Mexico’s economic growth has turned negative due to external and internal short-term disruptions. Political and policy uncertainty continues to delay investments while tight credit conditions are choking private consumption. More monetary easing is expected in coming months, however the trade/investment outlook remains open-ended and is a source of risk aversion. Life and motor premiums have begun to moderate but overall …

Newline Group (Newline) announced that it is expanding its global footprint by joining Lloyd’s representative office in Mexico City, to serve clients in Latin America and the Caribbean. Operating within Lloyd’s in Mexico, Newline’s Latin America Division will begin underwriting liability and financial lines coverage effective immediately. Carl Overy, CEO of Newline Group stated, “With Newline’s long history of underwriting …

Tokio Marine HCC has established a new subsidiary Tokio Marine HCC Mexico Compañía Afianzadora (TMHCC Mexico) to provide surety bonds to Mexican organisations.   Tokio Marine HCC stated that its new subsidiary will also enable Tokio Marine HCC – Surety Group to produce business for customers in the US, Japan, Europe and other countries worldwide with surety needs in Mexico. …

Lowers Forensics International is pleased to announce that they have further expanded their global reach with the opening of a new office in Mexico. The office, located in Mexico City, will be led by Alejandro Rose. Joe Scarlato, President International says: “This opening reinforces our strategy to establish a presence in key Latin American jurisdictions. It complements our well established Latin America …

The Lloyd’s Mexico’s team, alongside the Lloyd’s syndicates from London, Miami and Mexico, will host presentations in Mexico City to share their local insights, business opportunities and challenges, aimed at Brokers, Risk Managers and (Re)insurance community in general. Participants will have the opportunity to network with participants from the Lloyd’s market including underwriters and brokers, as well as representatives from …

International & Local Service Offering Expanded Through Partnership with Global Consulting Firm Comando Ingeniería, a Mexico City-based construction consulting firm, has announced that it is joining J.S. Held LLC, a global multidisciplinary consulting firm.  Partnering with J.S. Held will allow Comando to provide a greater depth of specialized services to clients in the Latin American market and beyond. The enhanced …

Adjusting losses in Latin America is highly complex and covers multiple aspects. To assure the best possible outcome for clients, expert adjusters need a great deal of knowledge, global vision and local and international market insights. With over 25 years of experience in Latin America, RTS International Loss Adjusters highlights some of these facets in this article. A terminology issue …

“Assessing the cost of the Mexican earthquakes: How effective was the industry’s management of the catastrophe?” is the interesting topic that will be discussed next May 2018 during the 7th Annual Latin American Insurance & Reinsurance Forum | Miami. Raúl Losana, CEO at Comando Engineering will discuss among other experienced insurance professionals relevant issues that took place during the recent Mexican earthquake. …

The earthquake of September 19, 2017 caused a huge amount of damage to various buildings, mainly in Mexico City and the State of Morelos, and on a smaller scale in the States of Mexico and Puebla. In the attention to these incidents, Comando Engineering has faced mainly two challenges: The one that refers to the compliance with the current construction …

After our experience of the earthquakes in Mexico in situ, the RTS International Loss Adjusters team has produced a brief retrospective analysis of the phenomena that result in these earthquakes, the type of damage they cause and, most importantly, the preventive measures that can be taken to try to mitigate their effects. Lastly, we make a short comparison between the earthquakes that took place …

Foto: Uber Uber contrató a Seguros Sura y Axa Seguros México para proteger todos los viajes realizados a través de su aplicación. Desde el 2 de octubre de 2017, los viajes en la Ciudad de México y el Estado de México están cubiertos por Seguros Sura y aquellos en el resto de las 35 ciudades del país donde Uber tiene …

Tropical Storm Nate  is strengthening as it hurtles towards Mexico and the US. It currently has maximum sustained winds of 45mph and is moving at 12mph in a northwesterly direction. The NOAA said in its 2am update: “On the forecast track, the center of Nate will move over the Gulf of Honduras and across the northwestern Caribbean Sea today, and …

Principales Funciones: Construcción y mantenimiento de la red de proveedores que permita atender las necesidades de la operación de siniestros de acuerdo a los niveles de servicio esperados y con un control de la evolución de los costos Apoyar al equipo de oferta/suscripción a entender el costo implícito para un determinado producto/negocio y definir el costo subyacente asociado a un …

A.M. Best analysts will deliver market insights, present an overview of the state of the industry, and discuss rating trends. A.M. Best will also present updates on the recent changes to Best's Credit Rating Methodology (BCRM) and the Best's Capital Adequacy Ratio (BCAR) model.