By Daniel Gettings ,
Practice Leader for the Latin America and Caribbean
Despite the limited market in the region for transactional risk insurance, our team placed policies for assets located in Mexico, Chile, and Uruguay last year. There was a substantial increase in interest from clients in Brazil, Peru, Colombia, Argentina, Guatemala, Puerto Rico, and Panama.
The region saw an increase in underwriting capacity and coverage expansion. More than 11 insurers have expressed interest — via their hubs in New York, London, and Spain — in underwriting Latin American transactional risk and are either already active in the region or seeking capacity to expand their coverage into these territories. Marsh has invested in regional resources to educate clients in Latin America and their legal advisors on the benefits of using transactional risk insurance.