Latest Mexico Headlines
All the headlines from our Mexico Topic Page, ordered by recency.
NAII Warns: Political Games over NAFTA Funding May Prove ‘Deadly Serious’
Jul 3 2001 // According to the National Association of Independent Insurers (NAII), congressional action to block funding for additional border inspectors and facility improvements in anticipation of the opening up of the U.S.-Mexican...
ING Completes Acquisition of Mexico’s SCA
Jun 25 2001 // Holland’s ING Group announced that it had successfully completed the acquisition of an additional 45 percent interest in Mexico’s largest insurance company, Seguros Comercial America, from its parent, Savia...
ING UPS STAKE IN SEGUROS
Jun 18 2001 // Comercial America: Dutch financial services conglomerate ING Group said it has agreed to buy an additional 45 percent stake in Seguros Comercial America (SCA) for $791 million. The deal is part of a step taken in February...
Mexico’s Savia, Dutch ING, Complete Deal
Jun 6 2001 // Dutch financial giant ING Group purchased the remaining stake in Mexico’s largest insurer from cash-troubled Mexican conglomerate Savia for $791 million, a sale which will help knock down Savia’s $1.33 billion...
Agency’s Policies Go South
May 21 2001 // The CDI filed an Accusation against a San Diego father and son insurance agency that has been selling Mexican tourist insurance to Californians since 1951. The Accusation seeks the revocation of their individual and agency...
DOT Confirms Need for Tighter Mexican Trucks Inspection under NAFTA
May 18 2001 // An adequate number of safety inspectors and a detailed plan for the inspection of Mexican trucks at all borders are both essential for the safety of all motorists, according to the National Association of Independent...
Citigroup’s Acquisition of Mexico’s Banacci Affects Insurers
May 18 2001 // Yesterday’s announcement that Citigroup will acquire Mexico’s second largest financial group, Grupo Financiero Banamex Accival, popularly known as “Banacci,” for $12.5 billion in cash and stock,...
CDI Files Accusation Against San Diego Agency
May 16 2001 // The California Department of Insurance (CDI) filed an Accusation against a San Diego father and son insurance agency that has been selling Mexican tourist insurance to Californians since 1951. The Accusation seeks the...
International Insurance Group Launches Mexican Auto Policy Website
May 7 2001 // International Insurance Group Inc., in conjunction with Grupo Nacional Provincial (A.M. Best rated “A-9”), announced the launch of its website designed to allow agents, brokers and consumers to issue Mexico...
Visions Clear for NAFTA Insurance
Mar 5 2001 // The media reports have died down since the Feb. 6 ruling that the United States was in violation of the North American Free Trade Agreement by disallowing Mexican trucks free access to American roadways. The work has just...
Former New Mexico Insurance Superintendent Claims Wrongful Termination
Feb 23 2001 // Former New Mexico Insurance Superintendent Don Letherer is suing several current and former state regulatory officials for wrongful termination according to a Business Insurance report. Letherer charges that the officials...
NAFTA Panel: U.S. in Violation of Treaty
Feb 19 2001 // On Feb. 6, a North American Free Trade Agreement arbitration panel upheld an interim ruling opening the United States border to Mexican trucks. Many in the insurance industry say they will cautiously review the changes the...
NAFTA Ruling Expected to Allow U.S. Access to Mexican Trucks
Feb 12 2001 // A North American Free Trade Agreement arbitration panel is expected to uphold an interim ruling from November allowing Mexican trucks to operate in the United States. Many in the insurance industry say they will cautiously...
Trade Panel: U.S. Violated NAFTA
Feb 7 2001 // An arbitration panel ruled unanimously Tuesday that the United States violated the North American Free Trade Agreement by barring Mexican trucks from most of its highways. But it said the United States can require Mexican...
Fitch Publishes Report on Swiss Re Mexico
Jan 5 2001 // Fitch rating agency has published a report affirming the ‘AAA’ rating of Swiss Re Mexico S.A., and its subsidiary Reaseguros Alianza Panama, S.A., which is in runoff, at ‘A.’ The brief announcement...
Liberty Mutual Sells Subsidiary to Mexican Group
Dec 6 2000 // Mexico’s Grupo Financiero Inbursa announced that it had purchased Liberty Mexico Seguros from Liberty Mutual, its parent company, for $11.5 million. Inbursa operates Seguros Inbursa, and plans to merge...
New Mexican Auto Insurance Websites to Help U.S. Consumers, Agents
Nov 29 2000 // A new website will give tourists a chance to purchase Mexican automobile insurance before they venture south of the border. In addition, agents can order policies for their customers through a website designed for...
NAFTA MORATORIUM
Nov 6 2000 // Presidential candidates George W. Bush and Al Gore are being urged by the National Association of Independent Insurers to maintain the moratorium against granting Mexican trucks full access to American highways until...
IIAA Honors 2000 National Awards Program
Oct 30 2000 // Top honors in the Independent Insurance Agents of America’s 2000 National Awards Program were presented today to the Independent Insurance Agents of New Mexico, the Independent Insurance Agents of Oklahoma, and the...
Insurance Groups Voice NAFTA Concerns
Oct 30 2000 // The provisions of the North American Free Trade Agreement have been in place for several years, but Mexico and the U.S. have yet to simplify cross-border shipping by implementing a feasible cross-border insurance system...
