ARTICLE
18 February 2010

Latin American (Re)insurance Update: Industry Growth In Colombia And Mexico

EA
Edwards Angell Palmer & Dodge LLP

Contributor

Edwards Angell Palmer & Dodge LLP
Total premiums for the previous twelve months as of the end of September 2009 reached US$ 5.35 billion, up US$ 462.16 million (9.46%) over the twelve month period ending September 2008.
Colombia Insurance

Colombia: Total premiums for the previous twelve months as of the end of September 2009 reached US$ 5.35 billion, up US$ 462.16 million (9.46%) over the twelve month period ending September 2008. The top ten insurers in the market by total premium are Suramericana, Bolivar, Colseg, Mapfre, Liberty, Alfa, Previsora, BBVA and QBE.

Mexico: Despite continuing economic and social upheaval, total premiums grew 3.8% in the third quarter of 2009. The increase was led by growth in the life (10.9% growth) and accident and health (1,1% growth) lines, and tempered by a 4.5% decline in total auto insurance premiums. The Mexican Association of Insurers recently predicted that total premiums will have increased by 5-6.5% in 2009 and will increase an additional 7% in 2010.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More