of Spanish export credit insurer Cesce expects to grow direct premiums 60% next yea...   more

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