Everest pronounces introduction of Mexico operations – Cyber Tech

Insurance coverage supplier Everest Group has acquired regulatory approval to function in Mexico, establishing headquarters in Mexico Metropolis to be led by Jaime Chaves Lopez (pictured).

Everest introduced the growth 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 offered a “important alternative” for Everest and different firms in want of its choices throughout business and specialty property, casualty, marine, and monetary traces.

Chaves has over 25 years of expertise, having beforehand labored for firms like Chubb, Odyssey Reinsurance Latin America and the Caribbean, Swiss Re Mexico, and Swiss Re Colombia.

“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 vice chairman and regional president for Latin America.

Everest is happy 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” staff of pros in Mexico.

He additionally famous that beneath Chaves’ management, Clifford is assured within the firm’s capacity to develop into a “most well-liked market chief” in Mexico and the remainder of the world.