Panamá's insurance regulator had seized control of the reinsurer in December after it failed to rectify its financial situation.
Tokio Marine Seguradora, one of Brazil's largest insurers and a subsidiary of Japan's Tokio Marine Holding, aims to have all of its services available through digital channels, but without taking the broker out of the process.
Nancy Bewlay joins XL Catlin with more than 25 years' experience in re/insurance with a concentration in primary and excess specialty casualty lines, said Xl Catlin in a press release.
The Colombian government estimates that the Mocoa landslides will be one of the most costly natural disasters in the country's history, a credit negative for Colombian insurers with exposures to the region, said Moody's in a press release.
The ratings agency tells BNamericas that President Cartes' attempt at a constitutional amendment, which lead to violence and protests, will not impact the country's credit metrics or ability to implement policies.
The rate was the lowest for the month since 2012 and will continue to pave the way for even more aggressive monetary easing.
The bank is launching the new offices to address the growing pension management industries, and offer external investment opportunities to fund managers.