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Results: 1-8 of 8

Chilean insurers raise insured loss estimates and relax claim notice requirements
  • Locke Lord LLP
  • Chile
  • March 5 2010

Having now dispatched personnel to review the damage, and beginning to receive reports from their largest insureds, Chile's insurers have raised their estimate of insured losses from US$ 2.6 billion to $US 4 billion


Chilean court finds insurance broker liable for failure to obtain requested coverage, leading to claim denial by insurer
  • Locke Lord LLP
  • Chile
  • November 10 2009

Earlier this year, a Chilean court found an insurance broker liable to an insurance beneficiary for failing to obtain the insurance coverage requested, which led to the insurer denying the beneficiary’s claim for disability benefits


Chilean insurance market contracts by 12
  • Locke Lord LLP
  • Chile
  • August 19 2009

Due largely to lower life annuity sales, total premiums in the Chilean insurance market fell 12.3 for the first half of 2009 when compared to the first half of 2008


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
  • Locke Lord 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
  • Locke Lord 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."


Expansion into emerging markets a priority for insurance companies despite economic crisis; Grupo Mundial lays out plans for Costa Rica; Chilean insurer expands into Peru; premium growth in Guatemala and Venezuela
  • Locke Lord LLP
  • Peru, Venezuela, Chile, Costa Rica, Panama
  • July 24 2009

According to a recent Accenture study, cross-border expansion into emerging markets is a major short-term priority for insurance companies based in both developed and developing nations


Helen Clark
  • Locke Lord LLP