Re Opportunities Abound In Latin America

Over the last 10 years, Latin America has become one of the mosteconomically vital regions in the world. Privatization, legalreforms and the elimination of trade barriers have opened themarket to global companies.

Foreign insurers and reinsurers are now permitted to own 100percent of local firms and have been given substantial freedom inproduct design, pricing and marketing. Risks have also emerged as aresult of new construction projects, directors and officersliability, surety, bankers blanket bonds, and professionalliability. In addition, the tendency by insureds and reinsureds toincrease their risk retentions has generated an appetite foralternative risk transfer products as a means of stabilizingresults.

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