Mexico News

Cooper Gay Swett & Crawford – Looking Forward, Not Back

Don’t tell Toby Esser, Cooper Gay Swett & Crawford’s CEO, that the global economy is in the doldrums. “We’ve had substantial organic growth over the last 12 months with property up around 20 percent, and an increased market share,” he …

Explosion, Fire at Mexico Pemex Gas Facility Kills 26

An explosion and fire killed at least 26 people at a Pemex natural gas facility in northern Mexico near the U.S. border on Tuesday, one of the deadliest accidents in the oil and gas industry in recent years. Television footage …

Tropical Storm Helene Weakens as it Passes over Mexico’s East Coast

Tropical Storm Helene made landfall off the Gulf of Mexico on Saturday and weakened into a tropical depression as it plowed up Mexico’s east coast, the U.S. National Hurricane Center said. The depression was about 65 miles (105 km) west-northwest …

Weakened Hurricane Ernesto Causes Minimal Damage

Hurricane Ernesto weakened to a tropical storm as it passed over Mexico’s Yucatan Peninsula. According to catastrophe modeling firm AIR Worldwide, Ernesto made landfall overnight as a Category 1 hurricane near the coastal community of Mahahual.” AIR said that, “although …

UPDATE: Cat I Hurricane Ernesto Nears Mexico, Belize

According to the latest report from the National Hurricane Center in Miami, the center of category 1 Hurricane Ernesto was about 20 miles, 35 km, north of Chetumal, Mexico and about 160 miles, 260 km, east south east of Campeche, …

TS Ernesto Strengthens; Expected to Impact Belize, Mexico; AIR Analysis

Tropical Storm Ernesto is gaining strength as it moves west-northwest at around 13 mph, 20 km/h, according to the latest bulletin – 5:00 a.m. EDT – from the National Hurricane Center in Miami. As it moves along the forecast track …

HSBC Sets Aside $2 Billion for U.S. Investigation, Mis-selling

HSBC’s chief executive apologized on Monday for shameful and embarrassing mistakes made on anti-money laundering controls as the bank set aside $2 billion to cover the cost of U.S. investigations and compensate UK customers for mis-selling. Europe’s biggest bank reported …

AIA Endorses Invitation to Mexico to Join Trans-Pacific Partnership

David F. Snyder, vice president and associate general counsel at the American Insurance Association, has issued a statement endorsing Mexico’s invitation to join the Trans-Pacific Partnership (TPP). The proposed agreement will seek to promote and enhance trade and economic growth …

Gomez to Head Lockton Mexico P&C, Surety Operations

Lockton announced that Ana Luisa Gomez has joined the company as Managing Director and CEO of Lockton Mexico Agente de Seguros y Fianzas, for all property and casualty and surety business lines. Gomez has 20 years of experience in the …

XL Group Names Lanzagorta Client & Distribution Leader for Mexico

XL Group plc announced the appointment of Joan Lanzagorta as Client & Distribution Leader for its operation in Mexico, effective as of mid-April. He has broad experience in the Insurance industry. Prior to joining XL Group he spent 3 years …