lnsurance Market After PrivatizationMonday, February 27, 2012 In Costa Rica private insurers have come into the market, primarily selling life and car insurance, with customers seeing lower rates. Although the National Institute of Insurance (INS) remains the undisputed market leader, private insurers are gradually gaining ground, particularly in the areas of auto and life policies. Guatemala: Insurance Companies Broaden Range of ServicesMonday, November 28, 2011 Before new insurance companies join the market insurers are expanding their range of products and services. Starting next year it is expected that the Superintendency of Banks (SIB) will authorize the insurers Best Meridian Insurance Company (BMI) and the British Union Provident Association (Bupa) to start operations . Pan-American Acquires Assets of ALICO in Panama and Costa RicaFriday, November 11, 2011 Through this acquisition, PALIG will increase its already considerable business in Panama and Costa Rica, while expanding its presence in the Caribbean. In total, the businesses that PALIG are attempting to acquire represent over $125 million in premiums and $675 million in assets, according to 2010 figures. More Insurance Companies in GuatemalaWednesday, October 5, 2011 With the entry of the US firm BMI, Guatemalans now have a new health insurance option available in the country. The Superintendency of Banks (SB) has authorized a change in the corporate name of the company, which was registered in the country as the BMI Insurance Company of Guatemala, Sociedad Anonima. Company Profile Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Honduran Insurance MarketTuesday, June 14, 2011 The health insurance sector has been growing since 2003, at a rate of $5 million annually. 15.7%. of the total contracts signed were for health insurance. New Insurer Enters Guatemalan MarketThursday, June 9, 2011 Best Meridian Insurance Company (BMI) has entered the market by acquiring the license to operate from Aseguradora Mundial-Colectivos Empresariales. BMI, is a company dedicated to the health, life, disability and financial services insurance and has a $7 billion portfolio of over 200 thousand customers. Asico Authorized to Operate in Costa RicaWednesday, December 15, 2010 The Superintendence of Insurance (SUG) announced the approval of the branch of the insurance company. Atlantic Southern Insurance Company (ASIC) joins ten insurance companies which are already authorized by SUG. Panamanian Metro Invites Bids for $ 5.2 Million in InsuranceTuesday, December 14, 2010 The Metro Department is inviting bids for risk and social liability insurance policies. The policies issued are for all-risk construction policies (TCR) and civil liability (RC) under the OCIP program (Owners Controlled Insurance Program) as required by the Metro Department of Panama for the construction of Line 1 of the Panamanian Metro. Company Profile
Latinamerica Title Co. is an agent of Chicago Title. Our company offers customers the most comprehensive and accurate title and escrow related services in the region, enhancing real estate transactions with a group of services that minimize the risk of investing in a foreign country. Panama: Generali to Insure TouristsMonday, October 4, 2010 Insurance company Group Generali, with a 2 Million bid price tag, will provide insurance for tourists entering the Tocumen International Airport. The bid process had been delayed by two complaints filed by insurer American Life Insurance Company (ALICO). Life Insurance Policies Down 49% in PanamaMonday, September 27, 2010 Policies taken out to July totaled $13.3 million, 49% less than during the same period of 2009. "Industry sources attribute the drop to three factors: the main one is the effect of British American Insurance Company's bankruptcy but increases in the cost of policies and the fact that people are choosing cheaper coverage with less benefits are also mentioned," reports Edith Castillo for Prensa.com. New Company Enters Costa Rican Insurance MarketThursday, September 9, 2010 The regulator (abbreviated SUGESE in Spanish) has given authorization for Best Meridian Insurance Company (BMI) to begin operations. The US insurer is the tenth to be granted authorization to enter the Costa Rican market and specializes in personal insurance such as health, life and incapacity policies. Pan-American Life Starts Operations in Costa RicaWednesday, July 21, 2010 The insurer will launch a strong campaign to enter the market, looking to create demand for its services. Eugenio Magdalena, executive vice president of International Markets at Pan-American, remarked that the company will provide individual insurance, focusing on life, health and accident policies. Korea’s Eximbank to Finance Panamanian Mining ProjectWednesday, June 30, 2010 Eximbank, a South Korean state-owned bank, closed an agreement with Inmet and a Korean consortium to develop the copper mining project known as Cobre Panama. The agreement states that Eximbank will provide financial support to the project, which also involves Canadian mining company Inmet and a South Korean consortium composed of Korea Resources, LS-Nikko Copper and Korea Export Insurance (KEIC). |
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