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  • Hapvida IPO raises US$947mn

    4/25/18
    Brazilian health insurer Hapvida Sistema de Saúde raised a total of 3.3bn reais (US$947mn) via an initial public offering (IPO). Of the total, 2.5bn reais were raised via a primary offer and the rest via a secondary one. The...

  • Snapshot: Chile's BancoEstado

    4/24/18
    Chile's President Sebastián Piñera and finance minister Felipe Larraín named Juan Cooper Álvarez as CEO of state lender BancoEstado. Cooper, whose previous roles include heading Banco de Chile's consumer finance subsidiary...

  • Nicaragua cancels pension reform

    4/23/18
    Nicaragua's President Daniel Ortega scrapped on Sunday a highly controversial reform of the country's pension law that sparked four days of violence, leaving 24 dead, including a local journalist who was shot during a live report. ...

  • Sul América expands in Minas Gerais

    4/23/18
    Brazilian insurance company Sul América is expanding its footprint in southeast Minas Gerais state, the country's second most populous. The company named André Lauzana as commercial vice-president to manage Sul América's business...

  • Brief: Triunfo mulls Peru incursion

    4/20/18
    Argentina's Triunfo is preparing to offer financial insurance lines and is also considering expanding into Peru, company chief Luis Pierrini was quoted as saying by Argentine paper Diario Jornada. In related news from Argentina,...

  • Making insurance sexy

    4/20/18
    How do you make insurance sexy? For starters, insurance should be seen as something you buy instead of something you are sold, the CEO of Chile-headquartered connected car platform Jooycar, María Paz Gillet, said during industry...

  • Microinsurance on the rise

    4/19/18
    A new study by the Microinsurance Network indicates the inclusion-focused mechanism is gaining momentum in the region. Microinsurance gross written premiums (GWPs) grew to an estimated US$480mn at the end of 2016 with 8.1% (about 1 in ...

  • Afores need to insure infra investments

    4/18/18
    With 13.5bn pesos (US$750mn) invested in Mexico City's politically controversial new airport (NAICM), the nation's pension fund managers (Afores) would need coverage against possible losses from such infrastructure projects, according ...