Regulatory Alerts2018-01-19 | DOF 5510963Added
Authorization for the Merger of Chubb de Mexico and Aba Seguros into ACE Seguros
The National Commission of Insurance and Sureties authorizes the merger of Chubb de Mexico, Compañía de Seguros, S.A. de C.V., and Aba Seguros, S.A. de C.V., into ACE Seguros, S.A., with the latter surviving. This authorization renders the previous licenses of the merging entities void and requires ACE Seguros to register the merger in the Public Commerce Registry and publish the agreements in the Official Gazette and two widely circulated newspapers. The merger does not alter existing insurance contract terms without the consent of the parties involved.