Re Opportunities Abound In Latin America
Over the last 10 years, Latin America has become one of the most economically vital regions in the world. Privatization, legal reforms and the elimination of trade barriers have opened the market to global companies.
Foreign insurers and reinsurers are now permitted to own 100 percent of local firms and have been given substantial freedom in product design, pricing and marketing. Risks have also emerged as a result of new construction projects, directors and officers liability, surety, bankers blanket bonds, and professional liability. In addition, the tendency by insureds and reinsureds to increase their risk retentions has generated an appetite for alternative risk transfer products as a means of stabilizing results.
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