Regulatory Alerts2016-10-14 | DOF 5456792Added
Amending Circular 18/16 of the Single Insurance and Surety Circular
The National Insurance and Surety Commission modifies Annexes 34.1.21-b and 34.2.2-b of the Single Insurance and Surety Circular to update the General Register of Foreign Reinsurers (RGRE) and the list of authorized underwriters for the period from January 1 to July 31, 2016. The amendments record the registration of twelve foreign reinsurers, including Factory Mutual Insurance Company and Affiliated FM Insurance Company, the cancellation of Amlin Europe N.V., and name changes for entities such as LIG Insurance Co., LTD to KB Insurance Co., LTD. Additionally, the document incorporates eleven authorized underwriters, specifying their liability limits, covered risks, and validity periods, such as Hanover Specialty Insurance Brokers with indefinite validity and International Reinsurance Managers, LLC with a three-year term ending December 31, 2017.
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