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//BFSI – Financial Services
Drone inspection. Operator inspecting construction building turbine power plant
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P&C Insurer Chubb Launches Drone Inspection Program In Colombia

Chubb Risk Engineering initially developed this service in North America, then introducing it in Chile during 2018, then rolling it out to several Latin American countries.
Posted On March 2, 2021
, By Loren Moss
Allianz
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Allianz Fined By Colombian Government For Obstructing Investigation Into Über

According to Supertransporte, Allianz refused to respond to multiple requests from the regulatory agency, which has been battling Über and other transportation innovators in Colombia
Posted On February 5, 2021
, By Loren Moss
Davivienda's Bogotá headquarters. Photo credit: Loren Moss
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Moody’s Says Outlook Negative on Colombian Banks Davivienda, Bancolombia, & Grupo Aval’s Banco de Bogota

Moody's changed to negative, from stable, the outlook on Bancolombia's ratings, while it maintained the negative rating outlook on Banco de Bogota and Davivienda. These actions follow the change in outlook to negative, from stable, on the Government of Colombia's Baa2 government...
Posted On December 17, 2020
, By Loren Moss
Hospital room Image by Cor Gaasbeek from Pixabay
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Expat Group: Visitors To Colombia Would Be Wise To Explore Travel Health Insurance Options. Here’s How

International visitors are once again able to travel to and from Colombia, but during this pandemic, ensuring that travelers are properly protected and have access to quality medical care is essential. In this interview, Expat
Posted On November 30, 2020
, By Loren Moss
0

Strategy Discussion: CTO Sri Shivananda Talks About Paypal’s Push To Help Both The Enterprise & The Unbanked

Finance Colombia’s executive editor Loren Moss was able to speak with PayPal’s CTO Sri Shivananda about the company’s strategy in The Americas, but also drilling down into the company’s plans to bring the unbanked into the world of e-commerce.
Posted On November 21, 2020
, By Loren Moss
ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private equity funds that mitigate, minimize or potentiate the effects generated by the current economic and health crisis due to the pandemic affecting the world.
0

Carlyle Group’s David Rubenstein To Keynote ColCapital Awards This Friday

ColCapital is pleased to invite you to participate in the new version of its annual awards event, recognizing private equity managers with the greatest impact in the Colombian economy. Recognition will be awarded for the adaptation of companies or projects invested by private...
Posted On November 11, 2020
, By Loren Moss
0

Bancolombia Takes Over Grupo Agromercantil, Fitch Calls The Move Credit Neutral

Bancolombia announced an agreement to acquire full ownership of GAH. Under the agreement, Bancolombia will buy the remaining 40% stake in GAH that it currently does not own. This transaction was approved by the Colombian, Panamanian, Guatemalan, and Barbados regulators.
Posted On October 6, 2020
, By Loren Moss
0

While Asking For Government Bailout & Furloughing Thousands of Employees, Bankrupt Avianca Paid 7 “Insiders” Bonuses Of Over $10.3 Million USD

Despite laying off thousands of employees, filing for bankruptcy, and asking the Colombian government for a $370 million USD bailout, FInance Colombia has learned that Avianca has paid bonuses of over $10 million USD to seven top Avianca executives. CEO Anko Van der Werff & CFO...
Posted On September 21, 2020
, By Loren Moss
Photo © Loren Moss
0

Unimpressed By DIP Financing Plan, Bancolombia Terminates Coverage of Avianca

Bancolombia, Colombia's largest bank has issued a report panning Avianca proposed DIP financing plan from the point of view of current shareholders, and indicated that it would no longer be covering the bankrupt airline.
Posted On August 19, 2020
, By Loren Moss
The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.
0

Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

The Institute for Health Metrics and Evaluation (IHME) at the University of Washington is forecasting nearly 388,300 people will die from COVID-19 in Latin American and Caribbean nations by October 1. Brazil is expected to exceed 166,000 deaths and Mexico 88,000. Six other...
Posted On June 29, 2020
, By Loren Moss
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US President Joe Biden Speaks with Colombia President-Elect Gustavo Petro

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Gustavo Petro Elected Colombia’s Next President

Posted On June 19, 2022

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