Everest has announced that it has received regulatory approval from the Comisión Nacional de Seguros y Fianzas to operate in Mexico.
The firm is set to commence trading under the moniker Compañía de Seguros Generales Everest México S.A. de C.V., and will be led by Jaime Chaves López, head of Mexico operations.
Basing themselves in Mexico City, the company is looking take advantage of the rapidly evolving insurance market in Mexico.
Everest is aiming to leverage its financial strength, superior service, and extensive offerings across commercial and specialty property, casualty, marine, and financial lines to serve companies in this growing market.
The new Mexican entity will enable Everest to bring its expertise and core property and casualty (P&C) product offerings to this key emerging market.
The company will aim to offer superior service and a wide range of insurance solutions to meet the diverse needs of businesses in Mexico.
The offerings will include commercial and specialty property, casualty, marine, and financial lines, leveraging Everest’s extensive global network and financial strength.
Additionally, Everest’s entry into the Mexican market aligns with the company’s strategic goal to expand its global footprint and serve key emerging markets. This expansion is expected to bolster Everest’s position as a market leader, both in Mexico and internationally.
Pablo Korze, senior vice president and regional president for Latin America, stated, “Mexico’s growing economy and geographical location make it a key emerging market in the global financial landscape, and one Everest is well-positioned to serve. Backed by the power of Everest’s financial strength and expanding global network, we are excited to bring our underwriting expertise and a set of core P&C product offerings to this region.”
Adam Clifford, co-lead of Everest Insurance International®, added, “We have an outstanding team of professionals in Mexico, and under Jaime’s leadership I am confident in our ability to become a preferred market leader in Mexico and around the globe.”
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