Mexican reinsurer News

Mexico’s insurance industry overall remains well-capitalized and can absorb the financial impact generated from Hurricane Willa, according to an A.M. Best briefing. Hurricane Willa made landfall on Oct. 23 on Mexico’s Pacific Coast (approximately 300 miles west of Mexico City) …

Ironshore Inc. announced that its Pembroke Managing Agency Limited and Mexico reinsurance company, Patria Re, have received Lloyd’s approval to establish a Special Purpose Syndicate (SPS). “Patria Re will join the Lloyd’s platform in partnership with Pembroke as the first …