South America
Ida downgraded to a tropical storm
Ida, which threatened the US Gulf of Mexico as a hurricane, has been downgraded to a tropical storm.
Lockton targets Brazil-based Japanese business
Intermediary to service Japanese community from Sao Paolo
Mapfre records third quarter net profit up nearly 4%
Spanish reinsurer sees third quarter profit grow.
Cooper Gay acquires Argentinian broker
Cooper Gay buys Reinsurance.com.ar
Banco de Brasil in IRB stake buyout talks
Brazil's state-run bank Banco de Brasil is in talks with IRB-Brasil Re about buying a majority stake.
Security conscious
Caroline Cruickshank discusses collateral issues facing reinsurance buyers and sellers in new markets and the emergence of a new collateral alternative
FM Global becomes admitted reinsurer in Brazil
Property and engineering (re)insurer FM Global has become an admitted reinsurer in Brazil in order to meet the growing reinsurance needs of its clients in the region.
Willis acquires Argentinian operation
Willis Re completes the purchase of Herzfeld Willis S.A. (retail) and Willis S.A. (reinsurance) in Argentina
Non-domestic reinsurers still battling it out for Brazilian market share
With the federally-controlled Brasil-IRB Re still dominating the market, non-domestic reinsurers are still battling it out for market share, a senior reinsurance lawyer has told a conference in New York.