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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.

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...

Share experiences learned and applied by peers, champions and thought leaders in industries as diverse as mining, energy, telecommunications, banking, financial services, insurance, education, government and others.

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.

This is the abridged version of a new independent technical study of the Hidroituango Hydroelectric Dam project tunnel collapse on Colombia's Cauca River by Canadian geological engineering expert Dean Brox. According to Mr. Brox, serious design flaws and critical decisions led to...

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

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...

Korean Reinsurance Company has obtained approval from Colombian regulators to open a representative office in Bogota.

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...

Spanish insurer MAPFRE has entered into a strategic alliance with Banco Pichincha in Colombia to offer insurance products to the bank's customers.