Everest receives regulatory approval for Mexico operations [Yahoo! Finance]
INSURANCE AUSRLA UNSP/ADR (IAUGY)
NASDAQ:AMEX Investor Relations:
iag.com.au/shareholder-centre
Company Research
Source: Yahoo! Finance
The new entity, trading as Compañía de Seguros Generales Everest México, will be based in Mexico City and led by Jaime Chaves López. Everest has expressed confidence in the potential of the Mexican market, identifying a "significant opportunity" to establish itself as a market leader in various insurance lines, including property / casualty, marine, and financial. With the launch in Mexico, Everest further expands its operations in Latin America. In May 2022, the (re)insurer received regulatory approval to operate in Chile under the name Everest Compañía de Seguros Generales Chile. Everest senior vice president and Latin America regional president Pablo Korze said: “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
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