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
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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.

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ARTICLE
18 February 2010

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

Colombia Insurance
Contributor
Edwards Angell Palmer & Dodge LLP
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