Bermuda domiciled insurer and reinsurer Everest, has received regulatory approval to begin operating in Mexico.
Trading as Compañía de Seguros Generales Everest México S.A. de C.V., the entity will be headquartered in Mexico City, and it will be led by Jaime Chaves López, Head of Mexico, leading operations.
If you recall, Jaime’s appointment was announced in March 2023.
An experienced veteran across the sector, he brings over 25 years of expertise towards the role, having previously served for a variety of companies, such as Chubb, Odyssey Reinsurance Latin America and the Caribbean, Swiss Re Mexico and Swiss Re Colombia.
“The rapidly evolving insurance market in Mexico presents a significant opportunity for Everest and for companies in need of our financial strength, superior service and breadth of offerings across commercial and specialty property, casualty, marine and financial lines,” commented Jaime.
“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,” said Pablo Korze, Senior Vice President and Regional President, Latin America.
“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,” added Adam Clifford, co-lead of Everest Insurance International.
