Mexico News

Sompo Canopius & Mexico’s GNP Form Strategic Partnership

Sompo Canopius AG and Mexico’s Grupo Nacional Provinical SAB formed a strategic partnership. This arrangement will help both parties to develop new business and insurance products for the Mexican market, “capitalizing on GNP’s position as a leading domestic insurer and Sompo …

Great American Insurance Establishes Specialty P&C Division in Mexico

Great American Insurance Group announced today that the Mexican Insurance Commission has granted formal approval to extend the license of its local company, El Águila Compañía de Seguros, S.A. de C.V., to establish a specialty property & casualty operation in …

Celebrities’ Mexican Holiday Homes Pummeled by Hurricane Patricia

Mexico may have dodged a bullet from the fury of Hurricane Patricia, but jet setters like Bill Gates, Gwyneth Paltrow and Cindy Crawford will have to find a new playground for now after the storm ravaged some of the world’s …

XL Catlin Strengthens Team in Mexico with 3 Senior Appointments

XL Catlin announced it is further strengthening its insurance operation in Mexico with the following three appointments: Juan Pablo Caso as client distribution leader, responsible for supporting strategic clients Francisco García as senior underwriter construction Adriana Perez as senior underwriter …

Cooper Gay Swett & Crawford Appoints Padilla Gen’l Manager-Parts of Lat. Am.

Independent wholesale broker Cooper Gay Swett & Crawford (CGSC) has appointed Alejandro Padilla as General Manager and Head of Broking for Mexico, Central America, Puerto Rico and the Dominican Republic, effective August 16, 2015. He will join CGSC from Swiss …

Willis Mexico Expands Footprint With Acquisition of Carsa Consultores

Willis Group Holdings plc announced it has acquired Carsa Consultores, a leading broker in Mexico. The move strengthens and supports Willis Mexico’s existing business, while also expanding its overall footprint, especially in the northwest region of Mexico, creating a new …

Insurance Journal’s Academy of Insurance is saying, “Bon Voyage!”

San Diego, CA – 9/18/14 – Insurance Journal’s Academy of Insurance is teaming up with the Insurance Community University for a 4-day Princess Cruise this November. The insurance educators will set sail from Los Angeles on November 10th visiting Catalina …

Four Latin American Nations Agree to Remove All Trade Tariffs

Mexico, Colombia, Peru and Chile said on Monday they had wrapped up negotiations to remove all trade tariffs between them, cementing a bloc that the four hope will encourage free trade between Latin America and the rest of the world. …

Marsh & McLennan Offers Organized Crime Insurance in Mexico

The Mexican unit of insurer Marsh & McClennan Companies Inc said on Monday it is launching a policy that will cover terrorism, organized crime and sabotage, the first such policy available in a country wracked by drug-related violence. Mexico’s ongoing …

Euler Hermes and MAPFRE Form ‘Solunion’; a New Credit Insurance Venture

Euler Hermes and MAPFRE jointly announced the launch of “Solunion”- the brand name of their new credit insurance joint venture in Spain and four Latin American countries. Each partner owns 50 percent of the company, which is set to launch …