Mexico News

US Appeals Court Revives Mexico’s $10B Lawsuit Against Gun Maker

A U.S. appeals court on Monday revived a $10 billion lawsuit by Mexico seeking to hold American gun manufacturers responsible for facilitating the trafficking of weapons to drug cartels across the U.S.-Mexico border. The Boston-based 1st U.S. Circuit Court of …

Mexico Launches Appeal in Suit Against U.S. Gun Makers

Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, looking to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed the $10 billion lawsuit …

Judge Dismisses Mexico Lawsuit Against Gun Manufacturers

A U.S. federal judge on Friday dismissed a lawsuit brought by the Mexican government against U.S. gun manufacturers arguing their commercial practices has led to bloodshed in Mexico. Judge F. Dennis Saylor in Boston ruled Mexico’s claims did not overcome …

Source of Clean Energy? Wind Turbines Are Spilling Oil in Mexico

Wind turbines were planted along a strip of Mexico’s southern coast to make the country’s power industry cleaner. Now they’re spilling oil. In the town of Juchitan last month, a clean-up was under way around a generator owned by Electricite …

Mexico Auto Thefts Surge in Ominous Trend for Insurers

Auto-theft rates in Mexico are rising at the fastest pace ever, and authorities are getting worse at tracking down the stolen cars. In March, the number of auto thefts rose 21 percent from the same month a year earlier, according …

Lloyd’s Names Revilla as Head of Latin America

Lloyd’s has appointed Daniel Revilla as head of Latin America responsible for enhancing business relationships and trading rights across the region for the benefit of the Lloyd’s market. He will also assume the role of country manager for Mexico and …

XL Catlin Opens 2nd Mexico Office; Matthey Named Client Distribution Leader

XL Catlin has opened a second office in Mexico, located in Monterrey, and appointed Carlos Matthey as client distribution leader in that location. Monterrey is the capital of the state of Nuevo León, which has an economy comparable to that …

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 …

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 …