2 March 2018Insurance

Swiss Re gets approval to write direct insurance in Mexico

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has obtained formal authorisation from the local insurance authorities to operate as an insurer in Mexico. The company was registered as a 'foreign reinsurer' in Mexico since 2014.

The newly licensed entity, Swiss Re Corporate Solutions México Seguros, began operations on Jan. 02, 2018 from its Mexico City office. It will offer multi-line insurance coverage to mid-sized and large companies and government entities through agents and brokers with an initial focus on engineering and construction, general liability, marine and property.

"By developing customized coverage tailored to each company or entity's specific risks, we give our clients the peace of mind to focus on their businesses," said Carmina Abad, CEO of Swiss Re Corporate Solutions México Seguros. "We're also committed to service excellence and strive to build strong, lasting relationships with clients and brokers."

Newton Queiroz, head of sales Latin America, added: "The financial backing and global expertise of the Swiss Re Group allow us to protect Mexican entities from large risks. We look forward to working with clients and brokers throughout the country, which is a strategic market for Corporate Solutions' long-term growth."

Join us at Intelligent Automation in Insurance - London 2018.  Book before the March 31st and save £200. 

More of today's news

RMS appoints new CEO, replaces co-founder Shah

AIG, Travelers among potential acquirers in P&C sector

US commercial P&C rates show first increase in three years

The Ardonagh Group replaces CFO

State Farm underwriting losses widen to $6.5bn in 2017

Hiscox expands ILS team

Brown & Brown acquires Kerxton Insurance

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
1 May 2018   Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business.
News
15 March 2018   Swiss Re plans to increase its regular dividend and authorise a new public share buy-back programme of up to Sfr1 billion ($1 billion) at its Annual General Meeting of shareholders set for April 20, 2018.
News
26 February 2018   While presenting a sharp drop in profit for 2017 due to heavy natural catastrophe losses, Swiss Re CEO Christian Mumenthaler and chief financial officer David Cole praised the reinsurer’s diversification strategy away from P&C reinsurance which Swiss Re wants to further develop.