RPC | Venezuela | 3 Sep 2010
On 5 August, the Venezuelan National Assembly passed the Venezuelan Law of Insurance Activity, which paves the way for enhanced State regulation of insurance/reinsurance in Venezuela.
Locke Lord LLP | Brazil, Costa Rica, Venezuela | 30 Jul 2009
Eduardo Nakao, the CEO of IRB-Brasil Re, the government-controlled former reinsurance monopoly holder, recently acknowledged that the IRB’s reinsurance prices have hit a nine-year low and reportedly attributed the decline to increased competition from foreign reinsurance competitors.
Paul, Weiss, Rifkind, Wharton & Garrison LLP | Venezuela | 16 Feb 2007
The government of Venezuelan President Hugo Chavez has reached a preliminary agreement with Verizon Communications that would give the state control of Verizon’s 28.5% stake in Venezuelan telecom carrier CANTV for U.S. $572 million.
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