Overshadowed by the pandemic, Latin America’s GDP growth results closed 2020 at nearly -8%, while global GDP growth results closed at -5%.
Continue Reading Economic drivers in Latin America: Key industry sectors and the rise of SESG

Por: Christopher C. Paci | Nicolas Teijeiro | Richard A. Chesley | Jamila Justine Willis | William Candelaria

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En medio de la conmoción económica y financiera
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Hace ya algún tiempo que Bitcoin se encuentra en la mira de las autoridades nacionales e internacionales, quienes han discutido acerca de la necesidad de su regulación; sin embargo, este interés se ha exacerbado más
Continue Reading Blockchain y Criptomonedas, Contratos Inteligentes, tecnologías en la mira de la regulación

Retrocession

This new regulation restricts private pension plans, and insurance cooperatives, microinsurers and insurance companies operating only with DPVAT (mandatory auto insurance for personal damages caused by vehicles) to accept risks in retrocession¹.

Pursuant to this new rule, retrocession with insurers placed in Brazil or abroad can be placed directly with the insurer or intermediated by reinsurance brokers, provided that the insurer operates in the line of business which is being retroceded.

Insurers can accept in retrocession business from reinsurers based abroad, registered or not by SUSEP. Such placements may be intermediated by foreign reinsurance brokers not registered with SUSEP. However, insurers cannot accept retrocession business from foreign insurers, registered or not with SUSEP.

(Portuguese language is below)
Continue Reading Brazil: New Insurance Rules – Retrocession and new resolutions for pension plans