South America

Earthquake magnitude 6.9 hits Peru

A magnitude 6.9 earthquake occurred near the coast of central Peru on Saturday at 18:54 UTC (1:54 pm local time)according to catastrophe modeling firm AIR Worldwide.

JLT completes Chile broker buy

JLT has completed the £10m acquisition of an initial 50.1% stake in Alta, the holding company of Chile’s fourth biggest broker Orbital Corredores de Seguros.

Ace heralds international efforts as fraudster jailed

Ace Europe has trumpeted its international claims investigation system, following the conviction of fraudster Anthony McErlean, who was jailed last week for attempting to claim £520 000 from the insurer after faking his own death.

Market moves: Getting ready for the fourth quarter

Lloyd’s players were the most active recruiters this week as the insurance industry looks forward to the fourth quarter. A number of underwriters in the London Market made appointments, with a view to strengthening their teams. Moves among insurers…

Interview – Pierre Lefèvre: A long time coming

As international division managing director for Groupama, the UK once again falls under the watchful eye of Pierre Lefèvre, after an earlier five-year stint as the country’s CEO. Almost a decade after their last interview, Lynn Rouse catches up with…

Tawa acquires Chiltington

Tawa has entered into a share purchase agreement to acquire Hamburger Internationale Ruckversicherung, the holding company for the Chiltington Group of companies.

Axis to expand in Mexico

Axis International is to expand its operation in Mexico, targeting domestic growth opportunities and the country's international reinsurance business.

Microinsurance - A solution to all ills?

Microinsurance is being touted as the answer to insuring the poorest regions of the world against extreme weather threats. However, as Stephanie Denton reports, this may not be the case.

View from the top: A hard market is coming

I started talking about positive signs of rate movement more than a month ago. While many agreed, not all of the market's 'big three' brokers shared this view. But a few weeks can effect considerable change and now even Aon's soothsayers will probably…

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