Swiss Re, Tokio Marine Conclude $450 Million Cat Swap

August 16, 2001

Mexico City daily el Economista reported that the robbery of insured cars declined by 7.5 percent at the national level during the first seven months of 2001, compared to the same period in 2000.

Car thefts declined to 24,107 between January and July of this year, from 26,088 between January and July of 2000, according to the Mexican Association of Insurance Institutions (AMIS). Almost half of all car thefts occur in Mexico City, where 12,041 reports of car theft were made this year–13.02 percent fewer than last year.

AMIS said it is looking for a 1-percent increase in the number of cars insured in 2001, which would equal 15 million insured cars in Mexico, or 37 percent of all Mexican cars.

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