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Fitch issues mixed annual report on insurance market
- Edwards Wildman Palmer LLP
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- Argentina
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- July 28 2009
Fitch Ratings recently issued its annual report on the Argentinean insurance market entitled "El mercado asegurador argentino: Resultados y perspectivas 2009."
Premium growth results and forecasts
- Edwards Wildman Palmer LLP
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- Argentina, Brazil, Colombia, Mexico, Puerto Rico, Venezuela
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- 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
Swine flu in Argentina, premium growth in the Dominican Republic, coverage issues relating to the coup in Honduras
- Edwards Wildman Palmer LLP
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- Argentina, Dominican Republic, Honduras
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- July 9 2009
Official estimates of the number of swine flu cases in Argentina have reached 100,000, causing concerns about the potential impact on the nation’s economy generally and the insurance industry more specifically
Latin American update
- Edwards Wildman Palmer LLP
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- Argentina, Chile, Cuba, Mexico, Nicaragua, Venezuela
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- June 11 2009
According to the national regulator, total premiums in the Argentinean insurance market increased 7.4 when comparing the twelve months ended April 30, 2009 with the prior twelve month period
Argentinean authorities impose total fine of 23 times premium for unauthorized life insurance transaction with foreign insurer
- Edwards Wildman Palmer LLP
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- Argentina
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- June 10 2009
The Argentinean authorities recently fined an individual insured 8 times premium and an insurance intermediary 15 times premium for illegally transacting life insurance business with a non-authorized foreign life insurer
General insurance sector reportedly grows 32 in 2008
- Edwards Wildman Palmer LLP
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- Argentina
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- March 30 2009
Latino Insurance reported recently that total premiums for the general insurance market in Argentina grew by 32 (US $695 million) in 2008 to US $2.899 billion
New resolution requires that reinsurance contracts conform to Argentinean law and jurisdiction
- Edwards Wildman Palmer LLP
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- Argentina
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- January 22 2009
Under prior law (Law No. 17418, Article 162), Argentina treated reinsurance as an international undertaking and permitted the ceding company and the reinsurer to choose the appropriate law and jurisdiction in their contract
Argentina enacts law eliminating private pension system
- Edwards Wildman Palmer LLP
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- Argentina
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- December 11 2008
Despite significant domestic and international concerns, the Argentine government has now made official its elimination of the country's private pension system
Mixed predictions for Argentinean and Brazilian insurance markets
- Edwards Wildman Palmer LLP
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- Argentina, Brazil
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- December 9 2008
While Brazilian insurance regulators continue to predict high market growth rates through the end of 2010, Moody's recently sounded a note of caution as to the Argentinean insurance market
Ramifications of the nationalization of private pension funds
- Edwards Wildman Palmer LLP
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- Argentina
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- November 12 2008
On October 21, 2008, Argentina’s president, Cristina Fernandez de Kirchner, announced a plan to nationalize the country’s 30 billion dollars in private pension funds, ostensibly in a effort to protect retirees' savings during the current global economic turmoil
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