Broker sanguine on Latin American construction insurance market

Posted On: Nov. 20, 2015 12:00 AM CST

Frank Murphy, chief executive of U.K.-based insurance and reinsurance broker THB Group Ltd., has said that the Latin American construction insurance segment offers strong future growth potential for THB, reported BNamericas.

Mr. Murphy said that Latin American economy is expected to "explode" in the coming 10 years and this will increase the need for more infrastructure, creating strong demand for construction-related insurance.