Regulatory Alerts2021-06-30 | DOF 5622572Added · Updated
Official Letter Authorizing the Organization, Operation, and Functioning of Liberty Seguros, S.A. de C.V.
The Federal Government, through the National Insurance and Sureties Commission, authorizes Liberty Mutual Latin Holdings, LLC, and Liberty Mutual Services, LLC to organize, operate, and function Liberty Seguros, S.A. de C.V. as a damage insurance institution in Mexico City with a minimum fixed paid-in capital of $79,640,000.00 Mexican pesos. The authorization permits operations in civil liability and professional risks, marine and transport, fire, catastrophic and diverse risks, including reinsurance for these lines. The authorization is subject to obtaining a favorable opinion from the Commission within 180 days of the approval of the social bylaws, and the document must be published in the Official Gazette and two widely circulated newspapers within 120 days of notification.