RegAlertRule · SHCP · 27 Dec 2022 · DOF 5675765
Amendatory Circular 15/22 to the Single Circular for Insurance and Bonding
This amendatory circular modifies Annexes 34.1.21-b and 34.4.3 of the Single Circular for Insurance and Bonding, updating the General Registry of Foreign Reinsurers and the list of authorized representative offices. Annex 34.1.21-b records registrations, cancellations, name changes, and legal status changes for foreign insurance and reinsurance entities occurring between September 1 and December 15, 2022, including specific registry numbers for entities such as CHAUCER INSURANCE COMPANY and AXA, S.A. Annex 34.4.3 lists 17 foreign reinsurer representative offices in operation as of December 15, 2022, such as HANNOVER RÜCK SE and GENERAL REINSURANCE AG. The modification enters into force the day following its publication in the Official Gazette of the Federation.
Official Gazette of the Federation: 27/12/2022
AMENDATORY CIRCULAR 15/22 TO THE SINGLE CIRCULAR FOR INSURANCE AND BONDING
In the margin, a seal with the National Shield, stating: United Mexican States.- TREASURY.- Secretariat of Treasury and Public Credit.- National Insurance and Bonding Commission.
AMENDATORY CIRCULAR 15/22 TO THE SINGLE CIRCULAR FOR INSURANCE AND BONDING
(Annexes 34.1.21-b and 34.4.3.)
The National Insurance and Bonding Commission, based on the provisions of articles 107, 256, 366, sections II and X, 372, sections VI, IX and XLII, 373 and 381 of the Law of Insurance and Bonding Institutions, and
CONSIDERATIONS
That in terms of what is established in article 107 of the Law of Insurance and Bonding Institutions, in accordance with Chapter 34.1. of the Single Circular for Insurance and Bonding, it is the competence of the National Insurance and Bonding Commission to maintain the General Registry of Foreign Reinsurers in which first-order foreign reinsurers that meet solvency and stability requirements to carry out operations and comply with the diversification of liabilities assumed by insurance institutions and mutual societies and bonding institutions of the country appear; which implies following up, among others, on the registration, cancellation and changes in the legal situation presented by such foreign entities.
That in terms of what is provided in Provision 34.4.3 of the Single Circular for Insurance and Bonding, information regarding the Representative Offices authorized by the National Insurance and Bonding Commission to establish themselves in the Mexican Republic, in accordance with article 108 of the Law of Insurance and Bonding Institutions, is made known through Annex 34.4.3 of the aforementioned Circular.
That it is necessary to keep Annexes 34.1.21-b and 34.4.3. of the Single Circular for Insurance and Bonding updated, with information regarding the granting of registration in the General Registry of Foreign Reinsurers of first-order foreign reinsurers that meet the solvency and stability requirements to carry out operations and comply with the diversification of liabilities assumed by insurance institutions and mutual societies and bonding institutions of the country, as well as changes in the legal situation presented by such foreign entities; likewise, on the information that said reinsurers provide to the National Insurance and Bonding Commission regarding the Representative Offices authorized by the National Insurance and Bonding Commission to establish themselves in the Mexican Republic, in accordance with article 108 of the Law of Insurance and Bonding Institutions.
Based on the foregoing, the National Insurance and Bonding Commission has resolved to issue the following modification to the Single Circular for Insurance and Bonding in the following terms:
AMENDATORY CIRCULAR 15/22 TO THE SINGLE CIRCULAR FOR INSURANCE AND BONDING
(Annexes 34.1.21-b and 34.4.3.)
SINGLE. - Annexes 34.1.21-b and 34.4.3. of the Single Circular for Insurance and Bonding are modified.
TRANSITORY PROVISIONS
SINGLE. - This Amendatory Circular shall enter into force the day following its publication in the Official Gazette of the Federation.
The foregoing is made known to you, based on articles 107, 256, 366, sections II and X, 372, sections VI, IX and XLII, 373 and 381 of the Law of Insurance and Bonding Institutions.
Sincerely,
Mexico City, as of December 16, 2022.- The President of the National Insurance and Bonding Commission, Ricardo Ernesto Ochoa Rodríguez .- Signature.
ANNEX 34.1.21-b.
REGISTRATIONS, CANCELLATIONS, NAME OR LOCATION CHANGES AND LEGAL STATUS CHANGES OF FOREIGN INSURANCE AND REINSURANCE ENTITIES REGISTERED IN THE RGRE
From September 1 to December 15, 2022
a) Granting of registration.
