It has obtained regulatory approval
Insurance coverage supplier Everest Group has obtained regulatory approval to function in Mexico, establishing headquarters in Mexico Metropolis to be led by Jaime Chaves Lopez (pictured).
Everest introduced the enlargement of its worldwide insurance coverage community on Thursday, appointing Lopez after receiving approval from the nation’s nationwide safety and finance fee.
The brand new entity is buying and selling as Compania de Seguros Generales Everest Mexico, increasing the corporate’s Latin American operations.
In a press release, Chaves mentioned the “quickly evolving” insurance coverage market in Mexico introduced a “important alternative” for Everest and different corporations in want of its choices throughout industrial and specialty property, casualty, marine, and monetary strains.
“Mexico’s rising financial system and geographical location make it a key rising market within the world monetary panorama, and one Everest is well-positioned to serve,” mentioned Pablo Korze, the corporate’s senior vp and regional president for Latin America.
Everest is worked up to carry its underwriting experience and a set of core property and casualty product choices to the area, Korze mentioned.
Adam Clifford, Everest Insurance coverage Worldwide’s co-lead, additionally commented on the announcement, saying the corporate has an “excellent” workforce of execs in Mexico.
He additionally famous that below Chaves’ management, Clifford is assured within the firm’s capability to turn into a “most popular market chief” in Mexico and the remainder of the world.
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