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//insurance
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Mapfre Grew by 1.4% in Colombia in the First Quarter of 2024

This beat overall growth of 0.7% for the Spanish insurer across its operations in Latin America.
Posted On May 12, 2024
, By Editorial Staff
The Higabra Valley Tunnel at Continental Gold's Buriticá goldmine in Antioquia.
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Fitch Says LatAm Sector Outlooks Mostly Unchanged Amid Resilient Economic Growth

Fitch says commodity prices will be the main transmission channel of China’s rebound for Latin American economies.
Posted On July 4, 2023
, By Loren Moss
Motorcycle getting towed ©Liliana Padierna
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Fitch: Claims Affect Profitability For Colombian Property & Casualty, Health Insurers

Loss ratios for most of the rated insurers were up due to a higher cost of claims.
Posted On June 2, 2023
, By Loren Moss
Medellín Mayor Daniel Quintero and his appointed General Manager of city-owned utility conglomerate EPM (Empresas Públicas de Medellín), Jorge Andrés Carrillo.
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Medellín Mayor Daniel Quintero, EPM Head Jórge Andrés Carrillo Under New Prosecutorial Investigation

Prosecutors are investigating whether Quintero & Carrillo caused or allowed insurance coverage to lapse on the $5 billion hydroelectric dam.
Posted On January 10, 2023
, By Loren Moss
Some of the land border crossings with Venezuela have been closed for up to 7 years.
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Atanasio Girardot “Tienditas” Bridge Opens Between Colombia And Venezuela

The bridge was never opened when finished due to rising tensions between the two neighbors.
Posted On January 3, 2023
, By Loren Moss
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Aon & Friends Host 80km Wellness Bike Trek Outside Bogotá

Aon held the first "Biken' Brunch" where Colombian professionals participated in an 80km ride through Sopó, Sesquilé & Guatavita.
Posted On December 20, 2022
, By Loren Moss
The space where turbines 5-8 will eventually go, once a contractor is selected and insurance is found. (photo: Loren Moss)
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EPM Postpones Hidroituango Bid Opening For A Fifth Time; Now Cites “Insurance Difficulties”

Whatever contractor that wins the bid will likely do so at a price that takes into account the added uncertainty and liability.
Posted On November 8, 2022
, By Loren Moss
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Chubb Insurance Appoints Fabio Cabral As Colombia President, Manuel Obregón To Chair Board

Manuel Obregón will ascend to chair Chubb's Colombia Board of Directors focusing on governance & strategic decisions.
Posted On October 4, 2022
, By Loren Moss
Image by PublicDomainPictures from Pixabay
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Insurance Sector Says Property Damage From Colombia Unrest Exceeds $62 Million USD

The amount represents claims for 5,158 insured risks, including real estate, public transport, private goods, vehicles, and cargo. According to Fasecolda, insurers expect to pay $154.7 billion pesos on 1,850 private risks, and $60.7 billion on 347 public-sector risks.
Posted On August 26, 2021
, By Loren Moss
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Fitch Downgrades EPM Credit Ratings From BBB- To BB+ After City of Medellín Credit Downgrade

Fitch views EPM's corporate governance as weak due to the strong influence exerted by the company's owner, the City of Medellin. EPM has an ESG Relevance Score of '4', which reflects the company's recent instability in board membership and indicates that the score has a negative...
Posted On July 13, 2021
, By Loren Moss
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