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AM Best has revised its market segment outlook to negative from stable on Colombia’s insurance industry, owing mainly to the COVID-19 pandemic and the resulting economic damage, which will strain the segment considerably. A new Best’s Market Segment Report, titled, “Market...

AM Best is maintaining its stable market segment outlook on Colombia’s insurance industry, citing Colombia’s favorable economy, strong capital positions among carriers and adequate regulation. The new Best’s Market Segment Report, titled, “Market Segment Outlook: Colombia...

Five year old Brazilian reinsurance company Austral Resseguradora has received authorization to operate in Colombia and Ecuador, the Rio de Janeiro firm has announced. The firm is a subsidiary of Austral Participações S.A. Aside from operations in Brasil, Colombia and Ecuador,...