The Guatemalan Association of Insurance Institutions (AGIS) is looking to give greater impetus to reinsurance this year, as currently only one third of the total premiums are ceded to reinsurers.

Salvador Leiva, president of the AGIS told Elperiodico.com.gt that "... The most important thing in our country is that in the area of the most catastrophic events which could jeopardize not only the economy but the country's insurers, this is where the great benefit provided by reinsurers comes in."

Meanwhile, Horst Agata, CEO of GenRe Mexico, said "... The need exists for Latin American governments, particularly those in Central America, to ensure equity and public infrastructure."

Source: elperiodico.com.gt

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