Brazilian magazine Veja reports that the owners of local reinsurer IRB have fired Tarcisio Godoy from the top job.
Uncertainty is damaging the prospects for economic recovery.
The state-run bank asked for a new offer, separated by segments.
Authorities have had to fly in about US$2bn/y in hard cash to meet demand, which has generated logistics costs for the state.
Panama inks agreement with Mexico, Chile gets ready to fatten sovereign wealth fund ahead of planned withdrawal of money for pensions, and Colombia watchdog warns of bogus marketing claims.
Mexican insurance association AMIS is calling for a regulatory framework for rideshare platforms like Uber, as insurers raise rates for its drivers who are perceived to be increasingly risky.
Mining put strain on April IP in Mexico, while Peru's central bank pauses the easing cycle, citing supply shocks.