...
| SHCP/CNSF Official Letter | Date | Subject |
|---|---|---|
| 06-C00-41100-08646/2022 | 21/09/2022 | Registration granted to CHAUCER INSURANCE COMPANY, DESIGNATED ACTIVITY COMPANY, with registry number RGRE-1283-22-C0000 |
| 06-C00-41100-10408/2022 | 04/11/2022 | Registration granted to AXA, S.A., with registry number RGRE-1284-22-C0000 |
b) Cancellation of registration
...
| SHCP/CNSF Official Letter | Date | Subject |
|---|---|---|
| 06-C00-41100-10489/2022 | 06/12/2022 | Registration of AXA GLOBAL RE cancelled, with registry number RGRE-1128-14-328973 |
| 06-C00-41100-11787/2022 | 07/12/2022 | Registration of AXA XL RESSEGUROS S.A. cancelled, with registry number RGRE-1199-16-C0000 |
| 06-C00-41100-11529/2022 | 07/12/2022 | Registration of SCOR SWITZERLAND AG cancelled, with registry number RGRE- RGRE-594-02-324647 |
c) Name or location change.
...
| SHCP/CNSF Official Letter | Date | Subject |
|---|---|---|
| 06-C00-41100-07545/2022 | 13/09/2022 | Note was taken of the name change of AXA XL INSURANCE COMPANY UK LIMITED (formerly XL CATLIN INSURANCE COMPANY UK LIMITED) RGRE-889-05- 326704. |
| 06-C00-41100-10243/2022 | 28/10/2022 | Note was taken of the name change of HELVETIA GLOBAL SOLUTIONS LTD (also called HELVETIA GLOBAL SOLUTIONS AG OR HELVETIA GLOBAL SOLUTIONS SA) (formerly HELVETIA SCHWEIZERISCHE VERSICHERUNGSGESELLSCHAFT IN LIECHTENSTEIN AG, (also called HELVETIA SWISS INSURANCE COMPANY IN LIECHTENSTEIN LTD, OR HELVETIA COMPAÑÍA SUIZA DE SEGUROS EN LIECHTENSTEIN), RGRE-1273-21- C0000. |
| 06-C00-41100-11532/2022 | 07/12/2022 | Note was taken of the name change of THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION LIMITED (formerly THE UNITED KINGDOM MUTUAL STEAM SHIP ASSURANCE ASSOCIATION (EUROPE) LIMITED, RGRE-1277-21-C0000. |
d) Legal status changes
...
...
| SHCP/CNSF Official Letter | Date | Subject |
|---|---|---|
| 06-C00-41100-11452/2022 | 07/12/2022 | Note was taken of the legal status change of AUSTRAL RESSEGURADORA S.A. derived from the change suffered in its shareholding structure. |
| 06-C00-41100-07799/2022 | 06/09/2022 | Note was taken of the legal status change of SWISS REINSURANCE COMPANY LTD, derived from the modification of its corporate bylaws |
| 06-C00-41100-11528/2022 | 30/11/2022 | Note was taken of the legal status change of SCOR SE, derived from the merger carried out with SCOR SWITZERLAND AG. |
ANNEX 34.4.3
LIST OF REPRESENTATIVE OFFICES OF FOREIGN REINSURERS IN OPERATION
As of December 15, 2022
| No. | Representative Office | Foreign Reinsurer Registry Number |
|---|---|---|
| 1 | HANNOVER RÜ CK SE | RGRE-1177-15-299927 |
| 2 | GENERAL REINSURANCE AG. | RGRE-012-85-186606 |
| 3 | MAPFRE RE COMPAÑÍA DE REASEGUROS, S.A. | RGRE-294-87-303690 |
| 4 | MUENCHENER RÜCKVERSICHERUNGS-GESELLSCHAFT | RGRE-002-85-166641 |
| 5 | ODYSSEY REINSURANCE COMPANY | RGRE-1130-14-321014 |
| 6 | PARTNER REINSURANCE COMPANY LTD | RGRE-446-97-318415 |
| 7 | RGA REINSURANCE COMPANY | RGRE-376-94-316539 |
| 8 | STARR INDEMNITY & LIABILITY COMPANY | RGRE-1003-09-327405 |
| 9 | STARR INSURANCE & REINSURANCE LIMITED | RGRE-1126-13-328961 |
| 10 | WESTPORT INSURANCE CORPORATION | RGRE-203-85-300177 |
| 11 | LIBERTY MUTUAL INSURANCE COMPANY | RGRE-210-85-300184 |
| 12 | LLOYD ' S | RGRE-001-85-300001 |
| 13 | BERKLEY INSURANCE COMPANY | RGRE-405-97-319746 |
| 14 | OCEAN INTERNATIONAL REINSURANCE COMPANY LIMITED | RGRE-1185-15-329063 |
| 15 | SWISS REINSURANCE AMERICA CORPORATION | RGRE-795-02-324869 |
| 16 | SWISS REINSURANCE COMPANY LTD. | RGRE-003-85-221352 |
| 17 | SCOR SE | RGRE-501-98-320966 |
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