Tag Archives: reinsurance

New reinsurance laws in Puerto Rico open the jurisdiction to the international (re)insurance market

Historically, jurisdictional insurance laws in the United States governing credit for reinsurance have required non-US reinsurers to post 100% collateral in the US for risks reinsured from US ceding insurers. Many international reinsurers complained about these collateral requirements which were … Continue reading

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Regulatory Update Latam: “New Practices, New Laws-the year of Globalization”

2021 was a very busy year in terms of regulatory updates within many of the Latin American insurance legal systems as reported in our previous article published last November. As technology advances and communication is ever more rapid, many countries in Latin America … Continue reading

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Update: Fiscal liability proceedings in Colombia

In our previous article, Fiscal liability proceedings in Colombia, we discussed how the recent decisions of the office of the Comptroller General or Contraloría (CGR), the autonomous governmental agency in charge of monitoring public fund use, have caused great concern … Continue reading

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