Regulatory Alerts2018-02-13 | DOF 5512923Added
Authorization of the Merger of Chubb de Mexico, Compania Afianzadora, S.A. de C.V., as the Merged Entity, and ACE Fianzas Monterrey, S.A., as the Surviving Entity
The National Commission of Insurance and Sureties authorizes the merger of Chubb de Mexico, Compania Afianzadora, S.A. de C.V., as the merged entity, and ACE Fianzas Monterrey, S.A., as the surviving entity. This authorization renders the previous license of Chubb de Mexico, Compania Afianzadora, S.A. de C.V. to operate as a surety institution null and void. ACE Fianzas Monterrey, S.A. is required to register the merger in the Public Commerce Registry and publish the unanimous shareholder agreements in the Official Gazette and two widely circulated newspapers at its own expense.