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Friday, June 21, 2024

Everest will get approval to launch new Mexican operation – The Royal Gazette



Up to date: Might 30, 2024 09:37 PM

Jaime Chaves López, head of Mexico, for Everest ({Photograph} provided)

Bermudian-based Everest has acquired regulatory approval to function in Mexico, with headquarters in Mexico Metropolis, and with Jaime Chaves López, head of Mexico, main operations.

“The quickly evolving insurance coverage market in Mexico presents a major alternative for Everest and for corporations in want of our monetary power, superior service and breadth of choices throughout industrial and speciality property, casualty, marine and monetary strains,” mentioned Mr Chaves.

Pablo Korze, senior vice-president and regional president, Latin America, added: “Mexico’s rising financial system and geographical location make it a key rising market within the world monetary panorama, and one Everest is nicely positioned to serve.”

Pablo Korze, Everest senior vice-president and regional president, Latin America ({Photograph} provided)

Adam Clifford, co-lead of Everest Insurance coverage Worldwide, added: “We have now an excellent workforce of pros in Mexico, and underneath Jaime’s management I’m assured in our capability to turn out to be a most popular market chief in Mexico and across the globe.”

Everest acquired regulatory approval from the Comisión Nacional de Seguros y Fianzas to function in Mexico, buying and selling as Compañía de Seguros Generales Everest México SA de CV.

Earlier this yr Everest formally launched its Australian insurance coverage operations after receiving approval from the Australian Prudential Regulation Authority.

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