The Argentinean regulator has published a new resolution which further clarifies the new rules affecting foreign reinsurers effective September 1, 2011. In particular, it complements Resolution 35,615 which was published back in February of this year setting out a new legal framework for reinsurance (see our previous blogs here and here). 

Costa Rica’s local insurance market soared by 17% in 2010 as premiums grew from US$633 million in 2009 to US$739 million last year, according to figures recently released by the Insurance Superintendency. The market continues to be dominated by the Instituto Nacional de Seguros (INS), but other players, including Panama’s ASSA Compañia de Seguros, have increased their presence.