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Total premiums fall 12.3 in Chile; life insurance premiums grow by 25 in El Salvador, Peruvian market grows 20.2; Puerto Rican regulator denies plans to liquidate First Medical

  • Edwards Wildman Palmer LLP
  • -
  • Chile, El Salvador, Peru, Puerto Rico
  • -
  • August 11 2009

The Association of Chilean Insurers recently reported that total premiums fell 12.3 when comparing the first half of 2009 to the first half of 2008

Market growth in Mexico, Ecuador and Argentina; Puerto Rican regulator shutters insolvent insurer; Santander considers sale of Argentinean, Chilean and Mexican insurance units

  • Edwards Wildman Palmer LLP
  • -
  • Argentina, Chile, Ecuador, Mexico, Puerto Rico
  • -
  • August 5 2009

A spokesman for Spanish banking group Santander reportedly stated recently that the company is considering selling its insurance units in Argentina, Chile and Mexico, though he reportedly also referred to the situation as "vague and imprecise."

Premium growth results and forecasts

  • Edwards Wildman Palmer LLP
  • -
  • Argentina, Brazil, Colombia, Mexico, Puerto Rico, Venezuela
  • -
  • July 27 2009

Mapfre’s Latin American operation, Mapfre America, recently announced that its net profits increased 25.0 and its total premiums 20.3 when comparing the first half of 2009 to the first half of 2008