Insurers face rising Venezuela exposure: Morningstar

Recent geopolitical developments in Venezuela have elevated risks for global insurers particularly in specialty property and casualty lines exposed to marine and aviation risks in the Caribbean, with secondary impacts on political risk, trade credit and energy-related exposures, according to Morningstar DBRS, Reinsurance News reported. Enforcement actions, sanctions and heightened security activity could gradually weigh on the credit profiles of insurers operating in the region.