Insurance: The week in 10 stories

BRAZIL

The volume of claims made under directors and officers liability insurance (D&O) in Brazil soared last year.

Caixa Seguridade, the insurance arm of Brazilian state-run bank Caixa Econômica Federal, is assessing selling a portion of its shares via an IPO in 2019.

Confidence levels remain reasonably high among Brazilians insurers, with continuing to show moderate optimism.

ARGENTINA

Argentina has issued new rules that detail the responsibilities of insurers in the area of prevention of money laundering and financing of terrorism.

COLOMBIA

Looking to extend premium growth of around 17% in the country, MetLife will continue to focus on its Colombian operations to expand into the individual life segment, according to Juliana Tobón Peña, CEO of MetLife Colombia.

PERU

Peru is in the process of authorizing players in the financial services sector to offer reverse mortgages, and insurers are planning to embrace the opportunity.

ECUADOR

Ecuadoran business chamber CEE said an economic planannounced by President Lenín Moreno was a positive step, but warned that one of the proposed measures – a tax on insurance – could lead to higher premiums.

PUERTO RICO

BNamericas speaks with Puerto Rico's insurance commissioner, Javier Rivera, about how the island is recovering following last year's devastating hurricanes, lessons learned by the industry, and more.

BOLIVIA

A strong, deep earthquake hit Bolivia and tremors were felt as far away as São Paulo, Brazil

REGIONAL

A Latin American risk management firm that specializes in the areas of vehicle fleets and ground cargo transport is considering expanding its regional footprint.