ANNOUNCEMENT 04 May 2017
The Government of Argentina established that reinsurance and retrocession services may be supplied
through local reinsurers and/or cross-border reinsurers, modifying the risk allocations scheme.
NUMBER OF INTERVENTIONS
Official Gazette of the Argentine Republic. Boletín Oficial de la República Argentina. Ministerio de Finanzas. Superintendencia de Seguros de la Nación. Resolución 40442-E/2017. Available at: https://www.boletinoficial.gob.ar/#!DetalleNorma/163138/20170504
On May 4, 2017, the Ministry of Finances of Argentina adopted Resolution 40422-E/2017 establishing a new scheme for the allocation of risks. The new regulation allows companies to place up to a certain percentage of their risks with reinsurers located abroad. The regime is set as it follows:
Previously to this legislation, insurance companies could only reinsure individual risk with cross-border reinsurers above USD 50 million.