Puerto Rico moves to tighten oversight of insurance sector
27 de octubre de 2025
Bill 428 aims to align the island’s international insurers with U.S. regulatory standards and safeguard NAIC accreditation. #NewsismyBusiness
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ACODESE to host reinsurance forum on Feb. 20
febrero 18, 2025
The participation of executives from entities such as Guy Carpenter, Partner Re, Navigators Re, Helvetia, Swiss Re, BMS Re and QBE, among others, has been confirmed. #NewsismyBusiness
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Puerto Rico bankers, insurance associations launch ‘Make Sure You’re Insured’ campaign
agosto 29, 2024
The initiative aims to educate consumers on the importance of knowing their home insurance coverage limits. #NewsismyBusiness
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Puerto Rico’s corporate sector names top execs across multiple industries
mayo 2, 2022
This edition of Climbing the Corporate Ladder includes executive appointments in a cross-section of industries in Puerto Rico, from technology to insurance.
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Puerto Rico insurers ‘ready’ for hurricane season
junio 3, 2020
Insurance providers grouped under the Puerto Rico Association of Insurance Companies (ACODESE, in Spanish) have their different contingency plans ready to deal with any emergency that arises during the hurricane season that began June 1, the Association’s Executive Director Iraelia Pernas said. Pernas said that as part of the preparation process, and as a result […]
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Regulator: P.R. insurers have paid $2.5B+ in claims, advances
junio 8, 2018
Puerto Rico’s property and contingency insurers have paid more than $2.5 billion in claims and advances to the local policyholders for damages following hurricanes Irma and María as of April 30, 2018.
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ACODESE skips Christmas lunch to donate to P.R. nonprofits
enero 25, 2018
The Puerto Rico Association of Insurance Companies, known as ACODESE, opted-out of Christmas festivities to use the budget allocated for that to help “deliver a bit of joy to the most vulnerable populations, particularly children and the elderly,” said organization Executive Director Iraelia Pernas. “We have given donations to the Hogar Niñito Jesús Foundation, the […]
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Insurance sector creates $185M, 30K jobs for economy
marzo 3, 2017
Puerto Rico’s insurance industry represents $185 million in economic contributions to the government’s coffers and generates 30,000 direct, indirect and induced jobs, a study released Thursday shows.
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Bill sparing health services from B2B tax vetoed
agosto 22, 2016
The Association of Insurance Companies of Puerto Rico (known as ACODESE for its Spanish acronym) blasted Gov. Alejandro García-Padilla’s decision to veto House Resolution 2698, which would have confirmed the exemption of medical services from the 4 percent business-to-business tax.
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New Board of Directors named at 2 local organizations
junio 27, 2016
The Puerto Rico Community Foundation and Association of Insurance Companies of Puerto Rico recently appointed new directors for its respective boards of directors.
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No claims against ACODESE over federal probe
mayo 7, 2013
The Puerto Rico Association of Insurance Companies announced Monday that the probe launched in 2010 by federal authorities has concluded without any claims filed against the organization that has represented Puerto Rico insurance providers since 1975.
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