Category: Other
-
Latin American construction bond insurers look to force majeure for respite
The coronavirus pandemic has affected certain areas of the regional re/insurance market more than others, with construction insurers and reinsurers particularly exposed. Covid-19 has had an impact on the regional insurance market in Latin America in various ways. For example, in terms of coverage disputes, there has been a notable acceleration in settlement agreements in…
-
Update: Miami Latin American Claims (Re)Insurance Forum postponed until 2021
In light of growing global health concerns, we have decided to postpone this year’s Forum until 2021. The event will take place during one of the following 2021 dates which we are currently discussing with the host hotel: May 25-28; June 8-11; June 15-18. As soon as the new dates have been firmed up we…
-
How sure is surety in Latin America?
It pays to be sophisticated when it comes to surety in the construction industry in Latin America. For anyone familiar with the surety business in LATAM, especially those who have been stung, they will understand. A surety bond is an ancillary contract to a building contract, whereby the surety guarantees to the beneficiary that the…