Ecuador: Liberty Mutual Insurance Europe Limited Obtains Foreign Reinsurer Authorization
Liberty Mutual Insurance Europe Limited (LMIE) was recently granted authorization by Ecuadorian insurance regulator la Superintendencia de Bancos y Seguros (SBS) to do business in the country as a foreign reinsurer. LMIE was advised through the application process by EAPD attorneys Jack Dearie and Machua Millett, together with local counsel.
As discussed in our prior post here, the Ecuadorian insurance market grew by 17% between July 2008 and July 2009.
If you would be interested in learning more about the Ecuadorian or other Latin American (re)insurance markets and/or regulatory environments, please click the “Email the Editor” button and provide your contact information for follow-up by an EAPD attorney.
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